Most people think you need a ton of money, experience, or construction knowledge to start flipping houses.
But in this interview, Robert breaks down how he completed his first fix and flip and made $40,000 in profit.
Alex Martinez & Robert talk through how he got started in real estate, how he found the deal, how he funded it using hard money and private money, what went wrong during the renovation, and the biggest lessons he learned from his first house flip.
Robert started with wholesaling real estate, then made the jump into fixing and flipping. This is a real look at what it takes to flip houses for beginners, including the mistakes, delays, contractor issues, pricing lessons, and money mindset shifts that come with doing your first deal.
If you want to learn how to flip a house, how to start flipping houses, or how to get into fix and flip real estate investing, this interview will give you a behind-the-scenes look at a real beginner's first successful house flip.
At Real Estate Skills, we help everyday people learn how to wholesale, fix and flip, and invest in real estate using proven systems, mentorship, and support.
🏠 To learn more about how we can help you get started, go to:
➡️ https://www.realestateskills.com/training?el=pod
🥇 Check out the #1 Program for Wholesaling & Flipping Houses Consistently:
➡️ https://www.realestateskills.com/pro-wholesaler?el=pod
In this video, you'll learn:
* How Robert got started in real estate
* How he found his first fix and flip deal
* How he funded the deal with hard money and private money
* Why he almost wholesaled the property instead
* The contractor mistakes and renovation surprises he ran into
* Why inspections matter before closing on a flip
* How termites and crawl space issues cost him $20,000
* Why pricing strategy matters when selling a flipped house
* The biggest lessons from making $40K on his first house flip
TIMESTAMPS:
0:00 Robert's First Flip Made $40K
0:30 How Robert Got Started In Real Estate
2:23 Finding Wholesaling With No Money
3:15 Joining Real Estate Skills & Going All In
3:45 From Wholesaling To Fixing & Flipping
5:26 What Gave Robert Confidence To Flip
6:39 Getting The Deal Under Contract
7:32 The Purchase Price, Repairs & ARV
8:39 How Robert Funded The Flip
10:05 Partnering With His Mom
11:35 Walking Away From A Bad Deal
12:35 Raising $80K In One Month
14:01 Paying Back The Private Lender
15:10 Starting The Renovation Process
16:10 Finding The Right Contractor
19:50 Managing The Renovation
21:16 The Biggest Renovation Mistake
22:52 Full Scope Of The Rehab
24:10 How Long The Flip Took
26:51 Pricing The Property Too High
28:32 Smart Listing Price Strategy
30:21 Price Drops & Getting An Offer
31:03 Negotiating Seller Credits
32:30 Closing With An FHA Buyer
34:08 The Hardest Part Of The Deal
37:49 Getting The Biggest Check Yet
40:36 Robert's Advice For Beginners
41:59 Your "Why" Has To Be Strong
42:49 Mindset & Perseverance
44:40 The Evolution Of A Real Estate Investor
46:29 How To Get Help Getting Started
#flippinghouses #howtoflipahouse #realestateskills
📝 Disclaimer:
Any examples depicting profits, earnings, or results should not be interpreted as typical for the average student. Assume the average person makes little to no money. The students depicted have purchased RealEstateSkills' advanced coaching services, and some of the students may now be working as one of our coaches. We have numerous documented successful deals from our coaching students, but we do not track each student and so we cannot provide a typical result. This business takes hard work.
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