Home Flipping Houses 3 Lessons I Learned From Backing Out of My First Fix & Flip Deal

3 Lessons I Learned From Backing Out of My First Fix & Flip Deal

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I’ve invested for over a decade and haven’t led one of the fix and reversal projects myself. So I decided to take the plunge and I made my first offer with amendments and reversals. I thought it was a “contract”.

Related: Three tips to significantly reduce the risk of buying, modifying, and flipping a property

However, in the end, I decided to cancel the contract and cancel the contract. In this process, you learned some invaluable lessons that you would like to share in this short video.

What I learned from the cancellation of the first Fix & Flip Deal

[Editor’s Note: We are republishing this article to help out our newer readers.]

Have you ever canceled a transaction? What did you learn in the process?

Let’s talk in the comments section below!

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