Some of the reasons:
- My cash is depleting rapidly as I have a negative cash flow of $3k per month holding costs
- I didn't assume any increase in value of my homes. I based this on the current uncertainty in the real estate market due to changes in interest rates and increased foreclosures.
- I increased the value of my flip by only the amount that I actually spent. Many articles about home improvement talk about how certain improvements return less than 100% of the cost of the improvement. Although I am hoping that we increased value by more than the cost (especially since we did most of the work ourselves), until I have a contract in hand, I don't have any real profit.
- My auto value decreased since I put a few dents in it with my trailer