Better Than Success Podcast

In episode 115 of the Better Than Success Podcast host Nicole Purvy talks her top 7 Real Estate Rehab Mistakes. Nicole Purvy talks about her most recent real estate "flip" investment. She explains some things she learned during this journey that could be helpful to anyone who is interested in/or currently doing real estate flips. Top 7 Mistakes on Nicole's Real Estate Rehab Project Knowing the process of buying a REO property When buying a REO (Real Estate Owned) property/bank owned property, you have to be prepared to not close for a while. The process may take up to 6 months just for the bank to process the deed properly.  In Philadelphia, it can take 4-6 weeks to get gas services turned on In this episode, Nicole shares her experience of not being able to get the gas turned on right away slowing up the process of closing on the projected closing date. Understanding the importance of getting a mortgage commitment date When rehabbing a property it is important to push a mortgage commitment date simpl