Augusta
VIP Contributor
You need to know from the onset that flipping houses is a stressful business. You would be emotionally stressed because truth be told no matter how the creative plan you have to carry out with the job, and no matter how much you try to reduce risks, things might still go the opposite way and maybe out of your control
Some of the problems that might bring emotional stress includes
Construction delays
The fact is that sometimes construction might be delayed especially when it isn't no fault of yours it can be really annoying and you would be in very high emotions because of anger
Missed deadline
You might experienced change orders and this makes you miss deadlines which will cut into your profit. it can very annoying too and if you don't put your emotions in check you can be brutal with the person that cause this.
Racking up bills
it can be emotional draining when you know that you are racking up bills and you have to borrow money outside to do the funding, the pressure will mount to complete the project so you can payoff the loan and expensive interest rate. All of these will keep you emotionally exhausted as you can't rest property until you have sold the property to pay off your debt.
Some of the problems that might bring emotional stress includes
Construction delays
The fact is that sometimes construction might be delayed especially when it isn't no fault of yours it can be really annoying and you would be in very high emotions because of anger
Missed deadline
You might experienced change orders and this makes you miss deadlines which will cut into your profit. it can very annoying too and if you don't put your emotions in check you can be brutal with the person that cause this.
Racking up bills
it can be emotional draining when you know that you are racking up bills and you have to borrow money outside to do the funding, the pressure will mount to complete the project so you can payoff the loan and expensive interest rate. All of these will keep you emotionally exhausted as you can't rest property until you have sold the property to pay off your debt.
