BiggerPockets Real Estate Podcast
I Said I'd Never Flip a House...Why I’m Starting in 2025
Dec 18, 2024
James Dainard, a seasoned real estate investor and author of "The House Flipping Framework," joins to discuss his partnership with Dave, who’s venturing into house flipping despite initial reservations. They explore key investment strategies, including how to identify promising properties and crucial questions to ask before diving in. The duo details their recent Seattle acquisition, renovation plans, and potential challenges like asbestos. Dainard shares expert tips on building relationships with wholesalers and navigating property assessments, making this an insightful journey for aspiring flippers.
40:32
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Quick takeaways
- Dave's collaboration with experienced flipper James Dainard allows him to enter the flipping market without hands-on renovation skills.
- The podcast emphasizes the importance of swift decision-making and structural analysis when investing in house flipping projects.
Deep dives
Exploring a New Venture in House Flipping
The speaker, previously opposed to flipping houses, has embarked on a new project in collaboration with seasoned flipper James Dainard. This change in stance was influenced by witnessing the success of a friendly competition where James achieved significant profits in his flip. The speaker recognizes that participating in a flip can offer substantial financial upside, even when someone lacks construction expertise. The partnership with James, who has extensive experience in house flipping, presents an opportunity to learn and engage in a strategy previously deemed too risky.
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