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.
(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
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
