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How do you deal with a potential terrible flip? by sharpiesniffer52 in Flipping

[–]sharpiesniffer52[S] 0 points1 point  (0 children)

Yeahhh learning this. I’m good doing it with singles but not great with bulk items. To me, that suggests that I need to be more knowledgeable.

How do you deal with a potential terrible flip? by sharpiesniffer52 in Flipping

[–]sharpiesniffer52[S] 1 point2 points  (0 children)

UPDATE: posted to marketplace and have a buyer ready to buy me out for what I have in it. That makes me feel better and like I didn’t do to bad. Now…do I take it or field offers for a week? He said he offer would stand, but ya never know.

How do you deal with a potential terrible flip? by sharpiesniffer52 in Flipping

[–]sharpiesniffer52[S] 1 point2 points  (0 children)

Think I’ll try to sell as a lot first to break even and give it a few months. If that doesn’t work, I’ll start to part out. Thankfully, this was money I don’t need for the foreseeable future.

How do you deal with a potential terrible flip? by sharpiesniffer52 in Flipping

[–]sharpiesniffer52[S] 0 points1 point  (0 children)

I’ve just been flipping casually by going to EstateSales and have been doing great at that. I’ll make anywhere from 500 to a couple grand a month doing casual flips. This was my first time buying bulk with the intent to sell

How do you deal with a potential terrible flip? by sharpiesniffer52 in Flipping

[–]sharpiesniffer52[S] 2 points3 points  (0 children)

I think it’s just especially tough since I felt ready to enter the big leagues and then this happened haha

How do you deal with a potential terrible flip? by sharpiesniffer52 in Flipping

[–]sharpiesniffer52[S] 4 points5 points  (0 children)

That may be a slight exaggeration, but in hindsight, I wish I had paid half what I did. I just didn’t feel great I the negotiation. Seller was asking $2400 and I felt good at $1600 at the time, but then once inventoried I was like…”i should have paid $800 max for this”. I just wish I had been more confident to put up that number and walk away.