Source: saintpetersburgtimes.fl.newsmemory.com
Home flipping is still a very risky investment, particularly for the novice and uninitiated. You have to be very thorough with the ability to close quickly with all-cash in order to have any shot of even acquiring the home, often times with little or no due diligence. It’s very easy to lose your entire investment on your first flip.
Vertica Partners has purchased and renovated nearly 1,000 homes throughout Florida over the past few years and sees first time investors fail significantly more than they succeed.