Murphy’s Law and Real Estate Flipping Houses

We can’t escape Murphy’s law. When you’re flipping houses, one of the most important things to know is how to establish solid cost projections. When you flip houses, aside from the purchase of the property, your costs are probably either your second biggest or in many cases, your biggest costs in the entire project. And if you get too cavalier with your financial projections, you can get into major trouble very fast.

Like our friend Murphy once said, when you flip houses, whatever can go wrong, will go wrong. The secret to combatting Murphy’s Law when house flipping is to: expect it, anticipate it, and have a plan for it.

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