Ep 13: The Three Checks That Protect Every Iowa Flip Budget
A house from the nineteen forties can hide an eighty-thousand-dollar surprise behind a wall that looks perfectly fine.
Light rehab or full rehab is the single most expensive guess a new investor makes, mostly because it usually gets treated like a decision instead of the guess it actually is.
Neil breaks down the three checks he runs on every property before committing to a number: age and systems, comps and the after repair value ceiling, and timeline tolerance. Get the scope call wrong in either direction, and the gap can run twenty to forty thousand dollars on a mid-range Des Moines metro…
The skinny
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