HOW TO FLIP HOUSES WHILE WORKING FULL TIME (From a 7-Figure House Flipper)
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- čas přidán 6. 07. 2024
- HOW TO FLIP HOUSES WHILE WORKING FULL TIME - House Flipping Guide for Beginners
In this video, I show you my experience flip houses while working full time. You'll see the detailed process of how I found my first house, funded the flip, found a contractor to do the work, flipped the house, and finally sold the flip while working full time. I explain the entire house flipping process and the challenges I had flipping houses part time. Even though it was my first time flipping houses while working full time and I ran into many issues, I was still able to make $80k in profit and I also learned many great lessons from this first flip. This is the ultimate beginner's guide to house flipping and it will teach you 5 takeaways from my experience flipping houses while working full time and also show you the before and after photos from my first flip. If you are trying to flip houses while working full time and want to learn how to flip houses while working full time and make money, this video is a must watch as it's the house flipping guide for beginners. #houseflipping #realestatecoach #realestatetraining
Watch next: How to get started in Real Estate - the Ultimate Beginner's Guide to Investing in Real Estate
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RESOURCES & LINKS MENTIONED IN THE VIDEO
Preferred Hard Money Lenders in SF Bay Area:
- Conventus: www.cvlending.com/
- Lending Home: www.lendinghome.com/
- Iron Bridge: ironbridgelending.com/
CONNECT WITH ME ONLINE
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Watch Next: House Flipping for Beginners Playlist:
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Are you still flipping in the Bay area?
How can we connect to please help be a mentor..
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.
Thank you for sharing your valuable experience! Such great tips 🤗
Omg, this is so helpful! Thank you so much for sharing this with us.
Love the authenticity. Thanks for sharing your experience.
This video was so informative and well articulated! Congrats on your business 💛
This s sooo helpful , as a newbie your tips really spot on . 🙏🏻🙏🏻🙏🏻
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!
Just started watching, really like your videos!
Great job. Thanks for sharing
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!! 🤩
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 🙏
Great video, thank you!
Your presentation is really good, sincere and honest & very clear and helpful. Thank you very much for sharing your experience 👍👏👍
Great video and content, thanks a lot!
She is fantastic. Very open with her experiences.
Excellent! Thank you!
Thank you for sharing❤
Hi Elisa, It seems that flipping houses business is similar in most countries. You’re so inspiring.
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.🙏🏽
You’re so inspiring!!!
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 😊
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!
Ly Nguyen thanks! That’s a great topic, and I’ll work on it 😊
Thank you!!
Thanks for sharing, very interesting, Im learning watching your videos
Roberto Serrano thank you for tuning in! Let me know what else you’d like to see on this channel 😊
Awesome content, thank you so much!!!
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.
Awesome video!!!
🙏☺
I commend you for embarking on this project.... takes guts & grit
Thank you! Yeah, it was scary in the beginning, but I'm glad I stuck it out.
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!
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?
Did you apply for a business permit before flipping? When you applied for a loan was it as a business or personal? Thank you.
This was very helpful! How did you find a mentor?
Great video!! Thank you for sharing
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?
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
Hi Elisa, Can you make a video on cold calling agents? I'm struggling with knowing what to say to them. Thank you!
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.
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?
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
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 ☺️
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?
Should one disclose the budget to the contractor ? Thanks for the videos they’re great!
Hey beautiful, can I pls know what software you use for bookkeeping / expenses ? Thanks 😊
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)
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
What should be my very first step to start flipping business? Do I need business license before I apply for a hard money loan?
What is your opinion about commercial properties?
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?
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
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 🙂
As an architect il say have a detailed scope of works, deliverables and a proper contract of works for the contractor.
Do you have any videos on the process of finding a hard money lender? Also, what kind of documents and information do they need?
Speak to a community lender. They lend to the hard money guys and will be able to get you in touch.
Do you first look for the flip then get the loan or reverse?
Love your videos. The audio was a little low on this one, had a hard time hearing what you were saying. xx
You have done a great job explaining everything. I need a mentor, are you available?
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
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??
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!
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
Ok, I’ll try to add that to a future episode 😊
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.
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.
Well they would have to agree to bring it up to code in order for their remodel to be approved.
@@livelovelife32 depending on the work being done... if it is cosmetic, you do not need a permit/aka to bring things up to code
So did you profit from your first flip? If not what made you want to keep going with other flips?
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
Check out my new book, Flipping Houses QuickStart Guide amazon.com/dp/1636100309/?tag=flip-houses-20. It's a comprehensive guide for beginners.
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 :(
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 😊
Transform Real Estate thank you honey
Hi , did you buy mentorship or course for flipping house before you get started?
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
what color is the paint on the walls in this house? beautiful.
Ellie Gray by Sherwin Williams
@@TransformRealEstate thank you!
@@TransformRealEstate any contact for a reliable contractor in San Jose that you wouldn’t mind sharing.
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?
Where do you find a mentor?
This video explains it: czcams.com/video/LFB2vfRiGfQ/video.html
Hi! How did you find a mentor?
I made this video to show you how to find a mentor: czcams.com/video/LFB2vfRiGfQ/video.html
Hi, you haven't mission one thing most important to get a home inspection before doing all this.
would be great if i could get you as a mentor :)
That sounded a little scary for your first flip. Had you done any renovations or anything before?
Hi! I renovated my first home and a rental property before, both condos
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. :(
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. ❤
@@TransformRealEstate no not anymore, maybe later when i have more money. Don't want to go into legitimate debt if something happens haha
Itemize your scope of work and get it in writing , thank god u didn’t lose money
How did you find your mentor?
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
👍👍🌹🌹
What market are you in?
Hi, I’m in the San Francisco Bay Area. How about you?
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.
magic1keys sure! Let’s touch base when SIP is over.
Transform Real Estate most definitely Elisa!! I’ll keep in touch with you
Volume is very low
Lol! I don't have wealthy friends
This video in particular, has very low audio. Even at full blast I cant hear her talk.
the contrator is just a middle man in most cases you could save more money just hireing subs
House flipping step 1 : get a mentor
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
I CANT HEAR YOU........could you speak loudly?