subject: Rehab-real-estate: Mistakes To Avoid When You Fix And Flip Houses [print this page] A lot of people commit common errors when they and fix and flip houses. The sad part? Sometimes they dont even know what theyre doing wrong. For those who want to be successful at rehabbing houses, here are a few mistakes you should definitely avoid:
Being too talkative. Some investors just cant keep quiet. Keep on doing this and youll notice that youll close less and less deals. Remember that information flies fast and sometimes it accidentally and unfortunately lands on the lap of a competitor. Some house flippers, in pure jubilation that found a house they want to flip, call their friends to tell about it. Others tweet or blog about it even before they fix and flip or even buy the property. When they go back to purchase it, theyll be surprised that a competitor has begun rehabbing the house. Apparently, news about the good deal got to him and he had the money first. Yes, if only you kept your mouth shut.
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by: Carrie Dawson
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