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Recently, the speaker shared an experience where they bought a property to Fix and Flip but due to interest rate uncertainty, they were unable to sell it at their projected price. They bought the property at $200, expecting to sell it for $415, but ultimately sold it for $360. Due to new interest rates, they predict selling the next property for $315, resulting in a loss of $20k. The speaker warns against Fix and Flipping unless buying properties at 40 cents on the dollar.
