Creative Capital Podcast 8: House Flipping 101 with Eric Oden

Creative Capital

Josh Ferrari

Investing, Business

5 • 1.1K Ratings

🗓️ 16 June 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Eric Oden joins us today as we discuss the intricacies of flipping houses. Eric has flipped and rented over 30 houses in the last few years and has more than enough experience to tell us how to do the same!

Eric is a hard-working, dumpster-diving, Military-serving, house-flipping mastermind who "enjoys turning chunks of discarded coal into diamonds."

He has more than enough knowledge for us today as we discuss: how to find deals, what metrics to use to find a good deal, how to analyze a deal, how to find a reputable contractor, how to fund a deal, what insurance to get, and more. Don't miss this episode as we all learn how to make fast cash through real estate!

For the full episode transcription, visit our website @ https://www.ferraricapital.com/podcast/episode8

Transcript

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0:00.0	You're listening to the Creative Capital Podcast. You're dying to learn about how you can create
0:09.5	wealth through real estate investing, then you come to the right place.
0:13.0	Join in every week as we go over the ends and outs of real estate investing and
0:18.0	learn how you two can become financially free.
0:21.0	I mean if you're literally going in and painting the place and you're putting it back on the
0:27.5	market in three weeks you probably can do with a skinnier margin but if you're taking
0:32.3	on a project that's got $100,000 of rehab, I think you're
0:37.0	going to want to make more than $20,000.
0:39.3	What's going on everybody?
0:40.3	This is Josh Ferrari, host of the Creative Capital Podcast and today on the
0:46.6	show we have a Mr Eric Odin now I'm just going to give a little brief bio on
0:52.0	what Mr. Odin does.
0:55.1	He says he flips, he buys rentals, and he looks forward to getting their first multifamily
1:00.8	project.
1:01.8	He says, I enjoy the the process trying different deal structures
1:04.8	financing methods and turning chunks of discarded coal into diamonds. I've
1:09.2	been literally flipping trash into treasures my whole life.
1:12.6	As a kid we would be dumpster diving on Friday
1:15.2	and selling at the flea market on Saturday.
1:17.4	I want to be a part of responsible community renewal
1:20.3	without dislocating, hashtag gentrification.
1:24.3	He's an army engineer vet and a long time business to business, corporate sales and service
	...

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