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On The Market

200: Flip/Off: Whose House Flip Can Pull In the Biggest Return? (Dainard vs. Washington)

On The Market

BiggerPockets

News, Investing, Business, Education

4.8820 Ratings

🗓️ 21 March 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

James Dainard, a house flipper in Seattle, Washington, has been on a flipping spree for the past two decades. He’s flipped more homes than you can count, made tens of millions in the process, and has built multiple massive businesses to support his flipping fixation. In the shadows, his young(er) protégé, Henry Washington, has been learning his every move and trick of the trade. To beat the top flipper, he must…become him. Now, these once brothers-in-flipping will face each other head-to-head in the money-making competition no one asked for but we wanted to make. This is FLIP/OFF. Welcome to the 200th episode of On the Market! *confetti pops, fireworks go off* This time, we’re doing something special. This show will be a battle of the house flippers, as Henry and James detail two recent flips they’re working on and battle against each other to see who can score the highest return. Both of these deals are almost unbelievable in how high their cash-on-cash returns are, so if you want to know how REAL money is made in real estate, this is the show to catch! Stick around because we’ll get into every detail and number behind these deals. Plus, we’ll be giving you deal updates soon, showcasing each flip and the progress our panel is making. Vote for your favorite flip on the BiggerPockets Instagram or the On the Market YouTube channel!  In This Episode We Cover: A house flipping competition like never before (and the punishment at stake/steak for the loser) James’ quick flip that could turn into a HUGE return in just a matter of months House flipping risks and how longer timelines and delayed permits can destroy your profits Henry’s home-run house flip that could make even MORE money than James’ much more expensive home Burst pipes, flooding, mold, mildew, and even more fun surprises from one of these flips Our favorite On the Market episodes of all time! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile  Kathy's Instagram BiggerPockets' Instagram Get All the Numbers from Henry’s and James’ House Flips Our Favorite Episodes: Homebuyers Are Getting Crushed: Are Landlords the Cause Why NFL Players Are Buying Real Estate During the Recession Listener Deals: https://www.biggerpockets.com/blog/on-the-market-92?utm_source=youtube&utm_medium=description&utm_campaign=none https://www.biggerpockets.com/blog/on-the-market-94?utm_source=youtube&utm_medium=description&utm_campaign=none Check out more resources from this show on BiggerPockets.com: https://www.biggerpockets.com/blog/on-the-market-200 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome everyone to this very special episode of On the Market.

0:11.2

James, Kathy, and Henry are here.

0:13.5

And we are super excited because we did it.

0:17.0

We have made it through 200 episodes of On the Market.

0:22.6

Can you guys believe this?

0:24.3

I can't believe it.

0:25.4

Where did the time go?

0:26.6

I feel like I've blacked out for the last two years.

0:28.9

Like I truly don't remember recording 200 episodes of this show.

0:35.2

And I've been on at least, I think, like, $195.

0:38.1

I was going to say, you're on most of them.

0:40.0

I don't know.

0:41.2

But maybe that's just like one of those things where time flies when we're having fun.

0:44.9

I told my wife and she's like, well, that just means you're getting older at times flying

0:48.1

Emma.

0:49.1

So I was like, yeah.

0:50.9

She's right. I was looking for congratulations, but I just got called old instead.

0:55.4

Well, we are going to take a little bit of a victory lap in a minute just to share our favorite episodes and moments from the show.

1:01.7

But we do have a great, really cool, maybe one of the coolest ideas for a show we've ever had today.

1:07.5

Have you guys seen the movie face off?

1:11.2

Yeah.

1:11.6

Nicholas Cage, John Travolta.

...

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