Pace Morby and Spencer Bishop talk about common problems that often arise in fix and flip transactions and how new investors should be wary when jumping into big flix and flip deals. Through buying a car wash, Spencer recounts the multiple issues that occurred while he was closing the deal and the skills he has that allowed him to structure the deal effectively. There are a lot of issues that happen during fix and flips that experienced investors know how to handle, such as permits and contractors problems. On the other hand, Pace and Spencer also talk about the difference between fixing and flipping versus buying and holding. Which strategy should you choose? It depends on how experienced you are and when you want to get paid. Can you wait to get your money or do you want a quick turnaround? Do you have the necessary skills to avoid losing money or are you new to real estate investing? Pace and Spencer discuss these questions and more in this follow-up car wash episode. Connect with Spencer: https://www.instagram.com/spencer.bishop_/ ► Join The Subto Community: http://joinpacescommunity.com/yt ► Join Our Free Facebook Group to Connect with Spencer: https://paceapproves.com/freefb-yt ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ⬇️ Get My Exact Wholesaling Contract For Only $1 (I Paid Thousands) ⬇️ https://paceapproves.com/wholesalecontract 🔌 PLUG IN & SUBSCRIBE 🔌 ✌️ Follow Me On Instagram: https://www.instagram.com/pacemorby/ ✌️ Follow Me On TikTok: https://www.tiktok.com/@pacemorby Chapters: 0:00 - Intro 0:15 - Experienced Investors Gameplan 4:33 - Problems with Fixing and Flipping 6:46 - Why Not Just Flip the Property? 7:30 - Problems During Transaction 9:49 - Acquiring Skills ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️ 🚧🚧🚧 DISCLAIMER 🚧🚧🚧 ❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY ❎