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How I Lost $30K on My First House Flip

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Manage episode 516122356 series 2542321
Content provided by David Pere. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pere or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I share the full story of my first out-of-state house flip that went completely sideways — and how it cost me $30,000. I break down the decisions I made, from choosing the wrong contractor to managing a property from across the country, and what I would do differently today.

You’ll hear the painful lessons that taught me to always verify work, set clear expectations, and never let optimism override due diligence. This story isn’t just about losing money — it’s about growth, learning, and becoming a smarter investor through hard-earned experience.

Timestamps

(00:00) - Intro

(01:15) - My first out-of-state house flip

(03:45) - Contractor red flags revealed

(06:50) - The moment everything unraveled

(08:40) - How I recovered from losing $30K

(10:55) - Lessons from costly mistakes

(12:30) - Why mentorship saves investors

About the Show

On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.


Resources & Links Connect with David Pere
  continue reading

323 episodes

Artwork
iconShare
 
Manage episode 516122356 series 2542321
Content provided by David Pere. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pere or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I share the full story of my first out-of-state house flip that went completely sideways — and how it cost me $30,000. I break down the decisions I made, from choosing the wrong contractor to managing a property from across the country, and what I would do differently today.

You’ll hear the painful lessons that taught me to always verify work, set clear expectations, and never let optimism override due diligence. This story isn’t just about losing money — it’s about growth, learning, and becoming a smarter investor through hard-earned experience.

Timestamps

(00:00) - Intro

(01:15) - My first out-of-state house flip

(03:45) - Contractor red flags revealed

(06:50) - The moment everything unraveled

(08:40) - How I recovered from losing $30K

(10:55) - Lessons from costly mistakes

(12:30) - Why mentorship saves investors

About the Show

On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.


Resources & Links Connect with David Pere
  continue reading

323 episodes

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