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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Пікірлер: 34
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Congrats Gary! That is an amazing achievement!
IAM so prove of you son you make me happy you are doing good God is good all the time love your mom Addie.
Take a shot every time Jamel said Came out really good bro
My man from the 757representing.Im so proud of you my dude !.Pops would be proud of you and Alberta
Awesome...Go Gary. On to the next one !
Congrats Gary ! Get it on the market and make that money! Job well done!
Awesome.I was waiting to see this.Congratultion Gary🎉
5 star video, show so much information, coaching awesome!!
@jamelgibbs
Ай бұрын
Glad you liked it!
The attention to detail and creative solutions in this renovation were truly impressive!
God Bless You ‼️‼️Jamel You’re Special 💪🏾
❤ good video! Love the simplicity.
Great video. Congrats on your first fix and flip. Excellent job! Thanks for this video Jamel!
@jamelgibbs
Ай бұрын
Thanks for watching!
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.
Congratulations guys
awesome first deal
good information
@jamelgibbs
Ай бұрын
Thanks
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
Ай бұрын
Great great video though loved it !! We’re is the before video ??
@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.
Good video
Do you recommend using contractors or subcontractors for flips?
The podcast would be great
You the truth
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
Ай бұрын
Not sure where you’re going with this
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
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
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
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
Ай бұрын
@zachdollar21 BINGO!!!