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My first real estate flip in Edmonton went $15k over budget last month
I bought a fixer upper in the Highlands area thinking I had the numbers right. Got the roof opened up and found way more rot than the inspection showed. Had to call in a structural guy and that alone cost $4k. Then the windows I ordered took 3 extra weeks and I lost my good drywall crew. Did anyone else get blindsided on a local flip this year? How do you guys handle surprise costs without killing your profit margin?
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hunt.nora2mo ago
The roof rot thing is brutal, especially when the inspector misses it and you're already committed on the timeline. @the_anthony is right, that gut punch feeling just lingers through the whole project. I hope the flip still lands you in a decent spot after all that headache.
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