EPISODE · Apr 18, 2025 · 13 MIN
This Mistake Cost Me $50,000 In Real Estate
from The Real Deal w/ Neil Clements · host Neil Clements
In this episode, I share the story of my very first house flip—and the $50,000 mistake that nearly crushed me.Back in 2019, I jumped into my first flip without money, a contractor, or experience—just grit and a great deal. Things went downhill fast. From trusting the wrong contractor to drastically underestimating rehab costs and hitting the worst market timing with COVID, I made every mistake you can imagine. But despite it all, we still walked away with a small profit... and a life-changing lesson.If you're thinking about getting into house flipping or real estate investing, this story might save you tens of thousands of dollars and years of heartache. 📊 Manage Land Deals Like a Pro with Stride CRM Built for land investors—organize leads, track deals, and close faster🔎 Land Portal: The Data Edge Every Land Investor NeedsGet the Data You Need to Find Deals & Make Smarter Land Buys🙋🏻♂️ Get the REtipster Newsletter (It's FREE)!Stay updated with top real estate investing insights and strategies🚀 Land Investor’s Action Plan (Free 5-Day Course!)Solve the 5 mistakes that keep investors stuck⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!)Avoid the 21 most deadly land-buying blunders👉 10X Your Income from Land InvestingLearn how to start and supercharge your land investing business...
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This Mistake Cost Me $50,000 In Real Estate
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