Think ugly, cheap houses aren’t worth your time? Think again. In this episode, Stephanie Lombardo shares her secrets to finding rundown properties, adding value, and flipping them for big profits. She explains why mid-level flips are perfect for beginners and how to avoid costly mistakes. You’ll also learn her strategies for working with contractors, deciding between flips and rentals, and balancing real estate with family life.

KEY TALKING POINTS:

0:00 - Introduction

0:41 - An Overview of Stephanie Lombardo’s Business

1:15 - Why She Decided To Start Flipping Houses

2:03 - Hard Lessons She’s Learned In Business

4:23 - Working With The “Ugly, Cheap” Flips

8:58 - The Impact That House Flippers Have

11:00 - How Her And Her Husband Divide The Work

12:23 - Stephanie’s Coaching Business

14:22 - How She Decides What To Keep As A Rental

17:00 - Her Advice For Aspiring Flippers With Analysis Paralysis

18:29 - Outro

LINKS:

Instagram: Stephanie Lombardo

https://www.instagram.com/flippinempire/

Website: Stephanie Lombardo

https://flippinempire.com/

Instagram: David Lecko

https://www.instagram.com/dlecko

Website: DealMachine

https://www.dealmachine.com/pod

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/

301: Why Cheap And Ugly Houses Are Gold Mines For Flippers