Tarl Yarber lost $150,000 house flipping in 2022. And even though he’s an expert flipper, doing more house flips than most investors will ever do, Tarl still screwed up. His mistakes cost him a six-figure sum that he was forced to eat. But just because Tarl made these mistakes doesn’t mean you have to, too.
Tarl has six pieces of advice to share with ANYONE who’s trying to flip houses in the 2023 housing market. If you don’t follow his advice, you could lose more than he did and end up years behind where you want to be. Don’t take a loss like Tarl; take the lessons he learned and use them TODAY so you don’t flop your next flip.
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How to Start Flipping Houses:
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When House Flipping Goes WAY Over Budget (Before & After):
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Connect with Tarl on BiggerPockets:
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Follow Tarl on Instagram:
@tarlyarber or https://www.instagram.com/tarlyarber
00:00 Flipping Houses in a Correction
02:40 The First Failed Flip
05:17 1. Don’t Have the Highest Price
06:26 2. Assume More Days on Market (DOM)
08:33 3. Offer Seller Concessions
11:20 The Second Failed Flip
13:30 4. Watch Your Rehab Costs
14:36 5. Know Your Role
16:04 6. Renegotiate with Contractors
17:26 Ditch Your Bad Flips!