I have learned a lot from flipping houses.
- For example: “don’t bite off more than you can chew”.
In other words, don’t take on a project that is more than you can handle. For me, that means not intentionally buying a household that has problems that I can’t maintenance myself. Take, for example, this one fixer-upper I was looking at last week. I was touring the household plus didn’t see anything too frightening at first. The bedroom needed new cabinets plus the lavatory needed a new sink. But, for the most part, the household looked inhabitable. It even had a working Heating, Ventilation, plus A/C system. That is something you don’t usually see in these types of houses. I am genuinely glad that it did have an Heating, Ventilation, plus A/C system though because that showed me a much larger problem. It turned out that the household has a sizable termite problem. I didn’t notice it until termites started, quite literally, raining down from the Heating, Ventilation, plus A/C vents plus hitting me in the face. I saw this as a sign from above that I shouldn’t buy the house, however yes termites can be exterminated. However, if it is so poor that the termites are in the HVAC duct plus in the ceiling after that we am not sure the household can be saved. Not while turning a profit anyway. I didn’t but that house. I also didn’t by the next household I looked at. That one had a lot of water disfigurement from a leaking drip valve in an aged a/c. However, I did just buy a wonderful fixer-upper. It doesn’t have any major problems. I do need to get an a/c plus heating install even though I know I will still be able to turn a profit.