4. The Strategy

4 lessons

1. Lesson 1 · article Assessing the Property: The 4-Part Scope of Work Framework

   TLDR: Most flipping mistakes don't happen in the work. They happen before the work starts. The scope of work is your strategy, and it comes down to four sections every single time: Safety/Liability, Bleeding, Baseline, Big Three.

2. Lesson 2 · article The Larossa System: 6 Phases, Blocks, and the Art of the Audible

   TLDR: The Larossa System is a dummy-proof project management framework built to stop one thing: going upstream. Six phases, interior and exterior blocks, jobs that live inside those blocks. You complete one phase before starting the next. That's it. Everything else is an audible.

3. Lesson 3 · article SMART SOWs: The 7 Flip Types, the 3 Mistakes, and How to Build a Budget Fast

   TLDR: Before you build a scope of work, you need to know what type of flip you're doing and what traps to avoid. The 7 flip types tell you where you're starting and ending on the Scale of Livability. The three mistakes (The Mirage, HGTV Dilemma, Give a Mouse a Cookie) are where most people lose mone

4. Lesson 4 · article Budgets: Financial Contingency, The Juice, and How the Jobs Menu Actually Works

   TLDR: You are not bidding out a project. You are setting a budget. The difference matters. Budgets are targets you manage against. Bids are someone else's numbers you're at the mercy of. Add a 10% financial contingency. Understand how to price jobs. Know when to put juice on the rehab number. Then g