How To Flip A House For Beginners (Start to Finish)

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This video is a MUST WATCH if you want to know how to flip a house as a beginner. In this video, we film my friend Roman of RS Pro Homes as he gives us a tour of his complete house flip from start to finish.
The video is filmed in three parts:
1. Demolition & Rehab (1:04)
2. Completed Product (8:10)
3. Sales Numbers & Profit (11:36)
Roman will show you EXACTLY how to flip a house if you are a beginner. He walks through the entire project from beginning to end, explaining some of the challenges you can expect when flipping a home.
If you are a beginner to house flipping, this video is a MUST WATCH! Be sure to watch the entire video because there are golden nuggets of information until the very end.
You can follow Roman on Instagram @romanempire.cle and RS Professional Homes on Facebook!
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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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Опубликовано:

27 сен 2024

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Комментарии : 843

@deanmaxbrooks 4 года назад

By far one of the best videos I've seen on house flipping, and with a nice motivational ending. Hopefully will see more of these documentary (Markomentary?) types of vids in the future. Also, would like to know more about house flipping, i.e. best areas to flip, how to find a reputable contractor, ways to save money, networking, how much carpentry and such you should know yourself, etc.

@WhiteBoardFinance 4 года назад

Markomentary! haha love it. Thank you

@kylemielke1021 4 года назад

Yes I agree. Keep these coming as I stated in my comment I would love to know as well. I can't believe he did all that for $32k.

@brandonhart2397 4 года назад

Love it!

@kittylizzle 3 года назад

lol Yu/66&(and Lee’skl

@ginaloveslife632 2 года назад

Agree!!!❤️

@ChristopherAbelman 4 месяца назад

This Housing market crash might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

@HildaBennet 4 месяца назад

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

@PennyBergeron-os4ch 4 месяца назад

The enduring US housing market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.

@FinnBraylon 4 месяца назад

How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.

@PennyBergeron-os4ch 4 месяца назад

Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.

@FinnBraylon 4 месяца назад

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

@WhiteBoardFinance 4 года назад

*Have You Ever Flipped A House or Plan On Getting Into The Business?*

@EpicFinance 4 года назад

It’s definitely part of my long term strategy!

@thomasparis5016 4 года назад

Yes always wanted to do something like this. It’s intimidating though.

@cristalramirez648 4 года назад

Future plans yes 🙋🏽‍♀️

@williampuentes2866 4 года назад

Yes sir, doing multifamily now.

@CaseyBurnsInvesting 4 года назад

🥞

@InvestorCenter 4 года назад

Real estate investing is a great way to build wealth

@johnjones2402 4 года назад

I own a few properties myself. It’s a great way to supplement my job income

@jayman4581 4 года назад

John Jones howd you get started

@Real.Estate.Report 4 года назад

Some would argue it is the best way to build wealth...

@husnainlotia2707 4 года назад

He bought for 140k-ish, spent $32k on upgrade, and sold it for 240k. Property prices depend so heavily on LOCATION! and square footage. Its admirable how he could get 72% premium on value addition alone. Must be a pretty volatile neighbourhood that could take such a substantial hike.

@priceizzrite7258 Год назад

Took the words rite out of my mouth...

@ImGeoX 4 года назад

This guy knows what he's doing. Nice job!

@WhiteBoardFinance 4 года назад

Roman is a pro and a good guy!

@thomasthurman2723 2 года назад

@@WhiteBoardFinance 8:36 where do I get same granite counter tops and sinks and price please?

@pitbossross2542 4 года назад

How to Make Money 101: Step 1: Have money

@johnplaid648 4 года назад

I got 120,000. I'm not convinced it's enough to do anything with.

@johnplaid648 4 года назад

@redsoxfan I'm 66. Too old for the grunt work. Not that I look down on manual labor. Ever use a pick and shovel so much that your fingers lock onto the handles aka "ignunt stik" and you have to pry your fingers off? Ever smell the sweet Earth as you dig five feet down into the ground and tunnel under a sidewalk? All by your little self? I renovated my own house. 800 square feet. Top to bottom. I even replaced the sewer line all the way to the street. And I was working full time and over time. I used copper everywhere from 4" to 1/2". Gas line. Romex. Junction boxes. Metal receptacle boxes. Three way light switches. The space under my house is only 24" so I had to do a lot of crawling, sliding, twisting and turning. I'm the real deal. I don't know about you but I'm convinced that some The Home Depots are run by gangs. My only advice to anyone who bothers to read this is when you hear the phrase, "A little hard work won't kill you." don't believe it! Well, it WILL kill you. All the incredible hard work that I did wore everything out and I have arthritis everywhere. No, I need a supervisory job. I'm smart, reliable and honest and available 24/7. I love money. I should put some of my funds into places suggested by Fearless Leader but I don't trust anyone. Not even my bank and its personnel. (Oh, I have good reason. Banks will do what is good for them. Tellers will steal money if they can get away with it.) I would need a bonafide, iron clad contract. If the investee has to go out of business then I want all my money back plus interest. I still maintain that 120K is chicken feed.

@louispablo4576 4 года назад

john plaid your attitude is why you only have 120k saved up

@Gislaina 4 года назад

redsoxfan hi can you elaborate on the “stacks of competitors off eBay for pennies” please? Thank you. You just have out pure gold !

@Gislaina 4 года назад

Actually step 1 is educate yourself

@chrismattingly4947 4 года назад

I knew Roman was the real deal when he started talking about hedging the capital gains with rental property Depreciation. Surround yourself with smart people. Good job Marko. Pat yourself on the back. ... #Buy Ferraris with bitcoin profit

@reginaberry1670 4 года назад

It would be much nicer is he opened the house up a lot more. Still too many walls

@reginaberry1670 4 года назад

He is definitely not a good designer

@Taidaishar 4 года назад

@@reginaberry1670 Gotta weigh what would look the best against ROI. There are lots of things he could've done to make the house look better, but would it have returned enough to be worth it? For example, if max price in that neighborhood is going to be 242, and he's already estimating 242, then there's no reason to do more.

@Iammom_2 2 года назад

Where do you get this kind of knowledge

@EpicFinance 4 года назад

So far I’ve only done buy and hold rentals, but man this is exciting! I hear The burbs in Ohio is a sweet spot! Awesome Vid!

@WhiteBoardFinance 4 года назад

Nice cashflow market :)

@okthennone 4 года назад

They stick with the black hardware in case you were wondering.

@WhiteBoardFinance 4 года назад

lol

@james6794 4 года назад

all jokes aside black is the new color everyone is starting to use

@Amethyst_- 3 года назад

🤣🤣🤣

@jimmyhidalgo2680 3 года назад

😭

@skoopqueen Год назад

PROCESS is the basis of wealth creation. One of the greatest things I learnt in investing is the two-year rule: for an investment to be termed profitable, you must be willling to wait on that investment for at least two years. But my biggest shock was the last investment I made with the help of an lnvestment advisor. I doubled my investment in 2 months and its super mind blowing!

@eadad4371 Год назад

Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path.

@skoopqueen. Год назад

@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself

@eadad4371 Год назад

@@skoopqueen. That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

@skoopqueen. Год назад

@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located

@emeldcentor1474 Год назад

@@skoopqueen. I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me

@nneisler 5 месяцев назад

Granite, Shaker cabinets, black hardware, accent wall, dynamic color in the bathroom, stair railing, vinyl floor. Nice video and nice looking place.

@ilikelittlejimmys 4 года назад

So, he made around like $55k in 6 weeks. That's pretty good but I'm still amazed at how little he paid for the house in the first place, crazy.

@AlexS-gn9tq 4 года назад

Just keep in mind that this case is not the first one in his career. I'm sure that he had made a lot of mistakes getting experience.

@princesamuels5981 3 года назад

@@AlexS-gn9tq you can tell , But mistakes come with along with being experienced

@lasvegas531 3 года назад

@@princesamuels5981 that means he is alittle scammer?

@mikefishes6232 3 года назад

if he held it for 6 months longer it'd be 120k profit probably

@WiseOnion 3 года назад

@@mikefishes6232 he made 50k in a month, so that means he's making 300k in 6 months. he's making more by flipping rather than holding a property hoping for a drastic increase in value.

@InvestorCenter 4 года назад

Flipping house can be very lucrative if done correctly

@dakotah3043 4 года назад

It’s also super risky if you don’t know what you are doing and use a lot of debt

@lamelowilliams914 4 года назад

Dakotah Bowman yes that’s true

@bennygbutter46 4 года назад

Wow big brain shit

@callmekells802 Год назад

I would literally purchase this property JUST because of the royal blue bathroom. Love it. Well done gentlemen.

@VeronicaGrimes_tc Год назад

@Tcallmekells802, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out

@a7freeman 4 года назад

This is pretty wild, some great friends of my fiance' and mine just bought this house about a month or so ago.

@adrianhummel83 4 года назад

Nice! He profited 50-60k in 6 weeks! Solid work.

@chris-ui2nt 4 года назад

That is what I'm talking about brother, this was a good video. I hope this gets you as many views as the car dealership video.

@WhiteBoardFinance 4 года назад

I appreciate that!

@clartro 4 года назад

Love it, especially the last words of don't talk about it, do it.

@ordinaryman1603 4 года назад

i use photoshop to flip anything

@2010Lewii 2 года назад

His last words hit me the hardest.. good vid.

@michael-1382 Год назад

For anyone watching this that wants to remove a wall you cannot just take out a wall and leave one stud in until the header is built like this guy did. It is beyond dangerous to the integrity of the house. There are proper ways to do this and this was not it.

@selavie5473 4 месяца назад

Yep , as soon as I saw that I stopped watching. I would probably take that video down if I were that investor. Can be used against him.

@zakphillips976 4 месяца назад

You’re just jealous

@michael-1382 4 месяца назад

@@zakphillips976 jealous of what?

@realcarbonking 4 месяца назад

Sure crazy mike

@lauralei6963 4 месяца назад

@@zakphillips976 Poor thing. It’ll be ok😂

@kajomusa2898 2 года назад

This is by far the one of the best videos I’ve seen on real estate

@cuma4893 4 года назад

Thank you for this brilliant video! At the end there, he was speaking to me all the way in South Africa! "If you just sit there and read books and watch videos, you'll never get started!" Time I make the jump 👌

@moderncrunchymom 2 года назад

Very helpful, I'm just getting started in the Nashville market. Everything has gotten so expensive here and so much competition. Thank you!

@QueTheChaotic 4 года назад

Thank you for the transparency. Very good video. I had a couple rentals for 2 year so I can relate. The hardest thing for me was finding reliable contractors. My houses weren’t in the most desirable areas (Detroit) but the ROI was high. Certain contractors would do work in the city. When I get back in the game, I’m going in better neighborhoods. It’s a lower ROI but she return an increased peace of mind for me

@tyjameson7404 4 года назад

I like the antique and bronze finish and decor..

@kylemielke1021 4 года назад

So he opened up walls, changed electrical and HVAC paths, put in cabinets, painted everything, new bathrooms, granite counters and sinks, all new flooring on 2 levels, accent walls and light fixutres....and he did all that for $32k?! The average cost of a kitchen remodel alone is $25k and a bathroom model is usually $5k to $10k. Now I also take great pride in doing remodels for low costs but I do it based on sweat equity and unfortunately lower quality work because it is me doing a lot of it. I would love to see videos of his strategies to get this much output for only $32k. That is awesome.

@JandVKeller 2 года назад

He managed the project himself and did not hire a GC. He hired subcontractors to do the work and wholesale pricing on cabinets, countertops, etc.

@save_from_comments Год назад

He is probably fudging that number was my guess. This concern and the other about how the neighborhood had that buying price in the first place were the best to me.

@coryloveland4667 4 года назад

Roman looks like he could be a long lost Wahlberg brother... he better get into acting next. Great video, helpful content!

@terrenceshirk 2 года назад

The Key is to TAKE ACTION!!!

@basedSTi 4 года назад

all that work only cost 30k?

@mikelopez4148 4 месяца назад

Not today it doesn’t cabinets alone are 6k minimum at Menards not including labor ..

@sergioovalle4506 9 месяцев назад

One of the best videos about flipping very detailed and lots of information

@Nellopi22 Год назад

Way to FREAKING go getting the info Marko.. ! Seriously. You asked all the questions that we'd want to know and THEN SOMEC

@LifeAsBobby 3 года назад

Where do you even start in the process of getting the home and wanting to flip? Are there loans you get is it with your own money? How long does it take to do a renovation? I have soo many questions😭

@michellebowling1979 6 месяцев назад

I’m a single mom and trying to get started. I’ve done all the research and watched all the videos and Yes, now to a point that it’s like either jump or stop watching. Of course, no one else I talk to is doing this or in a situation anything like mine and wanting to flip homes. But, that’s why I’m so motivated to do it. I think my biggest concern is finding the right contractor to do the work and it still be profitable for me. I obviously can’t really do the work myself.

@xindin265 4 месяца назад

Thats every one's proplem not just you. Ask in your local community for recommendations

@mph5896 3 года назад

Tons of great tips here. One I love is cutting the subfloor out in the second story to access the mechanicals. Much quicker over messing with patching drywall. Subfloor could be cut and repaired in under an hour. Drywall, days.

@jamzempire 3 года назад

Very true! They were going to do the floors anyways!

@AlexS-gn9tq 4 года назад

Thank you Marko for your efforts and amazing content. I'm not a US resident, but watching your videos is a great way to get new knowledge, learn some details about US life, and improve English skills.

@QUINPANO 4 года назад

Need more vids with this guy . Love the transperancy

@gBayCanada 4 года назад

This is an excellent video. Along with Roman's advice to just act, I would suggest that you must be able to withstand a loss or break even flip. Things can change quickly, like we saw with the pandemic. Also, I have done this five times now, and I'm no pro, but I find buy, fix and rent then refinance or borrow against the new equity to be a better long term strategy. Roman worked his tail off for six weeks to make $15K, before taxes. That's good, but not great for a guy with his skill and work ethic. Also, finding a distressed house like the one in the video for $135K that doesn't have any major issues is rare. Please do more videos with Roman.

@benjamindelannee3501 3 года назад

I thought it was 55k

@megathrills9754 2 года назад

It's 55k profit.

@harryindaclub89 Год назад

@@benjamindelannee3501 Thats huge for me! I dont know for 6 weeks its a lot :D

@partypeoplesandiego 4 года назад

Why would anyone give this video a thumbs down. This is amazing stuff. Thank you guys for putting the stuff together as it seems to be some of the best content out there. Love the fact that it’s real world examples and it walks you through the different phases of a rehab.

@HSS7564 2 года назад

Smart Man !!

@wolfrig2000 2 года назад

This seems exciting

@MikeyBee- 2 года назад

This video was GREAT!

@JuanCoolDad 3 года назад

What part of the house would you say takes up most of your budget and gives you more bang for your buck? I see many concentrate on the kitchen.

@RealtorShannonSenter 4 года назад

I needed to see this video, time for me to start taking action!

@sudanrai8856 3 года назад

Hi Marko, this is Sudan and I really like your video, so I’m looking some advice from Roman is that possible to contact Roman? Thank you

$@anthonyfracchiolla2268$

@anthonyfracchiolla2268 2 года назад

I have been recently thinking about flipping houses. Part of the reason is I can do half the work. I am one of those people that researches too much and never gets started. This video has convinced me to do it!

@maximus01152891 3 года назад

Beautiful beautiful job!

@jposco 2 года назад

Fantastic video!

@LarsBars17 4 года назад

Bro I hear your voice on every RU-vid video I watch now: "SO LIT MOBILE JUST SENT ME THIS SOLAR WIRELESS BATTERY PACK, IM EXCITED, LETS SEE WHATS INSIDE!"

@jordanheyvaert6204 2 года назад

This was great!!!

@bugeyes8088 3 года назад

I've done a couple reno projects before but nothing at this scale. All of mine were under 20k total cost and mainly was cosmetic repairs carpeting painting new kitchen etc. Thinking about chucking a bit of cash into something like this and doing it up as a project. Very informative video.

@Sofia-vo2no 4 года назад

Soon I have my own house. And i want to redo it a lot.

@adrianblaze 4 года назад

Awesome vid on flips! I'm a realtor and this vid simplified things for me and will do the same for my clients. Thank you guys!

@WhiteBoardFinance 4 года назад

Glad it was helpful! Please share

@corbind.9395 10 дней назад

Great video! One question.. what is a "dryway" ?

@rory644 4 года назад

Great job i love the sink and the black fossets, blue colour in the bathroom isn't my taste but looks tidy

@bigtorrisi 3 года назад

I see a lovely brand new front door, usually you fit the front door last as all the dirty trades will have finished the work.

@lvtflooringstore7687 2 года назад

very informative vide, all straight to the point 👍

@shauncampbell969 4 года назад

Aircraft cable ropes on the staircase. Good choice. Ooo white shaker, furniture., great. Shaun of NYC

@Johnny1864 4 года назад

$135k wouldn't get you a studio her in SoCal... lol 😭

@marksanchez4267 4 года назад

In 2017 I bought a 1100stft 3br 1bh here in SoCal for 500k lol

@wizardmix 4 года назад

If it’s 135K anywhere in California that’s 20 miles from the coast, it has wheels under it.

@wizardmix 4 года назад

Mark Sanchez Yeah but what’s the HOA? If there is none, congrats, I hope it’s not the sticks!

@gloriaortega9416 4 года назад

Not here in Tampa Fl either. I wish !

@kiarangreen487 3 года назад

But you can sell in SoCal for alot more than 242K too

@Casinoreactz 3 года назад

That’s a nice flip.

@MoneyMan28 4 года назад

Great Video 😍, 50 million unemployed people can start building houses from scratch or fixing up rehab houses

@dailodai9586 3 года назад

iam a contractor and i also flip houses but lately its been so competitive here in the bay area california. 100k home doesn't exist here very rare, i got my realtors looking and working trying to find anything.

@korede6728 2 года назад

Great video Would love to go into house flipping Please can u create a video a detailed video on how to start up with little or no investment

@375fletch 3 года назад

I don’t want to sound silly but what is a ESC corporation? ESC and in escrow? Beginning to remodel and flip houses. I’ve done it as a contractor for a few years now as a side hustle and I’m already a journeyman electrician so I feel like now is the perfect time.

@ginaloveslife632 2 года назад

This was excellent!! Thank you!!!

@albertechevarria1707 4 года назад

Great video Marko!

@RealLifeMoney 4 года назад

Might have to keep this video on the like list to come back if the housing market collapses 😝

@Bhoum1k 4 года назад

gold mine :) so many foreclosure homes coming your way.

@WhiteBoardFinance 4 года назад

LOL!

@unityyyent 3 года назад

Master bed room lighting should be a must , very good video though!!

@mjhmn 2 года назад

excellent job on the house!

@charlesormond964 4 года назад

Cool!! Thank you for the video!

@aljr3438 4 года назад

Any advise for beginner investors who don’t have funds to buy out right (cash offer) thanks in advance

@kofori321 4 года назад

Look up wholesaling real estate and seller financing

@MrTBoner911 4 года назад

Enjoyed your video. A pleasant surprise from all the RU-vidrs doing stock market and stimulus vids.

@WhiteBoardFinance 4 года назад

Thank you

@deangelowilliams440 3 года назад

I’m in Michigan im going to move to Ohio just for this guy

@halabuck4637 2 года назад

THIS IS SO HELPFUL

@beastfromtheeast9318 4 года назад

I would of did the roof to make the exterior more appealing and enhance curb appeal.

@SweetetKiss5 4 года назад

Did he initially buy the house in full?

@GaryAlanAffiliate 2 года назад

Hey man! Do you invest in properties in NE, MI or AZ? I have a couple of properties and am looking for an investor

@jackieclaps5575 3 года назад

Must be fun to demo the kitchen

@johnjonathan8303 3 года назад

Do you have any other tips for a 16 year old trying to learn about this type of business any advice?

@zbabyg6998 3 года назад

"I put in a cash offer" "Anyone of you coulda done it"

@WhiteBoardFinance 3 года назад

If you know what you’re doing then raising money is easy

@YMLxRuSH 3 года назад

Any recommendations one what podcasts to watch and home renovation tips/ tutorials? I’m new to the game and need some direction anything helps really

@ritapowell1397 3 года назад

Yes Feel free to contact me on how to do this now.

@ritapowell1397 3 года назад

markowhiteboardfinance02 @gmail com

@InvestwithRavi 4 года назад

This is great Marko. Thanks for sharing. So much more insight than what HGTV offers. I believe Real Estate is the ultimate way for wealth creation. I did a video just recently on using debt to generate income. Again thanks!

@michaeltrevisani829 4 года назад

Good video thanks maybe a follow up video on the topic at the end. How to set up an LLC snd S corporation for tax purposes. I am interested in buying land and want to have a better basic understanding of the process.

@WhiteBoardFinance 4 года назад

Will do, please share :)

@dannyjohn4358 3 года назад

Suggestion... When replacing cabinets... Always paint the walls ebho

@naturetherapyfilms 2 года назад

Thank you for the video Marko. You are a professional sr

@habibtil5544 3 года назад

Good job bro, I wish I can meet guys like you.

@mickeytee6533 4 года назад

I appreciate the effort you put into 'producing' this video Marko.. the decisions you made on the sound in particular (my job)... as well as the camera work (light, angles etc) ...not to mention the editorial aspects... consistent framing, starting in the same place, story.. etc, etc... you show 'thought' and appreciation of the craft. $135K (+30K to upgrade) is not something easy to come by for some of us though... 😉

@realestatemotivated 2 года назад

One of the best videos explaining the process.

@TheCoronapatron 3 года назад

That sink yo❤️

@aldomalaj1322 4 года назад

Great video

@matiremontuje5107 4 года назад

nice

@donovannaghitorabi4427 3 года назад

On one hand this is cool, but as a soon-to-be first time home buyer, it sucks to compete against companies putting cash offers down.

@nflores5433 2 года назад

Y'all need a plumber? hahah good stuff

@minajackson4634 3 года назад

Wow this is awesome! I am interested in going this route of what I want to do right now. I'm 23 years old from the Midwest, and this maybe something I can get into! Thank you for this thorough video!

@ritapowell1397 3 года назад

Thank you for your comment. For more advice on this, feel free to contact me now.

@ritapowell1397 3 года назад

markowhiteboardfinance02 @gmail com

@joelmck 4 года назад

An excellent breakdown on flipping houses and a well put together video. Seeing all of the different stages of progress was cool. The house looks so professionally refurbished.