House of Horrors: The Legal Podcast For Real Estate Investors

67. The Flip that Flopped

Bonnie Galam Season 2

Flips that flopped may seem like a thing of the past in this market with fast appreciation. But what happens when you gotta dig into your own pocket to sell a flip? This week’s horror story with James Ledbetter is an expensive lesson in partnerships, flipping, understanding the market, and contracts. 

In This Episode You’ll Learn:

  1. How to properly vet partners so you’re prepared for the good, bad, and ugly
  2. Why all contracts are not made equally
  3. The risks of jumping from one exit strategy to another

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// RESOURCES:

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DISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of Good Bones Real Estate Investing are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney

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