Episode: Flipped, Fumbled, and Fighting to Close

Hosts: Kyle Fernandez, Brian Preston, David Ounanian

Episode Summary:

In this episode of Elevate and Execute, the team dives into the chaos of a recent flip deal gone sideways, highlighting the importance of knowing your contracts, preparing for worst-case scenarios, and navigating real estate deals with confidence. From over-the-top inspection requests to last-minute buyer fallout, they share a real-world story of how one seller nearly lost everything (and what they did about it).

They also discuss the tricky legal gray areas of lease-option buyers, final walkthrough issues, and how storms, yes, literal tornadoes—can derail closings. Full of lessons, war stories, and hard-earned advice, this episode is a must-listen for flippers, agents, and real estate investors.

What You’ll Learn:

• What to do when a buyer backs out days before closing
• How legal contracts protect sellers (and what to look for)
• The truth about buyer inspection negotiations
• Final walkthrough horror stories and how to prevent them
• Why working with experienced agents (and attorneys) matters
• Navigating tornado damage and escrows during closing
• Why Saint Louis’s contract structure is unique and how to use it wisely
• Creative deal ideas for solving last-minute move-out and funding issues

Notable Quotes:

“You’re not the buyer, so why are you calling me?”“He planned to make $20,000 on the flip. Now he’s just hoping to break even.”“Real estate: just when you think you’ve seen it all, a tornado hits your listing three days before closing.”“If you're writing contracts, you better know what you're doingor be working with someone who does.”

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