What They Don't Tell You About Flipping Houses

Here are the top mistakes to avoid in flipping houses:

1) Hiring the wrong team members. You should know how to leverage other people's time, talents and resources. Do the necessary background research on them particularly your General Contractor--get referrals, check if they're reputable, etc.
2) Involving in a badly financed deal. Hard money loans are asset-based only loans. Usually, they don't require good credit, but they have a high interest rate and can be extremely pricey. If you don't sell it fast when it's done, you can be enmeshed on a bad deal.
3) Facing irrational fears. If you always second guess yourself and your decisions, then it's time to get a mentor. They can also help you to correct your mindset.

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EARNINGS DISCLOSURE
Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below.
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle. Mr. Krohn does not recommend the purchase of any particular security, insurance contract, alternative investment, real estate or other investment vehicle, and nothing in this video shall be deemed to constitute the solicitation, recommendation, endorsement or offer of any such item in this or in any other jurisdiction in which such recommendation, solicitation or offer would be unlawful under the securities or insurance laws of such jurisdiction.

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