How to Do Your First Flip (From a 7-Figure House Flipper)
How to Do Your First Flip - Flip a House Step by Step, Flipping Houses for Beginners
They say the first step is always the hardest and I concur: your first flip is going to be the toughest and the scariest. Now I made this video to show everyone trying to get into house flipping how they can flip a house step by step and get started to flip first house in the new year.
To do your 1st flip, you need money, a contractor and a deal. This video shows you how to flip a house for beginners and it walks you through the steps to flipping your first house. If you are looking for house flipping 101, don’t miss this video because it teaches you how to flip your first house.
For house flipping beginners, it’s important to understand that money shouldn’t be the biggest hurdle for you to flip house first time. To learn how to flip houses, you need to learn how to find a good deal. This flipping houses for beginners video will show you multiple ways to find good deals.
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Join my program, Transform Flipper Academy, to learn to flip houses the right way. As a house flipper of 6 years, I've flipped over 50 houses with a six-figure profit on average. I hope to teach more people about the ins and outs of house flipping so they can get out of the rat race and achieve financial freedom like I did. Apply here:
www.transformflipperacademy.com
You can also purchase my book Flipping Houses Quickstart Guide on amazon:
amazon.com/dp/1636100309/?tag...
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If you are wondering how to flip a house for the first time, watch this video to learn the steps to flipping your first house.
#houseflipping #realestatecoach #houseflippingbeginners
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RESOURCES & LINKS MENTIONED IN THE VIDEO
Preferred Hard Money Lenders in SF Bay Area:
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- Lending Home: www.lendinghome.com/
- Iron Bridge: ironbridgelending.com/
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Great informative video! Thank you!
Thank you very much Ma’am Eliza, great video.....👍
Gracias por el video, muy útil!
Great info as always. I wait with great anticipation for your videos!
@TransformRealEstate
3 жыл бұрын
Aww, thank you so much! I really appreciate your support!
Your content is so great. I appreciate the information and advice you have shared. Many thanks for your helpful time. God bless!
Love your videos! Very informative and concise!
@TransformRealEstate
3 жыл бұрын
Thank you so much! Glad you found it helpful!
Happy Holiday Elisa. Thank you for sharing all your knowledge. It's been a great help.
@TransformRealEstate
3 жыл бұрын
Happy holidays to you too! It's my pleasure!
Great information! It really helps me get started. Thank you!
@TransformRealEstate
3 жыл бұрын
So glad to hear that!!
Useful info as always 😸!
@TransformRealEstate
3 жыл бұрын
Thank you - so glad to hear that!
Love your show. You say that working with agents is "free." Nothing is FREE. In CT, the going agency rate is 6% of the home's sale price. So, for a $1M home, you have to hand over $60K for a buyer in a market where buyers are plentiful and begging for homes. Why do you need to pay anyone to bring you a buyer? You must have your RE license, right? You can list your properties on the MLS, yourself. And all the buyer really needs is a home inspector, a RE attorney and a bank for the loan. It's not that hard.
Great video and information! You just gained a new subscriber 👍🏼
@TransformRealEstate
3 жыл бұрын
Thank you so much!
one of your best videos yet
@TransformRealEstate
3 жыл бұрын
Thanks! Glad you liked the video!
My biggest hurdle is I don’t know how to find a good course to learn specifically about house flipping & real estate investing. I would like to know what course you took or other suggestions will be of great help. I plan to work my full time job to fund my education & first flips. I live your videos more than HGTV Flip or Flop!!!
I'm curious, do you take out these Loans under an LLC or under your personal name?
Thank you! Going to my first deal soon! Would you recommend hard money for long term rentals or short term rentals? Or would you say that’s only for flips?
@TransformRealEstate
3 жыл бұрын
Congrats, that's exciting! It depends on whether you can get a conventional mortgage for your rental. Some hard money lenders offer loan programs for rentals, but the rates are higher than conventional mortgage, so if you are qualified for a conventional mortgage, you can pay lower interest.
Do I need an LLC to borrow from a hard money lender?
Hi Elisa, I thought you need to be a realtor to access MLS? Or maybe part of MLS is for Realtors only? How do you get such listing? Thanks!
@TransformRealEstate
3 жыл бұрын
You can get access by being an assistant to an agent. Ask an agent friend of yours.
Have you considered being a mentor??
@TransformRealEstate
3 жыл бұрын
Yes, I’m open to it.
@TransformRealEstate
8 ай бұрын
Hey if you're still interested, I actually just launched my coaching program, Transform Flipper Academy, to teach you to flip houses the right way. You can apply here: transformflipperacademy.com
Are there benefits to getting a real estate license so you can be the agent on the deal?
@mariletponce2862
2 жыл бұрын
That’s a great question, one that definitely crossed my mind.
Is the profit minus the labor cost? thank you
@TransformRealEstate
3 жыл бұрын
I don't think I mentioned profit in this video, but yes, in general, profit is after labor cost.
@lijunwang3822
3 жыл бұрын
@@TransformRealEstate Thank you very much and we had house just do the painting the wall and the new kitchen a tidy up,new the curtain we spend. 50000.
@lijunwang3822
3 жыл бұрын
my english poor
A bad piece of advice. If you borrow money from friends then you would lose both friends and money.