Flipper Nation has posted a YouTube video that will scare all "wannabe" investors. Check it out here.
Lessons to learn:
- Pick a good investment partner
- Keep to the budget
- Don't do expensive upgrades with little return
- Find a real estate agent that understands rehabbing
- Buy low, sell at a profit!
- Keep track of the budget before the money is spent
- If you made mistakes, be thankful you broke even
- It isn't always someone else's fault that you overspent!