He Was About to Lose $85,000 on His First Flip

Описание: Fix and flip real estate walkthrough in Asheboro, NC — see a first-time investor’s $85K house flip, full rehab breakdown, contractor lessons, ARV analysis, and real profit numbers.

In this video, I break down 8 key fix-and-flip lessons that can save you time, money, and stress on your first real estate flip. We cover purchase price, rehab budget, ARV, contractor mistakes, financing, and how this first flip is projected to net around $85,000.

👉 Highlight: The biggest mistake beginners make is giving contractors leverage — and it can cost you tens of thousands. We show you how to prevent it.

⬇️ RESOURCES ⬇️

👉 Deal Pro Coaching: https://DealProCoaching.com

👉 Deal Pro Academy (DIY): https://dealproacademy.com/yt

👉 Watch More Real Student Deals Here:    • Asheboro House Flip Playlist  

📲 Tap In with Jamel Here:
https://linktr.ee/jamelgibbs

💬 QUESTION FOR YOU:
What would you do differently on your first fix and flip — contractor payments, rehab scope, or design upgrades? Drop your answer below 👇

🎯 CHAPTERS:
0:00 Flipping isn’t HGTV (the real stress)
0:43 Meet Patrick: his first flip in Asheboro, NC
1:01 Demo + rewire + HVAC: where the rehab is right now
1:32 Kitchen layout changes (opening walls + bigger island)
3:35 The “major systems” checklist (roof/HVAC/electric)
3:53 Living room redesign: making it open concept
6:03 The biggest problem: reworking the upstairs bathrooms
7:52 Plumbing plan + double vanity + layout math
10:14 Shower + tile choices (white & gold theme)
12:09 Coach advice: stay neutral (don’t overspend on design)
14:04 Where to spend money (kitchens + baths)
15:36 Upgrade tip: oversized showers sell
17:35 Don’t forget vents (costly mistake warning)
18:19 Master bedroom + porch plans
19:00 Septic limits: why it’s “3 bed + bonus”
20:05 Flooring plan: carpet upstairs, LVP/tile downstairs
21:45 Keeping character: walls + stone/fireplace decision
22:27 Downstairs mini-split + bonus rooms
23:37 Basement half-bath code concerns (door/vent options)
26:39 The numbers: purchase price, ARV, rehab budget
27:36 Biggest mistake: telling contractor your max budget
28:06 What he did right (buying right + licensed GC)
29:16 Trust but verify (license/insurance + being out of town)
30:08 Surprises: septic + clogs (nothing budget-breaking)
31:04 The hidden cost: slow contractor = interest eats profit
33:43 Where it went wrong: communication + updates
34:25 Contractor payments (why big deposits kill leverage)
34:59 Advice: milestone-based payments + tight scope
36:32 Mindset: first flip = learning, not defeat
37:31 The result: ~$85K profit on his first flip
37:44 His bigger why: changing his life with one deal
39:32 How fast it happened: 3 months from coaching to deal
41:35 Final message + how to get coaching

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📢 Earnings Disclaimer:
The statements in this video are not to be interpreted as a promise or guarantee of earnings. Your results will vary based on effort, market conditions, and execution.

📎 Affiliate Disclosure:
This description may include affiliate links. If you purchase through them, I may earn a commission — at no extra cost to you.

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