In this episode, John and Kyle discuss the costs involved in flipping houses and the

challenges that arise during the process. They emphasize the importance of

understanding the true costs and potential risks before getting into flipping. They break

down the costs step by step, from the initial purchase to the final sale, highlighting the

various expenses that can eat into potential profits. They also touch on the current

market conditions and how they impact the flipping business.

Key Takeaways:

• Flipping houses requires careful consideration of all costs involved, including closing

costs, repairs, holding costs, and selling expenses.

• It is crucial to accurately estimate repair costs and budget for potential overages.

• Market conditions and location play a significant role in the profitability of a flip.

• Real estate agents, lenders, and other professionals involved in the process should

be factored into the overall costs.

Quotes:

"Everybody who's ever walked into a Home Depot thinks they can do it." - John

Teixeira

"Labor is expensive now, and those construction costs have gone up significantly." -

Kyle Teixeira

You can listen to We Are TPM on any major podcast platform including Apple

Podcasts, Google Play, Spotify, and many more.

Tune in today!

We Are TPM

Teixeira Property Management

Mansfield, Texas

www.WeAreTPM.com

ShowMeTheMoney@WeAreTPM.com

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There are a vast amount of ways in today's world to build wealth using real estate and

investing, not just in property, but in yourself!

Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of

Teixeira Property Management bring you all of the knowledge and experience they can

provide for the confidence to achieve your investment goals, or how and why to create

them. Now, while John and Kyle have a ton to share, they will also be bringing you

interviews with some of their clients, industry partners, experienced investors, and

much more every week!

John and Kyle look forward to sharing the knowledge you need about arguably the

greatest investment vehicle that is available to the masses — Real Estate. Knowledge

is power, and John and Kyle intend to give you as much power as possible. It's not

always about the HOW, but also the WHY, and they will be digging into it right here

every week!