HOW TO FLIP HOUSES WHILE WORKING FULL TIME (From a 7-Figure House Flipper)

No video

HOW TO FLIP HOUSES WHILE WORKING FULL TIME (From a 7-Figure House Flipper)

Рет қаралды 48,713

Transform Real Estate

Күн бұрын

Пікірлер: 117

@TransformRealEstate 4 жыл бұрын

Watch Next: House Flipping for Beginners Playlist: kzfaq.info/sun/PLth4sDjOXnLXR2wUFLQkwd67Wuxx9lKRG

@winstonbodkin4075 2 жыл бұрын

Are you still flipping in the Bay area?

@kirstenimpulsia Жыл бұрын

How can we connect to please help be a mentor..

@Straight-Outta-Roanoke-AL 7 ай бұрын

I really enjoy listening to your pod casts while I'm at work! I'm still working a day job but I'm on my 4th property.

@MrGabrielramosone 2 жыл бұрын

Thank you for being so generous in your sharing. I renovate homes for an homeowners preparing for sale aswell as corporation that flips homes. Needless to say Ive been looking forward to working our own flips. Would you mind doing a video going into how you manage your communications with realtors. Do you use a CRM? How often do you reach out? What are some points you make sure to communicate? What ever you feel comfortable sharing would be much appreciated.🙏🏽

@lyhuong720 4 жыл бұрын

Really great video series, congratulations on leaving the corporate world to do something you love while making good money! I’d like to see a more in details on finding a good contractor. There are many out there!

@TransformRealEstate 4 жыл бұрын

Ly Nguyen thanks! That’s a great topic, and I’ll work on it 😊

@user-jo7lo8fr4t 3 жыл бұрын

Hi Elisa, It seems that flipping houses business is similar in most countries. You’re so inspiring.

@frazahm Жыл бұрын

She is fantastic. Very open with her experiences.

@hansihettiarachchi7648 2 жыл бұрын

Love the authenticity. Thanks for sharing your experience.

@yalvi 2 жыл бұрын

Thank you for sharing your knowledge and experience especially regarding working with contractors. It truly helps me so much when thinking about how to start the next project on my home!

@thisblondefromla 4 жыл бұрын

You’re so inspiring!!!

@TransformRealEstate 4 жыл бұрын

Aww, thank you so much! I love what I do and it feels amazing to educate and empower others to become their own bosses too 😊

@laurenkanemoto6260 4 жыл бұрын

Thank you for sharing your experience and I’m sorry about your first experience with that contractor. Lessons learned for sure. You’re an inspiration and I love how sweet you explain things. You’re my favorite flipper!! 🤩

@TransformRealEstate 4 жыл бұрын

You are so kind and sweet, Lauren! Hope my experience can help others recognize the shady contractors more easily. Let me know what else you’d like to see on my channel 🙏

@SureshKumar-tz3ct 3 жыл бұрын

This s sooo helpful , as a newbie your tips really spot on . 🙏🏻🙏🏻🙏🏻

@mitzilacebal1574 4 жыл бұрын

Did you apply for a business permit before flipping? When you applied for a loan was it as a business or personal? Thank you.

@charlottez9890 4 ай бұрын

Thank you for sharing❤

@iamkarmenvolmink Жыл бұрын

As an architect il say have a detailed scope of works, deliverables and a proper contract of works for the contractor.

@vivi51088 3 жыл бұрын

Thank you for sharing your valuable experience! Such great tips 🤗

@Maa-wx9rf Жыл бұрын

Great job. Thanks for sharing

@TheCinnamondemon Жыл бұрын

1) Did you use a GC or hire individual subcontractors 2) How did you estimate rehab costs? 3) What did you say on the phone to agents to get you leads?

@MinhHoang-gu7mv 10 ай бұрын

Great video and content, thanks a lot!

@007gurubengalooru 3 жыл бұрын

Your presentation is really good, sincere and honest & very clear and helpful. Thank you very much for sharing your experience 👍👏👍

@Isleskye Жыл бұрын

Excellent! Thank you!

@KykykyTPTP 3 жыл бұрын

Very helpful!!! It must have been so scary as it is a very big purchase without a guarantee that it will succeed. How did you cope with those risks?

@emiliomejia5331 3 жыл бұрын

I commend you for embarking on this project.... takes guts & grit

@TransformRealEstate 3 жыл бұрын

Thank you! Yeah, it was scary in the beginning, but I'm glad I stuck it out.

@BHights003 4 жыл бұрын

Do you have any videos on the process of finding a hard money lender? Also, what kind of documents and information do they need?

@ozzvilla9226 3 жыл бұрын

Speak to a community lender. They lend to the hard money guys and will be able to get you in touch.

@hearMyBrazil 3 жыл бұрын

For older homes, how often do flippers renovate the plumbing and electrical? Sometimes my concern in doing this type of business is leaving a homeowner with a less than product because the fixes are cosmetic.

@livelovelife32 3 жыл бұрын

Well they would have to agree to bring it up to code in order for their remodel to be approved.

@hearMyBrazil 2 жыл бұрын

@@livelovelife32 depending on the work being done... if it is cosmetic, you do not need a permit/aka to bring things up to code

@crazycat0527 3 жыл бұрын

Omg, this is so helpful! Thank you so much for sharing this with us.

@georgerodriguez5713 2 жыл бұрын

Hi Elisa, Can you make a video on cold calling agents? I'm struggling with knowing what to say to them. Thank you!

@sarahkw7486 2 жыл бұрын

I like your videos very much. I am a SAHM. But always dream about being a house flipper. Wish we could talk and connect so i could learn more from you 🙂

@nicoletay3973 3 жыл бұрын

This video was so informative and well articulated! Congrats on your business 💛

@lindap.p.1337 3 жыл бұрын

Great video, thank you!

@aaattt1547 3 жыл бұрын

Just started watching, really like your videos!

@gabbardada 3 жыл бұрын

Thank you for the fantastic content. I just have a few questions - newbie here, so appreciate any feedback. (1) Why did you not change the contractor if the timeline changed from 2 months to 8 months? I am assuming the price was based on a list of work items. The contractor was only getting paid after the work was done. (2) How did the contractor come to the conclusion that the addition or the bathroom was not permitted? (3) What does the contractor gain from wasting time? He is getting paid the same regardless, correct? (4) Can you not save on the commission by being your own agent?

@anchaleenesser8311 2 жыл бұрын

I am active license real estate agent in Tampa FL. I am looking to get into flipping houses but don't' know how to start

@TransformRealEstate 2 жыл бұрын

Check out my new book, Flipping Houses QuickStart Guide amazon.com/dp/1636100309/?tag=flip-houses-20. It's a comprehensive guide for beginners.

@robertoserrano5506 4 жыл бұрын

Thanks for sharing, very interesting, Im learning watching your videos

@TransformRealEstate 4 жыл бұрын

Roberto Serrano thank you for tuning in! Let me know what else you’d like to see on this channel 😊

2 жыл бұрын

Love your videos. The audio was a little low on this one, had a hard time hearing what you were saying. xx

@wentinz 3 жыл бұрын

Hi Elisa, I have a question: do you have any tips about finding good contractor on Yelp? Should I contract out to one contractor or find separate contractors to do each job?

@controlledburns Жыл бұрын

Thank you!!

@aisbcandd 3 жыл бұрын

Hi, I was wondering if you can share your video regarding finding an off market properties? You mentioned it in one of your videos but it says it's private.

@maggie2244 3 жыл бұрын

Should one disclose the budget to the contractor ? Thanks for the videos they’re great!

@victorcruz1345 4 жыл бұрын

Awesome content, thank you so much!!!

@TransformRealEstate 4 жыл бұрын

Thank you Victor. Glad you liked it. Let me know what else you'd like to see on my channel and how I can help.

@suziz8056 4 жыл бұрын

Hi Elisa. Thanks for sharing this video! I have been to one of your seminars with Raul in San Mateo. I love how you explain things and how you have been sharing your journey with us. I was curious if you shared any of your profits with your mentor on your first deal? My goal is to follow in your footsteps. Thanks again. Susan

@TransformRealEstate 4 жыл бұрын

Thanks Susan for following along my journey! Yes, I did share the profit with my mentor. That’s a good way for beginners to bring in a mentor to help with the first flip. Let me know what you’d like to see on my channel next ☺️

@natusfreedom472 2 жыл бұрын

Itemize your scope of work and get it in writing , thank god u didn’t lose money

@albundy3929 2 жыл бұрын

Great video! Do you have a detailed scope of work for us to learn from and so we don't get taken advantage of by sneaky contractors? thanks so much!

@monicadhenderson8670 3 жыл бұрын

Thank you so very much for your video! How can I become an apprentice to a house flipper so I can learn from them in my area? I live in Pottstown Pennsylvania

@brendachen8427 4 жыл бұрын

Awesome video!!!

@TransformRealEstate 4 жыл бұрын

🙏☺

@euna7322 3 жыл бұрын

Thanks for the great video! It is very informative. I am thinking of starting my first flipping of old house as an investor soon and your video is very helpful. By the way, can I ask how you found your mentor? (I apologize if you already mentioned and I missed)

@TransformRealEstate 9 ай бұрын

Yes! 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

@CJ-nt9mb 3 жыл бұрын

This was very helpful! How did you find a mentor?

@angeliu6840 4 жыл бұрын

Sounded a lot like my first flip except I got jipped by 3 contractors that stole my money. I thought holding onto it and doing the job right would cost me the same as letting it go at a loss... so I let it go and lost a lot. :(

@TransformRealEstate 4 жыл бұрын

Awww, I'm so sorry to hear that! I think this is a disadvantage for women in this business, especially if the contractor find out that we are new. Sometimes getting out of a bad deal is better than holding onto it and burn more money and energy. Are you still doing flips? I hope you are able to use the lessons from your first flip to grow in the business. ❤

@angeliu6840 4 жыл бұрын

@@TransformRealEstate no not anymore, maybe later when i have more money. Don't want to go into legitimate debt if something happens haha

@frederickleonidas2972 3 жыл бұрын

What should be my very first step to start flipping business? Do I need business license before I apply for a hard money loan?

@RedScreenNinjasSlotMachine 4 жыл бұрын

and would like to learn more about hard money loan and the how the interest and payback on that works. more in depth be great

@TransformRealEstate 4 жыл бұрын

Ok, I’ll try to add that to a future episode 😊

@ServingalivingGod24-7 3 жыл бұрын

You have done a great job explaining everything. I need a mentor, are you available?

@TransformRealEstate 9 ай бұрын

@はII 3 жыл бұрын

Hey beautiful, can I pls know what software you use for bookkeeping / expenses ? Thanks 😊

@kingarthur819 2 жыл бұрын

I have a house I an interested in flipping. It’s listed at 1.05M. There is one comp same neighborhood, square Ft, beds/bath size of yard that sold for 1.55M. All other comps at 1.1M. Is this a good deal? I am hesitant due to only one comp at 1.55M.

@maxart382 3 жыл бұрын

What is your opinion about commercial properties?

@HellYeaShit 2 жыл бұрын

Great video!! Thank you for sharing

@drtinacheemd8401 3 жыл бұрын

Thanks so much for sharing your experience! Abt to get started w our first home/residence - how did you find your mentor and do you think its necessary to have one who is local?

@TransformRealEstate 9 ай бұрын

@divagoddess2024 3 ай бұрын

would be great if i could get you as a mentor :)

@connygaitan9593 4 жыл бұрын

Elisa this was a great video, I am new in the business and I want to de great can you help me knowing about budgets??

@TransformRealEstate 4 жыл бұрын

Hi Conny, thank you! I'm working on a new video where I will share my rehab budget sheet. Make sure you tune in later this week!

@deltaforce7026 2 жыл бұрын

Do you first look for the flip then get the loan or reverse?

@shaneamcnally 2 жыл бұрын

what color is the paint on the walls in this house? beautiful.

@TransformRealEstate 2 жыл бұрын

Ellie Gray by Sherwin Williams

@shaneamcnally 2 жыл бұрын

@@TransformRealEstate thank you!

@shaneamcnally 2 жыл бұрын

@@TransformRealEstate any contact for a reliable contractor in San Jose that you wouldn’t mind sharing.

@MyParrotlets 3 жыл бұрын

Hi, you haven't mission one thing most important to get a home inspection before doing all this.

@sarahs4922 4 жыл бұрын

So did you profit from your first flip? If not what made you want to keep going with other flips?

@fredsalfa 2 жыл бұрын

That sounded a little scary for your first flip. Had you done any renovations or anything before?

@TransformRealEstate 2 жыл бұрын

Hi! I renovated my first home and a rental property before, both condos

@isadorablecan_too9432 4 жыл бұрын

Hi! That’s awesome 👏🏻 thank you for this video! My question is: how can I find a mentor? I moved to the us (San Diego) recently and I don’t have a lot of contacts. I doubt someone would be willing to help a newbie :(

@TransformRealEstate 4 жыл бұрын

isadorable can_too thanks! When you go to real estate meetings, go up to experienced investors and introduce yourself. If you have funds available, you can also offer to lend money on their deals in exchange for mentorship. Or if you find a deal, offer them profit sharing in exchange for mentorship (this is what I did). You might be surprised, a lot of investors are willing to help newbies 😊

@isadorablecan_too9432 4 жыл бұрын

Transform Real Estate thank you honey

@tchoephel88 3 жыл бұрын

Hi , did you buy mentorship or course for flipping house before you get started?

@TransformRealEstate 9 ай бұрын

@MC-ph7gr 2 жыл бұрын

Volume is very low

@Marie457. 3 жыл бұрын

Where do you find a mentor?

@TransformRealEstate 3 жыл бұрын

This video explains it: kzfaq.info/get/bejne/gqxyZdmXt8-rloU.html

@terrellnash4648 2 жыл бұрын

How did you find your mentor?

@TransformRealEstate 9 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

@whatever5922 3 жыл бұрын

Hi! How did you find a mentor?

@TransformRealEstate 3 жыл бұрын

I made this video to show you how to find a mentor: kzfaq.info/get/bejne/gqxyZdmXt8-rloU.html

@victoriarashad5707 3 жыл бұрын

Lol! I don't have wealthy friends

@magic1keys 4 жыл бұрын

What market are you in?

@TransformRealEstate 4 жыл бұрын

Hi, I’m in the San Francisco Bay Area. How about you?

@magic1keys 4 жыл бұрын

Transform Real Estate same here! I’m in the East Bay , I’d love to set up a meeting with you if that’s ok with you.

@TransformRealEstate 4 жыл бұрын

magic1keys sure! Let’s touch base when SIP is over.

@magic1keys 4 жыл бұрын

Transform Real Estate most definitely Elisa!! I’ll keep in touch with you

@franksuhuang6 2 жыл бұрын

👍👍🌹🌹

@tylerscholes7940 3 жыл бұрын

This video in particular, has very low audio. Even at full blast I cant hear her talk.

@chancenebeker4481 3 жыл бұрын

the contrator is just a middle man in most cases you could save more money just hireing subs

@drkavyashekar 3 жыл бұрын

House flipping step 1 : get a mentor

@TransformRealEstate 9 ай бұрын

@hal8238 3 жыл бұрын

I CANT HEAR YOU........could you speak loudly?

@terrellnash4648 2 жыл бұрын

Hello, @transformrealestate I like your videos. Thank you for sharing your experiences. What did you initially say to the first contractor you found to get them to do a walk thru with you in the house? How do find good contractors now?