Flip or Flop—for his advice.El Moussa: I think all investors should be a little frugal. Frugal is putting in work to save money, but not by cutting corners.
A frugal flipper is someone that spends a lot of time shopping and negotiating deals, and getting discounts. They’re typically educated, or at least experienced, and they’re definitely professional. Cheap house-flippers, however, cut corners by painting over old wallpaper unprofessionally, attempting to do everything they can to save money.
They hire unlicensed or illegal workers who don’t know what they’re doing, like not laying tile and flooring right while actually ruining the house—often without the right permits. They’re typically not educated, not experienced, don’t act
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