I Flipped Million-Dollar Houses for Free. The Government Got Paid Instead
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She flipped million-dollar houses, opened the tax bill, and realized she'd done the entire flip for free. The government got paid. She didn't.
Flipping is a drug. Every closing hands you a massive check that wipes out the memory of the headaches, the lawsuits, and the fact that you just bought yourself another job. In this episode: why she left the stock market for tax reasons and walked straight into an asset class with the same problem, the four-house ceiling that had nothing to do with time and everything to do with money, and why she spent ten years in real estate without ever learning to raise a dollar.
Then the way out. The 22 businesses she and her husband put on a list, the three months of Saturdays spent debating them, and the gap she found in every multifamily team that made her the partner they needed. Plus the first raise, the building that burned down before closing, the bad partnership that taught her everything, and the 70 deals she underwrote to find one worth doing.
Speculation gets rewarded in a rising market. Operations get rewarded in every market.
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