Same Zip Code, $90K Difference: How to Underwrite a Fix and Flip Street by Street
from Never Perfect Hosted by Casey Ryan Quinn
Marc McLaughlin went from construction and design work for another investor to 10+ fix and flips with SteelPoint in about 18 months, and he lost 100 pounds along the way. He joins Casey Ryan Quinn to talk about what changed his mindset, how he got burned by private lenders before finding the right partner, and what the last year taught him about risk. He also explains why a $9,000 flip might have been better as a rental. They dig into underwriting in Pittsburgh, one of the country’s top fix-and-flip markets for ROI, including a South Park sale where the street alone meant about a $90K difference. They also cover when design upgrades pay off, and why one phone call beats a week of texting. Subscribe to the Never Perfect Podcast so you don’t miss an episode.
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