Watch next: Flip Houses With No Money: www.youtube.com/watch?v=IiVzt... Flipping Houses for Beginners Playlist: kzfaq.info?list...
@lhrealestate54514 жыл бұрын
I am going through my first flip right now in Orange County. Nervous but excited!
@TransformRealEstate4 жыл бұрын
That's awesome! Good luck to you and keep me posted :)
@cyna11033 жыл бұрын
How did it go?
@lhrealestate54513 жыл бұрын
@@cyna1103 Still working on it!
@staceycohen73953 жыл бұрын
I freakn love your videos!!! You are so inspirational and I learn so much from you. I have a question that you may have answered before. When you walk into a space how do you estimate the budget you'll need to flip it? I'm taking about when you don't have too much experience (like me).
@JoseMartinez-og2pb3 жыл бұрын
Love your content. Thanks for taking the time to literally walk through all the steps explaining how each can get done.
@seanlovesrealestate4 жыл бұрын
Great video Elisa! As of August of 2020, expect to put down 15-25% of the purchase price as a down payment if you plan on purchasing it with hard money. You also need to have 6 months' worth of interest reserves in liquid assets (stocks, bonds, cash, etc..) as well as a way to finance the construction costs (either financed with a construction loan or as cash). In the Bay Area, this can come out to be around $250 K to $350 K depending on the purchase price and scope of work.
@TransformRealEstate4 жыл бұрын
Thanks Sean! Yeah, as I mentioned in the video, hard money lenders' funding guidelines have tightened since the pandemic. You make a good point that reserve is also needed. To beginners, it may sound daunting to have to put up a few hundred thousands into a flip, that's why I mentioned some alternatives to get funding and to wholesale the contract so you don't have to have that much of your own funds available.
@seanlovesrealestate4 жыл бұрын
@@TransformRealEstate Or find the right partnership where one party brings the funds and the other party brings the deal. The best deal I've done to date is the one we did together! :)
@TransformRealEstate4 жыл бұрын
Yeah, partnerships are great if you know and trust the other person. A wonderful deal brought us together :)
@walenayoussef92662 жыл бұрын
Hi, I am looking into purchasing my first flip house in the tri-state area’s but I’m completely lost and don’t know where to start. I’m hoping to find a mentor like yourself that could help mentor me through the process since I don’t really know anyone who flip houses. P.s your videos are great and very informative!
@TransformRealEstate9 ай бұрын
Thanks for your interest. I actually just launched my coaching program, Transform Flipper Academy, to teach you to flip houses the right way. If you're still interested, apply here: transformflipperacademy.com
@HardwoodFloorRefinishing3 жыл бұрын
Where do you find houses to flip? Are tax sales auctions a good place to buy homes?
@sergiorangel803 жыл бұрын
Thank you
@cvdpoll234 жыл бұрын
Very useful information. Thank you
@TransformRealEstate4 жыл бұрын
Thanks Karena! So glad to hear that!
@cdsfx3 жыл бұрын
Super video! You deserve more subscribers and views no doubt. Keep grinding it will come :)
@sergiorangel803 жыл бұрын
Hi good morning my name is Sergio Rangel and I’m going to start to flip houses and I’m learning a lot from your videos thank you but I have a question for you I hope you have the time to answer when you finish your projects I see you show the house with furniture how you do that? Again thank you for everything and have a wonderful day
@TransformRealEstate3 жыл бұрын
Hi! Nice to meet you Sergio! The furniture is from a staging service, so I pay for the rental of the furniture and accessories, and they are removed when the house is sold.
@weeum32163 жыл бұрын
@@TransformRealEstate Hi! How about all the junk and stuff inside the home? Do you hire a junk removal service?
@RichGard12 жыл бұрын
Hello, great video. I'm in the Bay Area also, Antioch, CA to be exact. Could you possible refer 3 hard lenders I can contact for possible approval? thx
@jamesg16524 жыл бұрын
So who puts up the ernest money if you're trying to flip with none of your own money down? Really trying to find a video with detail explanation from start to close.
@TransformRealEstate4 жыл бұрын
Like I mentioned in the video, you have many options, could be from a credit card, a HELOC or a retirement account, or friends & family, or a private money lender or an equity partner. To learn more about how to flip houses without using your own money, watch this: kzfaq.info/get/bejne/f8-Grdd4p9W3o2Q.html
@Raj1973USA4 жыл бұрын
Do u conduct classes to teach virtually .....or can I contact u thanks
@TransformRealEstate4 жыл бұрын
Hi! I don't have any classes, but my KZfaq videos are made to educate people on real estate investing. You can comment on my videos to ask any questions you may have. ☺