Just my 2 cents. Go to a less expensive market. Also learn how to use hard money. I might have a little bit more money, but otherwise I'm in the same pkace as you are. I have been watching videos for some time though.
Thank you for making these extremely informational videos! I just joined the FB real estate group you mentioned! I’m starting with just remodeling my house, and the largest mental barrier I have is getting started with talking to contractors. I’m just so worried about getting scammed by one and I’m also not sure if I have enough information to properly convey what I want done.
This video is amazing! Thank you for all your videos and tips. I'm on the transition to start this business and your videos have been very helpful. Thank you!
Great videos! Any tips on what to do with important benefits a corporate job provides like health insurance and 401k? What kind of health insurance would you have to get on your own and how much these actually cost with a big company paying for the huge premiums? Thanks!
Flip or flop is how i got inspire to do a live in flip and now another bigger flip! We're living in a camper while contractors is working on our hoarder house!
Wow! Wow! This video is so good! Every bit of it is full of extremely valuable details. Thank you for taking the time to put all that information into one video. BTW: congrats on finding a passion that you enjoy doing each and everyday; it looks like you enjoy making videos too. Your channel is growing nicely, keep up the great work! Happy Holidays! Cheers!
Thank you so much for the kind words! Yes, I do enjoy making videos and it allows me to connect with and help other people, which makes me happy. Happy holidays!!
This video really makes me want to get started. I have a 9-5 job that I enjoy, but I love flexibility and independence so much more. My biggest hold is the money to get started and after watching your videos the best option is private lenders but I'm really afraid of ending up with lots of debt. I really hope I can find the push to get started someday. You are definitely an inspiration. Thank you for sharing all this great information!
I'm so glad to hear that you feel motivated by watching my video!! Did you see this video where I explain how you can do deals without money ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PEiB5gJxbH8.html Check it out and hope it helps!
Do you think it's possible to start flipping straight out of college? Or should I work my 9-5 for about 10 years and then quit? I'm 22 and am starting full time work next Fall but it's always been my dream to flip houses.
It's definitely possible. It might be a little intimidating without much capital available, but check out my videos on how to flip houses without money (ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-IiVztGBoSs0.html) and 5 Steps to Invest in Real Estate WITHOUT MONEY (ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PEiB5gJxbH8.html). Good luck!
Sorry to hear that it's hard to find deals. Have you talked to other investors in your area? In the Bay Area, good deals are very hard to come by, but if you have a big agent network like me, you can get pretty consistent deal flow. Many other investors also send out mailers or hire VAs to cold call home owners. I know investors in other areas can find deals on MLS sometimes.
I'm so glad to hear that! It is probably not as difficult as you think. I never thought I would be an entrepreneur until 3-4 years ago when I started pursuing a house flipping career, but it worked out and I'm happier than ever :)
what advice would you have for someone like me who is a 18 year old and is interested in becoming a house flipper but don’t know where or how to start ?
Watch next: How to get started in Real Estate 2020 - the Ultimate Beginner's Guide to Investing in Real Estate ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-T60x5BSbI1g.html
Thank you for your videos. I have a house I live in that I'm doing up and maybe going to flip. Been in it 1 year and I have Heloc loans available that would get me into my next house, would need to show the bank that the new property could be rented to cover its mortgage. My thoughts go, try to find a trashed/hoarder house. But this time instead of doing the work myself I would use contractors. Pretty concerned /worried about this next step... any advice you have would be much appreciated. Cheers from NZ
Hey, I think you are in a really good position already owning your home and have HELOC available. If you haven't, why not fix up the house you live in now, and sell it, and move to a new fixer upper and remodel it? Not sure about NZ, but in the US, there's capital gain tax exemption for homes that are occupied by the owner for 2 years, so any gains from the sale would be tax free, which is sweet. Or you can also find a rental property, remodel it and rent it out - that's what I did in the beginning. Anyways, thanks for watching my videos and good luck!
Thanks for your interest. I 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
Thanks for the informational video! How do you get approved for a new mortgage on a property without a steady income? I’m a contractor and would love to BRRR on my own properties rather than deal with clients so I would love some tips!
Very encouraging! I am tired of my current job, and did renovations for my investment property a few years ago, which is a 100 years old interstate house. I was frustrated to deal with tradies, and lost confidence in house flip, and rented it out later. I recently found your channel, have watched some of your videos, and I am planning to finalise the renovation I left behind last time when the current lease finishes, and chase up my flipper dream! Your videos are very useful and helpful.
Great videos Elise (hope I spelled your name correctly). I just came across your channel and am starting my next career change in my local market (San Diego). I think you give great advice and absolutely love your flips so far. Keep up the great content. Cheers.
thank you for sharing. it's amazing story and journey. I just don't know where to start especially during these pandemics. Any suggestions how to pull the trigger?
I've been working in the tech industry for 20+ years and went through dot com era and the financial meltdown period but still haven't been laid off but I'm not losing faith. :)
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
It's especially worth it after tax because there are many deductions you can take as a business owner VS a W2 employee. Check with your CPA to find out :)
