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387: The Step-by-Step Guide to Flipping Houses and High-ROI Home Renovations w/James Dainard

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Podcast by BiggerPockets
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Want to begin flipping houses in 2024? With this popular investing strategy, you could build a lucrative and flexible real estate business. All any rookie needs to get started is a few skills and a little know-how, and there’s no better person to get you up to speed than today’s special guest!

Welcome back to the Real Estate Rookie podcast! Today, we’re joined by James Dainard, investor, master house flipper, and co-host of the On the Market podcast. James has flipped over 3,000 homes to date, and in this episode, he’s going to show you how to flip your first house, step by step, from start to finish. From creating an accurate budget (and sticking to it!) to choosing home renovation projects that deliver the highest return on investment (ROI), this masterclass has everything you need to make your first flip a successful one.

 

You’ll learn how to find the best contractors for your rehab, strategies to keep your project on track, and why you should involve your real estate agent throughout the entire project—not just when it comes time to list your property for sale. James even shares his own flipping horror story that cost him hundreds of thousands of dollars and the biggest lessons learned from that experience!

In This Episode We Cover

How to plan a successful house flip from start to finish

Keeping your project on track with a construction contract

How to build an accurate budget before starting your rehab project

Getting the highest return on investment from your home renovations

How to source contractors and materials for your house flips

Cost-effective design upgrades that add value to your property

Why you MUST involve your realtor or broker throughout your rehab project

And So Much More!

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-387

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