Take a step back. Think of the PRINCIPLES first!
You need to take a step back and look at what is happening in the micro not the macro. For most people, if you’re flipping a couple homes, you’re looking at all the homes, you’re thinking big numbers. I want you to actually dive deeper into the properties, specific properties, look at the big issue and then break it down to the principles first. What are the main reasons you’re gonna lose money or this is a challenge and then have a solution for each one of those main reasons. The best way I know how to do that is to ask why five times. Why? Why? Why? Why? Why? And you will have no assumptions needs to be made, because you’ll have answers to those Why’s if you dig that down you’ll have a solution.
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