“Rule number one, don’t lose money, and rule number two, don’t forget rule number one.” – Warren Buffet On today’s Friday Focus episode, our host Dan Austin, wants to tell you about the top three mistakes people make when flipping property that causes them to lose money. The main reason why we do this podcast, to help you maximize your investments, and part of that is minimizing your losses.

So we have pinpointed three main mistakes people make when flipping property. The good news is they are easily avoidable, and we want to help you circumvent these mistakes while you’re flipping homes so you can make the most money possible. In this episode, you will hear the top three ways to lose money on a flip and ways to avoid it with detailed examples and tips that Dan has used to ensure a high return on his flips. You don’t want to miss this one!

Topics discussed in this episode:

• The biggest mistake people make when flipping property
• How to look for natural borders
• Looking at prices holistically
• The second biggest mistake people make when flipping property
• Understanding the costs of things
• The third biggest mistake people make when flipping property
• Estimating the time it takes to complete a project