How I Lost $30K on My First House Flip
The Military Millionaire Podcast
Audio is streamed directly from the publisher (mcdn.podbean.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
In this episode, I share the full story of my first out-of-state house flip that went completely sideways — and how it cost me $30,000. I break down the decisions I made, from choosing the wrong contractor to managing a property from across the country, and what I would do differently today.
You’ll hear the painful lessons that taught me to always verify work, set clear expectations, and never let optimism override due diligence. This story isn’t just about losing money — it’s about growth, learning, and becoming a smarter investor through hard-earned experience.
Timestamps(00:00) - Intro
(01:15) - My first out-of-state house flip
(03:45) - Contractor red flags revealed
(06:50) - The moment everything unraveled
(08:40) - How I recovered from losing $30K
(10:55) - Lessons from costly mistakes
(12:30) - Why mentorship saves investors
About the Show
On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.
Resources & Links
-
Download a free copy of my book: https://www.frommilitarytomillionaire.com/free-book
-
Sign up for free webinar trainings: https://www.frommilitarytomillionaire.com/register
-
Join our investor list: https://www.frommilitarytomillionaire.com/investors
-
Apply for The War Room Mastermind: https://www.frommilitarytomillionaire.com/mastermind-application
-
Get an intro to recommended VA agents/lenders: https://www.frommilitarytomillionaire.com/va-realtor
-
Guide to raising capital: https://www.frommilitarytomillionaire.com/capital-raising-guide
-
Facebook Group: https://www.facebook.com/groups/militarymillionaire
-
YouTube Channel: https://www.youtube.com/@Frommilitarytomillionaire?sub_confirmation=1
-
Instagram: https://www.instagram.com/frommilitarytomillionaire/
-
LinkedIn: https://www.linkedin.com/in/david-pere/
-
X (Twitter): https://x.com/militaryrei