Hopefully this isn't too bad a taste, but every so often a deal crosses your desk that looks almost too good. This was one of them. Off-market house here in Austin. A wholesaler had it locked up. New roof, newer HVAC, and the "rehab" was really just a trash-out and some paint. Clean it up, list it, done. Here's how it penciled: - Purchase: $328,000 - Rehab budget: ~$40,000 - Resale / ARV: $450,000 - Projected profit: $35,802 - Margin: 8%, about 26% annualized For a trash-out and some cosmetics, that is a strong number. Deals that easy make me suspicious, so we started digging. Everything checked out. Roof, mechanicals, comps, title. Then the seller's disclosure notice landed, and the whole thing turned on a single line. Someone had been killed in the house. A recent, violent death, in the same home we were about to fix up and sell to a family. I have walked hundreds of distressed properties. Fire, foundation failures, hoarder houses, homes taken down to the studs. In all those years I had never run into this one. It is the rare kind of damage a contractor can't quote. We passed. Some things you don't put your name on, and reselling a house with that history to an unsuspecting buyer is one of them. That $35,802 looked great right up until it didn't. The wildest deal-killers I have ever seen never showed up in the numbers. They showed up in the story of the house. So read the disclosure notice line by line before you fall in love with a deal, because the worst surprises are the ones no budget has a line for. 👉 What is the strangest thing that ever killed one of your deals? I don't think mine can be topped, but I'd love to be proven wrong. See Police Report Here

Welcome to Flip by the Numbers. Glad you're here. Before you post anything, I want to tell you what this place is about. ✏️ WHAT THIS IS This is a community for flippers and wholesalers who want the truth about a deal before they own it. We underwrite deals together, out in the open. We build rehab budgets that hold up when the contractor actually shows up. We count every cost, including the ones that never make the highlight reel. If you wholesale, you belong here too. You're the first person to underwrite a flip, and pricing an assignment starts with running your buyer's numbers. 🚫 WHAT THIS IS NOT I'll be straight with you. There's no hype in here, and you don't need to be crushing it to post. There's no pitch waiting at the end of a free training. If you post a win that skipped the math, expect questions, because a win without numbers is just a story. And if you pitch a member in the DMs, I'll remove you the first time it happens. 📋 THE GROUND RULES 1. Build each other up. Be tough on the numbers and kind to the person. Someone posting their first underwrite is doing something most people never work up the nerve to do. Help them get better. 2. Be genuinely helpful. Answer the way you'd want someone to answer you if your earnest money were on the line. If your answer is "it depends," say what it depends on. 3. Show your math. Opinions are welcome. Opinions with numbers are what change decisions. 4. Walk-aways are wins. If you passed on a bad deal this week, post it in Wins & Walk-Aways. Walking away from a bad number takes more discipline than closing ever will. Around here, if it's not a HELL YES, it's a hell no. 👇 TWO THINGS TO DO RIGHT NOW 1. Drop an intro in the comments. Your market, your strategy, and how many deals you've done. Zero is a great answer. This place was built for people starting at zero. 2. Watch for Monday's Deal Check. Real deal, real numbers, and a poll. Take a swing at it. Wrong answers are how everyone here got good. Glad you're in. Let's find out what pencils.