r/TheNetworkingLounge

honest question. On my first flip I budgeted 15% for contingencies and ended up using almost all of it. On my second I did 20% and still went over.

Latest one was a plumbing issue. Found a wet spot behind the dishwasher during demo. Classic. Called someone to check it out and they found more damage behind the tiles. had to reroute a couple of pipes and redo part of the wall.

Called a burst pipe repair sydney to come in with their camera gear and check the rest of the house just in case. Found a few more spots that looked sus but werent leaking yet. probably saved me from a future call from a buyer.

So now im wondering what everyone else does. Do you just accept that theres always something unexpected and pad your budget accordingly? Or do you do extra inspections before buying to minimise surprises? Feels like every house has hidden problems.

Let’s get to know who’s in the room.
Drop a comment with:
📍 State/Market:
💼 What you do: (Wholesaler, Investor, Agent, Lender, Contractor, Property Manager, etc.)
🎯 Current Goal: (Find deals, partners, buyers, funding, learn, etc.)
🤝 How can the community help you?

I’ll start:
📍 Currently building a nationwide networking community.
💼 Passionate about real estate, investing, and connecting professionals.
🎯 Goal: Build relationships in all 50 states and create a place where people can find partners, share opportunities, and grow together.
You never know who might be looking for exactly what you offer.
Let’s make some connections. 👇