BiggerPockets Real Estate Podcast

858: Real Estate Gone Wrong: The House Flip That Fell Over (-$380K) w/James Dainard

Dec 15, 2023
Guest
James Dainard
James Dainard, a veteran house flipper, recounts a grave mistake that cost him up to three-quarters of a million dollars. He shares the biggest mistake flippers can make, dealing with a house falling over, forecasting permit times, and the importance of emergency reserves in home renovation. Learn from his experience and avoid costly errors in real estate investing.
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Chapters
Transcript
Episode notes
1
Introduction
00:00 • 3min
2
Challenges with Permits and a House Falling Over: A Renovation Gone Wrong
02:47 • 3min
3
Setback in House Renovation and Sponsored Ads for Financing Options
05:31 • 5min
4
Lessons Learned from a House Flipping Project
10:02 • 11min
5
Conclusion and Real Estate Deals during the Holiday Season
20:55 • 2min