I Lost $100K On This Flip - Learn From My Mistake!

In this video, real estate investor Omar Alfaro talks to you about the time he lost $100K on a flip and he wants you to learn what he did wrong so you can learn from his mistake!
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Have you ever lost money on a real estate flip? Join us as we hear from Omar Alfaro, a seasoned real estate investor, who shares his personal experience of losing $100K on a flip. In this video, Omar shares his valuable insights on what went wrong and the lessons he learned from his mistakes.

Omar takes us through the entire process of the flip and highlights the key mistakes he made along the way, from inaccurate market analysis to underestimating the cost of renovations. He shares his tips on how to avoid similar mistakes and offers advice on what you should be doing to minimize your risk when investing in real estate.

Whether you're a seasoned flipper or just starting out, this video will provide you with valuable information to help you avoid costly mistakes and make better investment decisions. So, join us as we learn from Omar's experience, and don't forget to hit the like button and subscribe to our channel for more great content like this!
Find me here and let's get connected :

Website : omaralfaro.com
Facebook : https://www.facebook.com/omar.alfaro.71
Instagram : https://www.instagram.com/investwithomar

TIMESTAMP
0:00 - Introduction
0:18 - Real estate investing ups and downs
1:06 - Market appreciation and the crash
2:05 - Investing in an unknown market
3:01 - Impact of COVID on property values
3:36 - Story of losing money on a property
5:45 - The importance of a strong stomach
7:22 - Choosing the right profession
7:48 - Investing in a familiar area
9:15 - Lessons learned and closing thoughts

#realestate #flip #advice