What Happens When A Flip Comes $40,000 OVER Budget? House Tour & Numbers | Business of Real Estate
Today's episode is the *ugly* side of flipping. You can watch the tour on the RentRedi YouTube channel here: https://www.youtube.com/c/RentRedi . Literally, everything has gone wrong on this house flip in upstate New York. Glenn & Amber are visiting and touring a property (that they own) for the first time since they had to spend an unexpected $30,0000 on asbestos abatement. The unexpected cost took this flip from what should have been $80,000 in profit to trying to make $40,000 in profit, but only IF Amber can renovate & design on a dime. This episode is the first of 4 episodes from Glenn & Amber where they will walk through a property, talk numbers, and explain how experienced flippers make financial decisions about a property.
///Learn more about host Glenn Schworm --> https://www.homeflippingworkshop.com/ // Instagram @Glenn_and_Amber_Schworm
/// Check out RentRedi http://www.RentRedi.com?utm_source=podcast --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/channel/UCyrEn2BPdf4W_NJs6GF71vA