How To Get Started With Flipping - AIJ041

Listen to our podcast on the GO!

This is Part-2 of the series where we'll cover how to get started in Wholesaling, Flipping, and Buy and hold.

In episode 41 of An Investors Journey Podcast, I want to cover How To Get Started With Flipping!

WARNING: We have met so many people that for one reason or another they want to start their real estate journey in flipping. This we believe is a very big mistake. Flipping is one of the riskiest, most advanced strategies in the real estate space. All of the risks associated with flipping houses cause many first time investors to lose their a$$. This tends to scare them away from investing in real estate altogether which we feel is another big mistake. This is also an issue for more seasoned investors too because they feel they know more than a new one. This causes them to make simple mistakes that end up costing thousands!

All of that being said, IF you still want to do it here's how to do it correctly.

In this episode I will cover:

Things to keep in mind when flipping
How to correctly analyze a deal before buying
Determining TRUE value
Setting up SOW
The actual flip process
Getting contractors
Buying/Sourcing materials
Remembering to budget in the exterior
The sale process
Listing the house
Finding the right agent
Speed matters

Listen to this episode a couple of times along with the episodes in Related Episode section below to become better prepared when flipping houses.

Check out this episode and please share it with someone you feel would benefit from it.

As always, if you have any questions just ask!

We have walkthrough videos of projects we have done and are currently working on. We share our scopes, pricing, strategies, problems, and successes. Check them out here
Related Episodes
Putting Together A Scope of Work AIJ006

How We Do More Deals Through Partnering AIJ007

The Difference Between Perceived Value and Appraised Value

Running Comps to FInding ARV AJI014

It's Not Your Contractor's Fault That...AIJ019

Why And HOW We Manage Our Renovations

How To Pay Your Contractors - AIJ036

If you find this valuable please SHARE 🙏

Hope you guys enjoy this one!

Keep sending us your questions! @prymehomes

Any questions email

Leave a Reply

Your email address will not be published.