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ACIS Episode 14 - The Costly Flip
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The Alamo City Investing Show: Episode 14 - The Costly Flip
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Welcome to Episode 14 of the Alamo City Investing Show with your hosts, Aaron Bihl and Jason Lee. In this episode, Aaron and Jason break down a recent project where they ended up losing money. They provide a detailed analysis of what went wrong, the unexpected costs, and the lessons they learned from the experience.
Jason provides updates on their business activities, including a slow start to the month and the challenges of handling dispo without their key team member, Mark. The hosts also share anecdotes about dealing with challenging real estate agents and the importance of honesty and consistency in the business.
A significant part of the episode is dedicated to discussing a property in Converse, San Antonio, which turned into a costly flip due to unforeseen foundation issues and other complications. They delve into the specifics of the property's condition, the unexpected repairs, and the financial impact, offering valuable insights for real estate investors.
Tune in for a candid and informative discussion on the realities of real estate investing, the importance of due diligence, and the lessons learned from a challenging flip.
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