Starting a HOUSE FLIPPING Business as Total Beginners [Ep.1]
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- čas přidán 4. 09. 2024
- We are starting our house flipping business as BEGINNERS so today follow us as we look at a distressed property in Texas to see if I can fix and flip it and NOT lose all our money form the home renovation.
In this house flip vlog watch as we go through everything rookie house flippers struggle with and how we overcome it to purchase this flip house with a fix and flip loan or called hard money loan.
when it comes to flipping houses for beginners we are the true example of that so follow us today to learn how you to can finally start your house flipping business!
Free Hard Money Calculator - l.linklyhq.com...
I love your relationship with your wife and how you consult her. I do the same though she doesn't have any deeper insights.
Also, you are very humble guy like when you said "I know" and how you feel butterflies when investing.
Great video! I opened up an LLC last March and have had 2 under contract but ended up walking away. This year I’m making it happen & not scaring myself off 👏🏼 congrats & good luck!
Hahaha that’s how I was. Minus the LLC part. Always too scared but going now! Watch the whole series to learn exactly how I’m doing it maybe it will bring more calm to you!
I'd say we're where you are at the beginning. We have a 2.5 properties, primary home, a condo that isn't making $ after 5 yrs. So we're contemplating selling our condo, to get our money back out of it. We expect about 60k return to use to start a flip, then grow the rental portfolio. I didn't see where you've posted Joe's info if you have yet. Thanks
We're on Ep 2. now! LFG!
Love this video! I’m a beginner too. Just about ready to refinance a Brrrr I started 2 yrs ago. Sweat equity on my primary home to be able to use a heloc to get into my first investment, used all my resources to get to the finish line. I’ve used all my own money and credit and did all the work myself. This has been a 6yr journey.
These videos give me the confidence to use hard money and contractors on my next ones. Keep up the great work! You inspire others.
that is so awesome! and ya thats the thing if you use your own money this journey takes longer for sure! make sure to use this calculator to look at deals and reach out to Joe with any questions! Free Hard Money Calculator - l.linklyhq.com/l/1vdsx
Just found your channel. Best info on house flipping I seen
Where / how did you find Ishmael? He seems awesome.
Have you made a video on the results of this? I want to see how long it took, the sales price, all the final rehab costs and holding costs. And of course net net profit.
Do you have a video on that???
I will do a break down on one of mine. It’s always interesting to see what others are doing.
Really appreciate you documenting your experience getting started investing, very valuable information and your addresses all the unknowns and doubts that new investors have getting started. I subscribed and will continue following your journey
Thanks so much!! We document everything so check out some other vids!
Congratulations, I am now a new follower of yours, I like how you make your videos and how transparently you do them, I wish you good luck, I have been thinking about doing this business for several months and it seems a little difficult, but I am learning more every day I want to know two questions please, the first is where do you find your houses in what city? And what is the loan company?
Welcome aboard!
I can bet money you would NOT have the remodel on that house done in 1 month! Remember, construction always takes longer than expected!
How long does it usually take you on average? Thanks for the comment for real!! I got a lot to learn
@groundupinvesting I would say to plan for twice the amount of time you were originally told... so if they told you 6 weeks, plan for 3 months. Better to plan for the worst and hope for the best.
well follow along and see! things are moving so fast already!!
It took about a month lol
I’m surprised that you would try a high priced house like that as a beginner.
Starting my flipping journey in TX as well. Maybe we'll run into each other one day? hehe
This is awesome!!
Thanks for being my first ever comment
You don't have an Instagram account?
Love your channel
So, what's it like now? Did you sell the property and did the deal generate profits as you expected?
How many hrs per week you spend on this?
ya i have a video that breaks down all the costs and profits!
Do you have a mentor?
I think you say I think a lot. It makes you seems not so confident
I think your right