Welcome to part two of a rehab estimation masterclass with real estate mogul James Dainard! As mentioned in part one, James has created a multi-level brokerage where he has been involved in 3,000 transactions. His excess experience has allowed him to create an almost scientific process for his flips. In today’s podcast, James builds off part one and gives you a step-by-step guide on how to emulate the process that has given him his success.
James goes over what and who to bring when visiting a property, closing on a property, writing a contractor contract, and finalizing a project to perfection. Each process includes tedious details that may seem daunting at first, but as the saying goes, the devil is in the details. While the initial steps may seem meticulous, once you begin making the process repeatable and do it continuously, it's second nature. James perfected his flipping and renovation processes through trial and error, and if you listen closely you can avoid commonly made mistakes and have an advantage over most new investors. To be the best you have to learn from the best—so listen closely!
Links from the Show
Ashley's Instagram
Tony's Instagram
BiggerPockets
Real Estate Rookie Podcast
Rookie Podcast 165: A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1)
Biggest Red Flags When Buying a House (Flips and Rentals)
Apple
BiggerPockets Youtube Channel
BiggerPockets
Luxury Farmhouse Flip | Breakdown Walkthrough - w/ Ashley Kehr
Check out the full show notes here: https://biggerpockets.com/blog/rookie-166
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