Welcome back to the BPM REIA podcast. Today is for anyone thinking about their first flip. Let’s talk about mentorship for real estate flippers, and why the hardest part isn’t the purchase.
Buying low looks simple. The trouble starts after closing. A contractor says six weeks and takes eleven. A permit gets delayed. A scope quietly grows until the budget stops working. One foundation issue can turn a thirty thousand dollar profit into a twenty thousand dollar loss.
So start with the right first property. Choose something mostly cosmetic over a house that needs major structural work. A mentor who walks the property with y