How to Start Flipping Houses as a Beginner! [STEP BY STEP]
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- Опубликовано: 7 июл 2024
- Here’s EXACTLY How To Start Flipping Houses as a Beginner!
Alex Martinez & Stan Gendlin, veteran real estate investors, share their proven step-by-step process to help you successfully fix and flip your first house. This comprehensive guide is perfect for beginners looking to break into the house-flipping market with confidence and expertise.
In this video, Alex and Stan cover:
🏠 How To Fix & Flip A House: Learn the complete process from finding the right property to executing a successful flip.
✍ Essential House Flipping Tips for Beginners: Fundamental tips and techniques to start your house flipping journey and the best practices to fix and flip houses profitably and efficiently!
🏘️ How To Flip Your First Home: Discover essential strategies to navigate your first house flip, ensuring profitability and minimal risk.
🔨 6 Steps To Guide Your Rehab Project: Follow our detailed six-step plan to manage your rehab project efficiently and effectively.
This video is tailored for those new to real estate investing, providing actionable insights and practical advice to help you start flipping houses with ease. Whether you're looking to understand how to flip a house, learn the ins and outs of fixing and flipping, or get step-by-step guidance, this video has you covered!
• Step 1: FUND IT! Learn the art of flipping houses with zero upfront capital and discover strategies to connect with investors offering fix-and-flip financing.
• Step 2: FIND IT! Uncover effective methods for identifying properties in need of renovation, maximizing your potential profit in the house-flipping venture.
• Step 3: ANALYZE IT! Master the intricacies of assessing a fix-and-flip opportunity. This includes understanding the After Repair Value (ARV), accurately estimating renovation costs, and determining the ideal purchase price.
• Step 4: BUY IT! Gain insights into the process of acquiring a house for flipping, and understand the key steps involved in successfully closing a house flip deal
• Step 5: FIX IT! Dive into the comprehensive guide on executing a successful house flip. We’ll provide a detailed scope of work and share best practices for efficient home renovations.
• Step 6: SELL IT! Explore the art of selling a house flip to maximize your profits and ensure a swift and seamless closing process.
👇 Check out the links below to stack your knowledge of wholesaling & rehabbing!
🏠 Watch our FREE Training on How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing Here:
www.realestateskills.com/trai...
🥇Apply To Our ULTIMATE INVESTOR Program & Learn How To Start House Flipping:
➡️ realestateskills.com/ultimate...
✍️ Check out our Pro Wholesaler VIP Program for building a successful Wholesaling Business:
➡️ realestateskills.com/pro-whol...
TIMESTAMPS:
00:00 Introduction
02:34 Step 1: FUND IT!
20:07 Step 2: FIND IT!
33:34 Step 3: ANALYZE IT!
46:17 Step 4: BUY IT!
52:17 Step 5: FIX IT!
57:26 Step 6: SELL IT!
👋 Say "Hi!" on Social & Join our Community:
💻 Website - realestateskills.com/?el=htfahfb
📈 Program - realestateskills.com/pro-whol...
📸 Instagram - realestateskill...
📱 TikTok - / realestateskills
🐦 Twitter - / realest8skills
👨🏽💻 Facebook - / realestateskillsdotcom
👉 Find Stan Here:
💻 Website - vanrockre.com/
📸 Instagram - / stangen9
💙 SUBSCRIBE TO OUR CHANNEL & CRUSH IT AT REAL ESTATE!
➡️ ruclips.net/user/realestateskill...
#FlippingHouses #HowToFlipAHouse #realestateskills
📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.
🔥Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: realestateskills.com/training?el=htfahfb
i’m 15 years old hoping to learn more about real estate before I turn 20. Thank you for your channel!
Hey there! You came to the right place to learn how to wholesale & flip real estate! Way to get started while you're on the younger side! Please shoot us a subscribe when you get the chance. We'll keep coming out with content on all things about real estate! 🏘👍
This video opened up my mind to how I can finance my first flip! Thank you Alex and Stan! You always deliver gold on your channel!
We're happy to help, Khan Wick! We appreciate the kind words. 💙
Cheers! 🏠
Thanks for the content guys!! I'll be heading over to your site to check it out!!
You're very welcome, @johnlaseter9434! 🚀
The best video ever! Thank you!
We're glad you thought so, Antonio Rocha! 🚀
Cheers and happy flipping! 🏠
Awesome video, thank you!
You're very welcome, @ErikgA47!
Cheers! 🏠
Thanks so much Alex and Stan I will be doing my 1st deal soon and this helped so much. I will study this video throughout the next few months as I assess and execute
We love to hear that, Orease Defreitas! Let us know how your 1st flip goes and what about our video was the biggest help to you.
Cheers! 🏠🚀
Awesome tutorial! Breaking the entire process down step-by-step. Your tips on identifying a good flip and avoiding mistakes are super valuable! Keep up the great content!
Thank you for he positive feedback, Sosa 300! It's always good to hear from you in the comments. What was the biggest take away for you?
Cheers! 🏠
@@RealEstateSkills I really enjoyed step 1, financing the flip, I had no idea there were so many options! Inching closer to that 51% 😉
@TheSisUNeed It's not technically illegal to double close in Illinois. That being said I would always contact a local legal professional to ensure you're operating legally.
Hi! This was wonderful, wow. One question, at one point do you order the permits and how long do they normally take? From the moment you bring the GC during the inspection period.... do they order permit from there and then start demolition the day escrow closes? That is the only part I'm unsure about.
Hello, @bellalovkvist! The answer is that depends. This timeline is going to change based on the job and your local government. Some fix and flippers don't get permits, but we don't recommend this.
You will start ordering permits usually once you close on the property and if you're not familiar with the process I would lean into your local GC and pull from their expertise.
Cheers! 🏠
Where do we go to get a wholesale contract? Do you have one to share, or do you go to an agent ?
If you check out one of our recent videos there is an assignment of contracts resource in the video description. It also is a good video to give a watch before utilizing an assignment of contract. Here is a link:
ruclips.net/video/F6nDo-eNqYA/видео.html
Enjoy! 🙂
Can a wholesaler redact the assignment price from the contract between the seller?
Hello, @Kfig22! Yes, a wholesaler can redact the assignment price from the contract between the seller and themselves. Redacting the assignment price means removing or obscuring that specific piece of information from the contract.
This might be done for various reasons, such as to maintain confidentiality or to prevent other parties from knowing the exact terms of the assignment.
However, it's important to ensure that such redactions comply with legal and contractual requirements and do not violate any agreements or regulations.
Cheers! 🏠
super teachers
Thank you, esfere! What was the biggest take away from the video for you?
Cheers! 🏡
If i go to the money lender’s. / they lend money for certain years amount , know what would be the best Or how many years would be the best
@rigoleon5352 Can you clarify your question?
You are part of the problem. Only lazy homeowners who don't want to do anything value a flipped home more than the opportunity to make it their own.
You’re calling a homeowner who buys a renovated home “lazy”? What about the homeowner who works hard to earn a high income and would rather buy a renovated home than spend time fixing it? Sounds like an American who values their time. Not a lazy person. It’s all about a perspective.
I wanna FLIP 2day, 2night, 2morrow!! LOL Let me watch to see how much I need to get started !!
@CookiNupCONVERSATIONS We love the enthusiasm! One of the best ways to get started fixing and flipping is to wholesale real estate.
You should check out our free training here:
www.realestateskills.com/training?el=htfahfb
Once you've gone through the training you can schedule a call with our team and we can see if we can help you get started!
Speaking from experience flipping houses, knowing how to wholesale is essential to scaling your business. As your projects begin to spread you thin and you find good deals, rather than leaving that money on the table you will be able to wholesale and put some cash into your pocket.
Looking forward to hearing from you! 🙂
Cheers! 🏠
@@RealEstateSkills THaaaaaaaank YOU!!
💙