Episode #483
Put Your Vacation Rental on Autopilot with Hospitable:
https://biggerpockets.com/hospitable
Episode Show Notes:
https://www.biggerpockets.com/podcasts/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
Buy James’ New Book “The House Flipping Framework”:
https://store.biggerpockets.com/products/the-house-flipping-framework?utm_source=youtube&utm_medium=mention
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
Flipping Houses: How to Get Started and Everything You Should Know:
https://www.biggerpockets.com/guides/how-to-flip-houses?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with James:
https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Ashley and Tony:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
Can you still make huge profits from real estate in today’s market? While high interest rates and inflated home prices can make it difficult to find a cash-flowing rental property, there’s another strategy that delivers big returns—if you can stomach the extra risk: house flipping!
Welcome back to the “Real Estate Rookie” podcast! James Dainard is a master house flipper, co-host of the “On the Market” podcast, and, most recently, author of “The House Flipping Framework.” With over 18 years of real estate investing experience and more than 3,500 projects under his belt, James knows more than a thing or two about this lucrative investing strategy. Today, he joins the show to share a few tips from his new book—like how to find the right deal, choose high-quality contractors, and keep your project on budget!
Whether you’re new to flipping houses or you need help with home renovations, this episode is loaded with advice to help you start and stand out. You’ll learn everything from choosing a market and analyzing distressed properties to building your team, estimating rehab costs, and more!
00:00 Intro
01:11 Planning Your Project
05:48 House Flipping Returns
14:39 How to Choose a Market
19:11 Building Your Team
26:06 Estimating Rehab Costs
36:09 3 Tips for Selling Flips
39:49 Connect with James!