Fix & Flip Budget Mistakes That Kill Profits – And How to Avoid Them

Flipping houses can be wildly profitable—but only if you keep your budget tight.

Many new (and even experienced) investors make avoidable mistakes that eat away their profit.

Here are the most common fix & flip budget killers—and how to avoid them:

1️⃣ Over-renovating.

You’re not building your dream home.

Keep upgrades consistent with the neighborhood, even if it means its not up to your personal standard.

2️⃣ Underestimating holding costs.

Every extra month costs you in taxes, insurance, interest, and utilities.

There’s also transactional costs on both the buy and sale side. Make sure you know everything you’ll be paying for!

3️⃣ Hiring the wrong contractors.

There are 3 possible kinds of contractors. 

Cheap, Fast, Good.

Pick 2, that’s all you get.

Vet your crew and watch timelines like a hawk. 

Make sure you get contractors that are right for the specific job because its not always the same.

4️⃣ Ignoring contingency buffers.

Always budget an extra 10–15% for surprises.

There will be surprises.

Its extremely rate for a project to come in under budget.

5️⃣ No clear scope of work.

Winging it leads to blown budgets.

Plan everything before day 1 and avoid scope creep no matter how awesome that walk in shower or upgraded counter top will look in the property. 

SLA Capital helps flippers stay on track by closing fast—so you’re not bleeding holding costs while waiting for funding.


✅ Loans from $55K+
✅ Funded in 72 hours
✅ No appraisals

100% Purchase + 100% Renovation for Premier borrowers

📲 Apply at slacapital.com
🛡️ Your quest for funding ends here.

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