How To Start Flipping Houses (70K First Flip)

In this follow up video, I'm going to show you how to start flipping houses with my coaching client Gary. His first flip should net him $70,000 and he's only been at this for a few months. If you're looking to get started flipping houses, watch this video now.
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#firstflip #realestate #investing #jamelgibbs #flippinghouses

Пікірлер: 34

  • @jamelgibbs
    @jamelgibbsАй бұрын

    ↓Subscribe for more real estate investing tips↓ reieducationacademy.com/KZread-Subscribe Also, share and leave a comment below.

  • @evefavorse5939
    @evefavorse5939Ай бұрын

    Congrats Gary! That is an amazing achievement!

  • @addiewhitaker3874
    @addiewhitaker3874Ай бұрын

    IAM so prove of you son you make me happy you are doing good God is good all the time love your mom Addie.

  • @bootsbooy
    @bootsbooyАй бұрын

    Take a shot every time Jamel said Came out really good bro

  • @stevealston5153
    @stevealston5153Ай бұрын

    My man from the 757representing.Im so proud of you my dude !.Pops would be proud of you and Alberta

  • @elishamccoll9616
    @elishamccoll9616Ай бұрын

    Awesome...Go Gary. On to the next one !

  • @EliteClinicalResearch
    @EliteClinicalResearchАй бұрын

    Congrats Gary ! Get it on the market and make that money! Job well done!

  • @skyrayne913
    @skyrayne913Ай бұрын

    Awesome.I was waiting to see this.Congratultion Gary🎉

  • @philw9787
    @philw9787Ай бұрын

    5 star video, show so much information, coaching awesome!!

  • @jamelgibbs

    @jamelgibbs

    Ай бұрын

    Glad you liked it!

  • @grabthemappodcast
    @grabthemappodcastАй бұрын

    The attention to detail and creative solutions in this renovation were truly impressive!

  • @fabianreid7368
    @fabianreid7368Ай бұрын

    God Bless You ‼️‼️Jamel You’re Special 💪🏾

  • @janam515
    @janam51512 күн бұрын

    ❤ good video! Love the simplicity.

  • @iramcc409
    @iramcc409Ай бұрын

    Great video. Congrats on your first fix and flip. Excellent job! Thanks for this video Jamel!

  • @jamelgibbs

    @jamelgibbs

    Ай бұрын

    Thanks for watching!

  • @dionneladson7443
    @dionneladson7443Ай бұрын

    Congrats on Gary's first flip. I think the Contractor didn't do the best job with all the mistakes and oversights, especially, the swing cord in the bedroom ceiling. Also, the shower door that's hitting the toilet should be moved to the right side and add a door stopper.

  • @nephewsque6751
    @nephewsque6751Ай бұрын

    Congratulations guys

  • @muiz4159
    @muiz4159Ай бұрын

    awesome first deal

  • @SeanWilson-iy1vo
    @SeanWilson-iy1voАй бұрын

    good information

  • @jamelgibbs

    @jamelgibbs

    Ай бұрын

    Thanks

  • @ngshomes2906
    @ngshomes2906Ай бұрын

    When you say stuff about how it looked before you show show visions and pictures of it before while you say that. Like aww man the back had this and that back there it was a mess “Flash the picture” I think this would be more attractive to the viewers I flip so would love to see before picture flashes as you walk through.

  • @ngshomes2906

    @ngshomes2906

    Ай бұрын

    Great great video though loved it !! We’re is the before video ??

  • @jamelgibbs

    @jamelgibbs

    Ай бұрын

    Appreciate the feedback. I don’t edit the videos, but we did add the previous videos in the cards for your viewing.

  • @Daniel-jk9ge
    @Daniel-jk9geАй бұрын

    Good video

  • @courtneybanks9
    @courtneybanks9Ай бұрын

    Do you recommend using contractors or subcontractors for flips?

  • @Daniel-jk9ge
    @Daniel-jk9geАй бұрын

    The podcast would be great

  • @DevinMostDangerousGantt
    @DevinMostDangerousGanttАй бұрын

    You the truth

  • @ngshomes2906
    @ngshomes2906Ай бұрын

    So the contractor on his original video explained you had 6 years to file a claim on The company that’s hired if something go wrong

  • @jamelgibbs

    @jamelgibbs

    Ай бұрын

    Not sure where you’re going with this

  • @tonytucker8651
    @tonytucker8651Ай бұрын

    This is why I dislike coaching and salesmen. Ultimately you are a salesman. He is not making 70k. Short-term capital gains taxes exist. So, he grosses 69k, but that is not his net. Also, how did you all magically come up with an appraisal of 25K higher 😂😂 without the realtor finagling the numbers he should gross 44K. Which isn't bad, but most of your audience won't understand this. Also, his having to use credit cards, HML, etc is a quick way to bankruptcy/failure. You don't mention how much you made for the wholesaling fee. He seems to be happy but has not sold the property yet. He doesn't know what he will make after holding cost. There is a lot of missing/ misleading information

  • @jamelgibbs

    @jamelgibbs

    Ай бұрын

    I appreciate your comment. But this is exactly why I dislike these types of comments…. 1. Capital gains tax is obvious, but this video wasn’t a deep dive into the numbers. Also, I mentioned that I handed him the deal. Whether I wholesaled it to him or not is irrelevant. Also what I made is irrelevant. 2. You called me a sales man. Real estate is sales.

  • @tonytucker8651

    @tonytucker8651

    Ай бұрын

    @@jamelgibbs Real estate is sales, but you are essentially taking high-risk individuals and combining them with high-risk debt all while making a profit whether the flip is sold or not. I reckon they are consenting adults

  • @zachdollar21

    @zachdollar21

    Ай бұрын

    $69k would be his net profit margin before taxes. No business refers to post tax, take home as your net profit. You take the gross margin and deduct all expenses, then you have your net profit. After you have your net profit, you pay taxes on that amount. I think you may be confused on the difference between net profit and take home after taxes.

  • @jamelgibbs

    @jamelgibbs

    Ай бұрын

    @zachdollar21 BINGO!!!