My Mistakes Are Piling Up! | First Time House Flipper 2023 Episode 3
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- Опубликовано: 25 июн 2021
- 👀 WATCH THIS NEXT: Why I stopped buying single family real estate (& started playing pickleball!)
• I Stopped Investing in...
Goodness gracious.
If you've ever tried something new, you know that you're not always good at it right off the back.
This summer, I'm transitioning from wholesaling real estate to house flipping. I'm a first time house flipper! (Well technically I'm not "flipping" them, I'm using the BRRRR strategy to buy and renovate them and keep the properties as rental property).
But the mistakes are starting to pile up. You might think, "what are the risks of real estate investing", well, I'm about to show you!
Learn wholesaling from me on Zoom at my Beginner's Bootcamp
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/ liliinvests
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Watch these next
- The First Time Flipper Complete Playlist
• Wholesaler to House Fl...
- How to Start Wholesale Real Estate (Step by Step Guide)
• The Ultimate Guide to ...
Read these
Listen to them on Audible for free: amzn.to/2Xgfc0l
Read them on Kindle for free: amzn.to/317xhii
- Richest Man in Babylon: amzn.to/2Bq7A3u
- The ABCs of Real Estate Investing: amzn.to/2zTE4mg
- The Book on Rental Property Investing: amzn.to/304Q917
- The BRRRR Investing Book: amzn.to/3gQRteB
- Rich Dad, Poor Dad: amzn.to/38PeIDe
- The Millionaire Real Estate Agent: amzn.to/300H4pN
- Never Split the Difference: amzn.to/2IdouWH
some of the above links may be affiliate links, meaning I make a small commission on the sale at no extra cost to you
As a state license contractor and RE investor i can tell first hand you have done well. You have the drive and determination to push through the process that comes only by working through solutions at every turn.
I talked to a flipper and she said she bought a ozone generator and anytime there is a funky smell she uses it and gets rid of all odors!
This is a great tip! Thanks for sharing!
I love your roll-with-the-punches attitude, Lili! I know it’ll serve you well.
In the first house we bought, the second unit’s sewer line was connected to its own old rotted out collapsing wooden container that eventually filled up. Man, was that nasty. We will always do a sewer inspection from now on.
Great Job Sweatheart!!! YOU WERE made for this! You are such an inspiration....especially in the black community - Whether you are old or young....male or female. You are so down to earth and easy to relate to. I wish you and your brother "Ultimate Success, Happiness and Abundance".
❤ 💪 🎉 👊
I’m pissed for you. That last contractor left you a mess girl! You’re quick on your toes and very resourceful so I have no doubt it’ll come out dope. Thanks for sharing the ugly side of the process. We appreciate you Queen!
I'm 5 minutes into this video and I have to comment. Keep that same positive energy and get it done and done right. I believe in you. And I love these videos 50 times more than the wholesaling videos. This is the same journey I'm embarking on.
Thanks so much! More to come!
Job well done, I'm so proud of you and to see you are teaching yourself. Great job.
THANK YOU for sharing your mistakes authentically. These are the type of things new investors need to be aware of. You're killing it anyway. Keep up the good work👍
✊🏾✊🏾
Right! I’m loving it!
You did pretty well . I almost got a heart attack when the lady came to the car to ask for your identification! I thought she was going to say they are sold out 🙄🙄. You are a great inspiration girl job well done.
Lmbo "we did it Joe!" lolol 😂 🙌🏾 congratulations on your success thus far. 😉
Keep your head up, you already know what will come from the energy of these frustrations
I admire your patience and really grateful for you taking the time to explain this exciting journey. Great work so far, can't wait to see the end result🙌🏾
Right! I’m hooked! Binging everything tonight😂
Can you make a video talking about how important the small details to insure you aren’t delaying your process like checking the materials upon delivery to make sure they are right
Good morning Lili I just heard your BiggerPockets interview. It was fantastic. I was super excited to hear you’re in Tulsa since we just purchased our first property there. I would love to get added to your buyers list. Keep up the amazing work.
Thank you so much!!
Just so happened to see this on my feed, and I want to applaud you for doing this! So raw and authentic! Highly appreciate you for being a black Queen attacking your goals head on and teaching others as you go along! Blessings and would love to network with you potential JV!
Another way of accessing the shower valve without ripping out the tile, is to access it from the opposite side of the wall. Which is usually a sheet-rocked hallway or bedroom and even better a closet. It’s easier and much less expensive to open and repair sheet rock as opposed to ripping out and repairing tile. If it’s a closet, that’s even better because, a spring loaded access panel can be installed, for future easy access, instead of closing the wall with Sheetrock.
Great to see your growth as an REI!
That’s a lot of stuff.
Much respect & power to you for showing the grit behind the glamour.
Your attention to detail is impeccable! This was so helpful!
You're an inspiration
I really appreciate how you bring us along to see everything that you're learning in your journey as we learn along with you.
Thank you for documenting your investing journey! I’m almost about to start mine ❤️
Good luck! Keep us updated😊
Thank you so much "Queen" for sharing the pros and cons in this business! It truly helps and educates others who will be following in your footsteps! You are admired and appreciated!!🥰👍🏾😉
Your channel is like drugs for great information. I am going through all you videos to learn from your experince. What a channel!!! Love it!!!
I’m a PGC grad. I’m really interested in learning about real estate. Gave you a follow!
Thank you for sharing really pushes me to do the same.
I can't wait to start my journey, I will be enrolling in your boot camp. I feel good about it because you're in my hometown and will know the culture in our area.
I look forward to supporting you on your journey!
one of my buddies has a few single family homes and has had smelly tenants move out. The smell didn't leave with them, and he used an OZONE machine.. it worked incredibly well. Just be sure to follow instructions and noone can go inside for a day or 2. It should help eliminate the smell initilally. I hope this helps!! they're only 80 bucks on amazon, they work.
🙌🏾🙌🏾 thanks!
I’ve been here for a little while but have watched many of your videos and LOVE them! Entertaining, personable, and very informative. Your realness and great personality are a bonus! Thanks for all the info :)
Lili...keep doing your thing!! It's all a learning process! You got this! I also just got started in the game and I appreciate all of your help and realness... Thank you for documenting your journey.
This was one of my favorite episodes. You really are learning a lot and thanks for allowing all of us to make them with you
Glad you enjoyed it!
+1 on the sewer line snake. Just learned my lesson on that this week - sewerage backup into the basement! From now on, every property is going to get snaked when purchased.
🙌🏾
I love the transparency! Thanks for sharing your journey!
It's inspiring that you're handling all of this by yourself!
I Can't wait to see the finished product! 😀
My partner and I were thinking of buying our floors little by little but we thought something like this would happen... where we were scared if it got discontinued. That's horrible that it happened to you but I'm sure you'll make it work. Great content BTW 😊
You are so unique! Sharing your journey the way you are, and have been, is not only informative, but also inspirational. You definitely should have your own show!! I am happy to see your fanbase growing. It shouldn't take long before you get offers. You are one of a kind! We are blessed to be able to share in your experiences! THANK YOU!
I don't think kitchen cabinets held up by them screws..I believe he put screws on the line so he can rest cabinets on them then mount screws in inside cabinets usually done that way if you work by yourself.
EXACTLY.
I am late but I like the third house colors and setup. Also, you're succeed because you are willing to be a student in every process. Great content!!
It's so cool to see a Black woman investing channel! Subscribed and inspired, keep going!
As always, lilly keep grinding! God Got You! He Blessed you with the Talent, Charisma, IQ & A Beautiful Strong Spirit! I love that Intuition! ❤️🙏💪
another great detailed vid! Thanks for sharing all this part of your journey Lili
There are so many details! Thank you for sharing your process and progress with us. Slowly but surely 👌🏾
This one is great. I love it, Thanks
Love this video and series!
great videos, just discovered our channel not long ago so far I like your content! keep it up! Cheers from Montreal Canada
Killing it so far ! About time to invest in a pickup since your so involved in the projects. lol
keep up the good work !
I love this! You were definitely a huge inspiration to why I started my investor channel as well and to see the amount of growth you have done has been phenomenal. Keep up the work through good and bad
i love how you take your mistakes as learning experiences. I love watching and learning from your videos. I think I even heard you on a bigger pockets podcast???? you're a rock star! keep making these videos so we can all keep learning from you. :D
Yep you did!
Great Video!!! Turning those Losses into Lessons!!!
✊🏾
This is so helpful and inspiring! Thank you
Super helpful content!! Looking for my first house to live in rehab and I’m going through your videos taking notes!!
Thanks for being so authentic about your journey. Me and my husband are searching for our first flip. I’m lucky cause he works in construction 🚧. But you are so transparent and taking things in stride. This will help so many. Also I subscribed immediately! 😆I need to know how all this ends.
Also when you buy floors it's better to have extra than not enough. You can always take extras back and get your money
You are the best Lili I am starting in this business and for me it is very difficult because English is my second language even so I will not give up my dreams
I really enjoyed watching this video. Your explanation of the process you're undertaking, sharing the renovation challenges and how you addressed them, is not only informative but a joy to watch. I commend you on your resolve, and go get it spirit. I'll be checking out your past and future videos.
Wow thanks so much! Glad to have you as part of the channel!
You really bouta have the game in a choke hold 💯💯
Awesome video! 👍🏾
Great Work keep it up
You Got this!
" Calia" love the name!
Looks great!!
Thanks for sharing
Love her videos !! Learning so much
Glad you like them!
I love that fire place in the duplex.
Authenticity is your value ❤️👌💯🏆
Look at you doing your thang!@@Go LiLi keep it up !!!! I'm right on the side of you.
Keep your head up my friend
That duplex is pretty nice 🔥
Lili, you’re helping so many investors like me!!! Thanks so much for sharing your experiences so we don’t feel so lost. I’ve been investing for 3yrs- but I still haven’t closed even my first deal. I’ve been paying for prop stream, auto dialer, carrot investor websites, virtual assistance, and cold callers…I don’t know what to do next, but I can’t quit! I’m all in, But with no results, I’m getting frustrated and wonder if I have what it takes…I know you are super busy, but if you ever find a moment to reach out sure would appreciate a peptalk
Wow I thought it would just be one house but you are killing it
To get rid of the smell from the second house I'm assuming that it's coming from the roots in the sewage line so once you've taken care of those roots, there's two things you can do: get an ozone machine and run it in the house for a couple of days. Then there's a special kind of paint you can use on the walls as primer. I think it's called Kilz? Two or three coats of Kilz and that should get rid of the smell completely and then you can finish the painting.
Always buy more material than you need. The unused portion can always be returned.
2022.....I'M COMING Lili...... I know how to find great deals in decent locations for cash and I know how to fix them...I'm just waiting on these building materials prices to level off a bit more and I'm OFF TO THE RACES.....lol....bless you sweetheart and keep doing great things.
Lili, thank you for your content, I just came across your channel and I'm so happy I did. May I ask how you found your contractors?
Unless you painted yourself, your printer is supposed to know they have to take down stuff to ensure full coverage.
Very good content , want to learn from you
I’m sorry but I could not hold back my tears when you were talking about the cabinets. I cried laughing. Wish you the best of luck tho! Loyal sub here! Keep doing your thing Lili 🤝
going strong
Cool stuff! =]
I just found your vlog- thank you for everything you put into it. It is entertaining and very informative. I know nothing about real estate - but did you have the house inspected before purchase- shouldn’t an inspector have found the roots in the toilet hole ? 🤷🏽♀️ l am proud you are realizing your dreams. Blessings and continued success!
This is very inspiring. I wonder how can I find a GC I can vet and trust
You are very good and so professional!!! You only look about 25. I said to myself maybe she started doing this as a teen lol. Either way I'm here for it AND I appreciate you. Thank you! #NewSub 👍👊🙂❤🤗🙏👏👏👏
(CON)tractors..😤🤦🏾♂️🤔🤯😱
Watching your journey is very inspiring...same boat wholesaler looking to transition to flipping. Keep it up!
On house #3, the contractor seems to be covering up the nosing on the stairs. That's a mistakes. That little piece is required and has a code minimum.
Hi, I am really enjoying your videos! You took on more than one property at the same time as a newbie; that's impressive! What gave you the confidence to do this? Also, did you have the same construction crew working all properties?
I understand the desire for budget and flooring consistency in the duplex, but I'd be concerned the tenants will slip on that LVP.. that stuff is slick.
Nice investments! Do you think it’s more worth it to find fixer uppers rather than look on the MLS?
I'm wholesaling and my goal for the next year Is to start flipping houses.
I liked the video! What interest rate did u get for the loan to buy and renovate
Is there still a way to access your deal calculator? I didn’t see it on your website, maybe I’m missing it?
I would be sooooo pissed!! You handled it like a pro!
Love the UK Accent
The previous contractor is a walking disaster, but great job on your part and thanks for posting!
If you are buying lots of materials yourself sign up for home depo pro. You can be a homeowner or handyman doesn’t have to be a commercial business
maybe I would of waited on that front door. its going to get dinged with people going in and out with material possibly
Just cut that quarter round at an angle then you can make an angle 90 degrees - your contractor should know this
Can you create a crowd funding
I'm sure people would love to work with you
Hello Lilli happy new year, quick question when you do the refinancing you do in your company name or you do on your name, thank in advance god bless you
I would like to know what were you doing before to get were you are now
My mom got flooring for our home from home depot that was discontinued and we are stuck with unfinished flooring
ahhhh tragic