EP. 017 - Why DIY is Not the Way to Go

Profit from a flip is dependent upon three numbers.  The purchase price, the renovation budget and the sale price.  Without knowing the exact sale price many people will look to the renovation budget as an area where they can control expenses by doing repairs themselves.  While there are situations where that may make sense there's another side to DIY.   A side where it may potentially end up costing more and delay the sale.  Knowing how to account for this may offer a new perspective on the value of DIY.     My Gift to You If you want to scout for your flip house like a pro, this is for you. I've created a fixer upper checklist that includes 8 key areas I look for in a house to see if it has flip potential.   Download your copy here: https://thresholdhomesmn.com/checklist/