I Lost $250,000 Flipping Houses Don't Do This

Name: I Lost $250,000 Flipping Houses Don't Do This
Uploaded: 2026-03-06T13:01:21+00:00
Duration: 38 s
Channel: Nathan Payne
Description: In this excerpt, Nathan Payne explains how he shifted from wholesaling to fix‑and‑flip during the COVID‑19 pandemic after seeing other investors succeed…

6 Mar 2026 · 1 min

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In this excerpt, Nathan Payne explains how he shifted from wholesaling to fix‑and‑flip during the COVID‑19 pandemic after seeing other investors succeed. He describes the initial success of his flips, but then details a massive $250,000 loss when interest rates rose, which dramatically increased financing costs and eroded profits. Payne contrasts this loss with wholesaling, noting that wholesaling rarely incurs such large debts because the primary expense is marketing, not large capital outlays. He uses the experience to highlight the heightened financial risk of flipping compared to wholesaling.

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nationwide, all virtually from my laptop. And I decided to get into fix and flipping during COVID right? Because all these properties I saw, all the people that we were wholesaling deals to, they were crushing it. So I was like, okay team, let's start flipping houses. So we were flipping houses and we were crushing it until the interest rates went up and we got rocked. Okay, I think we lost $250,000 on fix and flips. All right, now that is the biggest losses I've taken in my business, and I've never taken losses like that in wholesaling because you can't spend your marketing, you can't spend yourself into $250,000 $100,000 in debt in wholesaling unless you're just dumb, right? Unless you're just trying to market so much and you can't even close deals.