Good Bad Ugly | Real Estate Investing
Good Bad Ugly | Real Estate Investing
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In November, the speaker's flipping company lost $108,090 due to buying properties assuming their after-repair value (ARV) was higher than it actually was. The drop in prices caused investor buyers to back out, and the company made things worse by holding onto the properties for too long. After three or four months of failing to sell the properties, the company decided to get rid of them in October and November, resulting in the loss of over $100,000.
In November, the speaker's flipping company lost $108,090 due to buying properties assuming their af