BiggerPockets Real Estate Podcast

I Said I'd Never Flip a House...Why I’m Starting in 2025

19 snips
Dec 18, 2024
Guest
James Dainard
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.
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ANECDOTE

The Bet

  • Dave Meyer bet on James Dainard in a house-flipping competition on their podcast, "On the Market".
  • James's success in that flip sparked Dave's interest in trying the strategy himself.
ANECDOTE

Late-Night Creeping

  • James found a potential flip and sent Dave a late-night video walkthrough.
  • The video highlighted key features, potential costs, and James's enthusiasm for the property.
ADVICE

Time Kills Deals

  • Act quickly on good deals; time kills deals in real estate.
  • Relationships with wholesalers are crucial for finding off-market opportunities.
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