The Risk of the Flip: Surrounding Real Estate Disasters and the Power of Double Closing
About this episode
The episode discusses the challenges and risks associated with transitioning from wholesaling to house flipping in real estate.
Moving from wholesaling to heavy house flipping sounds like a natural evolution, but the operational reality can look like a trash can on fire. In this segment, the guys talk about the stark cash conversion differences between wholesaling and flipping, the brutal carrying costs of $100K+ monthly overhead, and a terrifying story about a midnight run-in at a flip site. They also share a $40,000 lesson on why relying on standard assignments can leave you exposed, and why they legally mandate concurrent double-closes (A-to-B, B-to-C) on nearly all of their Southern California real estate transactions.
People in this episode
Host: Ryan Pineda
Topics covered
- real estate
- house flipping
- wholesaling
- cash conversion
- double closing
- carrying costs
Keywords
- real estate disasters
- double closing
- carrying costs
- wholesaling
- house flipping
- cash conversion
- midnight run-in
Mentioned in this episode
Places: Southern California
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