In this episode, John and Kyle discuss the costs involved in flipping houses and the
challenges that arise during the process. They emphasize the importance of
understanding the true costs and potential risks before getting into flipping. They break
down the costs step by step, from the initial purchase to the final sale, highlighting the
various expenses that can eat into potential profits. They also touch on the current
market conditions and how they impact the flipping business.
• Flipping houses requires careful consideration of all costs involved, including closing
costs, repairs, holding costs, and selling expenses.
• It is crucial to accurately estimate repair costs and budget for potential overages.
• Market conditions and location play a significant role in the profitability of a flip.
• Real estate agents, lenders, and other professionals involved in the process should
be factored into the overall costs.
"Everybody who's ever walked into a Home Depot thinks they can do it." - John
"Labor is expensive now, and those construction costs have gone up significantly." -
You can listen to We Are TPM on any major podcast platform including Apple
Podcasts, Google Play, Spotify, and many more.
Tune in today!
We Are TPM
Teixeira Property Management
There are a vast amount of ways in today's world to build wealth using real estate and
investing, not just in property, but in yourself!
Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of
Teixeira Property Management bring you all of the knowledge and experience they can
provide for the confidence to achieve your investment goals, or how and why to create
them. Now, while John and Kyle have a ton to share, they will also be bringing you
interviews with some of their clients, industry partners, experienced investors, and
much more every week!
John and Kyle look forward to sharing the knowledge you need about arguably the
greatest investment vehicle that is available to the masses — Real Estate. Knowledge
is power, and John and Kyle intend to give you as much power as possible. It's not
always about the HOW, but also the WHY, and they will be digging into it right here