EP 471 - The Biggest Mistake Flippers Make When a Deal Goes Bad

What did you think of todays show??Would you rather take a hit to your pride or your bank account? In this episode, find out how holding onto a deal too long can come back to bite you and your business. We dig into why so many deals are breaking down, why some investors are underwater and can't bring cash to closing, and why refinancing isn't always the fix people think it is.Topics discussed:Introduction (00:00)The biggest mistake flippers are making right now (01:20)The cost of holding onto a property too long (04:31)Why wholesalers are struggling in this market (07:48)New foreclosure trends and the cause (08:28)Housing development and the myth of affordable housing (11:21)How American spending has changed (17:49)Urban sprawl and the loss of culture (19:43)How urban development impacts city governments (25:09)How Gen Z views wealth and home ownership (29:02)Staying lean vs. having an in-person office space (31:49)Sign up to join the FREE Scale Community! https://collectingkeys.com/Want deeper breakdowns like this every week? Subscribe to the Collecting Keys newsletter! https://collectingkeys.com/newsletter/Follow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com