In this episode, Jay and I break down the exact checklist we use to decide whether a house is worth flipping. We’re not just talking about what’s inside the four walls—we’re looking at neighborhood dynamics, timelines, rehab complications, and resale realities.

We share stories from our own deals (wins and mistakes) and walk you through what to budget for, what red flags to look for, and how to analyze whether your flip will actually be profitable—or if you’re better off walking away.

Episode Timeline:

[0:00] – The flip-or-not framework we use on every property preview

[0:47] – Why what’s next door might kill your flip (true story)

[1:31] – Trashy neighbors, rentals, and the risks they bring

[2:13] – How crime and sex offender registries factor into our decisions

[3:30] – Pit bulls, fencing, and unexpected rehab budget line items

[4:17] – Neighborhood makeup: why 90% rentals might be a red flag

[5:02] – Timeline matters: how long will this rehab actually take?

[5:57] – Utility delays and what they’ll cost you in holding time

[7:10] – Why every big rehab needs a 15% cushion for unknowns

[8:02] – Scheduling trades: how delays compound fast

[9:10] – Are you managing the rehab yourself or hiring it out?

[10:18] – Can you add value through layout changes or additions?

[11:04] – Turning formal spaces into master suites

[12:33] – Comps, finishes, and how to check for resale strength

[13:14] – What to look for in sold properties and what it tells you

[14:20] – How to use sold data to gauge pricing and market speed

[14:51] – Final recap and action steps for your next deal

5 Key Takeaways:

1. The neighborhood matters just as much as the house itself.

2. Always build in time, money, and patience for the unexpected.

3. Strategic layout changes can boost resale value dramatically.

4. Strong comps and buyer demand should guide your budget and offer.

5. Flipping is a math equation—check the numbers before chasing the potential.

If this episode helped sharpen your flip analysis skills, follow, rate, and review The Real Estate Ride. And don’t forget to share it with a fellow investor before they make an expensive mistake.