DiscoverThe Real Deal w/ Neil ClementsThis Mistake Cost Me $50,000 In Real Estate
This Mistake Cost Me $50,000 In Real Estate

This Mistake Cost Me $50,000 In Real Estate

Update: 2025-04-18
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Description

In this episode, I share the story of my very first house flip—and the $50,000 mistake that nearly crushed me.

Back in 2019, I jumped into my first flip without money, a contractor, or experience—just grit and a great deal. Things went downhill fast. From trusting the wrong contractor to drastically underestimating rehab costs and hitting the worst market timing with COVID, I made every mistake you can imagine. But despite it all, we still walked away with a small profit... and a life-changing lesson.

If you're thinking about getting into house flipping or real estate investing, this story might save you tens of thousands of dollars and years of heartache.

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This Mistake Cost Me $50,000 In Real Estate

This Mistake Cost Me $50,000 In Real Estate

Neil Clements