Estimating renovation costs on a property isn’t as hard as many people make it out to be. But if you don’t go about it the right way, that’s when you can find yourself in trouble.

In this episode of Collecting Keys Podcast, Mike opens talking about a recent trip to Miami for a GoBundance mastermind. In the educational section, we share our tips and tricks on how to really make a renovation costs estimate by being conservative and using a simplified process, and how to get the most value out of a renovation.

Here are some power takeaways from today’s conversation:

• Surround yourself with like-minded people
• Be intentional, inquisitive, and truly listen in all of your dealings
• Make conservative estimates when coming up with renovation costs
• Less renovations is more if you want to make money flipping houses