House flipping can make you wealthy. Everyone has seen the TV shows, podcast interviews, and the high-priced renovations, even in their own neighborhoods. But what if where you live is WAY too expensive to flip houses? The home costs are high, the labor costs are high, and underpriced, outdated homes are hard to find. Thankfully, you’re not out of luck. Today, we’re teaching you how to flip houses from a distance, even thousands of miles away!
Dominique Gunderson is currently flipping 12 houses from 2,000 miles away. Yes, it’s possible (and profitable), and Dominique has made it her full-time business. As a Los Angeles native, Dominique couldn’t afford anything in her home market, but through visiting family in New Orleans, she realized it was the perfect place to flip. So, she slowly started scaling a team that would allow her to be anywhere in the world while she ran her business.
In only her mid-twenties, she’s been able to build a team that takes care of the renovations and rehabs for her while she handles finding the deals and getting the funding. Today, she’s teaching you how to do the same: build your out-of-state team, scale the right way, and when (and how) to delegate so you don’t do all the work. She’s even breaking down her profit margins and revealing how much you can actually make flipping in affordable markets.
In This Episode We Cover:
How to flip houses anywhere (and FROM anywhere!) without doing the work yourself
How much long-distance flips can make you in 2025 (Dominique’s profit margins)
Building your boots-on-the-ground team to handle renovations for you
When to flip vs. hold and signs a flip should become your next rental property
The secret to scaling your team so you can do less work and make more money
And So Much More!
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BiggerPockets Real Estate 587 - Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson
Connect with Dominique
Connect with Dave
(00:00) Intro
(03:35) Long-Distance…Flipping?
(05:28) Flipping 12 Houses at Once!
(07:52) Building Your Team
(12:49) First Deal and 2025 Profits
(19:13) Keeping Flips as Rentals
(22:06) Secrets to Scaling
(31:38) Keep it Small (But Scalable!)
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1096
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