Always include a 15-20% "contingency fund" for hidden issues like mold, structural damage, or outdated wiring found behind walls.
Doing work yourself saves money, but professional finishes sell houses. Poor DIY work can actually decrease a home’s value. buying and flipping homes
The goal of a flip is to minimize the "holding time." The longer you own the property, the more your profits are eaten away by taxes, insurance, utilities, and interest payments (often called ). 2. The Golden Rule: The 70% Formula Always include a 15-20% "contingency fund" for hidden