Lex Levinrad Real Estate Investor, Speaker, Author & Mentor

One of the biggest challenges for new investors who are looking to get into fixing and flipping houses, is the fear of not having a good contractor to do the work for them. I have seen this fear stop investors dead in their tracks, even when they have a good house, and the money lined up to buy the house. The fear of not knowing a contractor that will do the work or how much it will cost will prevent many new investors from pulling the trigger and moving forward on the deal. Don't let this fear of paralysis analysis stop you from doing your first fix and flip. The best way to overcome fear is with education and knowledge. Start out today by learning the basics of estimating the material costs by taking a visit to your nearest Home Depot or Loews Store. Allow yourself around 2 hours for this exercise and make sure you take your notepad and a calculator. Go through each aisle and take note of the material components that you will use for each room in the house. Write down the costs of flooring, cabinets, faucet