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387: The Step-by-Step Guide to Flipping Houses and High-ROI Home Renovations w/James Dainard

387: The Step-by-Step Guide to Flipping Houses and High-ROI Home Renovations w/James Dainard

FromReal Estate Rookie


387: The Step-by-Step Guide to Flipping Houses and High-ROI Home Renovations w/James Dainard

FromReal Estate Rookie

ratings:
Length:
59 minutes
Released:
Apr 1, 2024
Format:
Podcast episode

Description

Want to begin flipping houses in 2024? With this popular investing strategy, you could build a lucrative and flexible real estate business. All any rookie needs to get started is a few skills and a little know-how, and there’s no better person to get you up to speed than today’s special guest!

Welcome back to the Real Estate Rookie podcast! Today, we’re joined by James Dainard, investor, master house flipper, and co-host of the On the Market podcast. James has flipped over 3,000 homes to date, and in this episode, he’s going to show you how to flip your first house, step by step, from start to finish. From creating an accurate budget (and sticking to it!) to choosing home renovation projects that deliver the highest return on investment (ROI), this masterclass has everything you need to make your first flip a successful one.
 
You’ll learn how to find the best contractors for your rehab, strategies to keep your project on track, and why you should involve your real estate agent throughout the entire project—not just when it comes time to list your property for sale. James even shares his own flipping horror story that cost him hundreds of thousands of dollars and the biggest lessons learned from that experience!

In This Episode We Cover
How to plan a successful house flip from start to finish
Keeping your project on track with a construction contract
How to build an accurate budget before starting your rehab project
Getting the highest return on investment from your home renovations
How to source contractors and materials for your house flips
Cost-effective design upgrades that add value to your property
Why you MUST involve your realtor or broker throughout your rehab project
And So Much More!

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-387
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Released:
Apr 1, 2024
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.