How I’m Flipping 12 Houses (at Once!) All While Traveling

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 25 November 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

At the age of twenty-seven, this “rookie” has already completed over 100 real estate deals. The key to her success? She’s been in real estate since she was just seventeen years old. Seriously! By starting early and taking action, she has been able to make mistakes, sharpen her skills, and set herself up for success! Welcome back to the Real Estate Rookie podcast! While her peers headed off to college, Dominique Gunderson got her real estate license and started learning the ropes. Before long, she was wholesaling—using direct mail, flyers, cold calling, and other strategies to complete more than forty deals in just eighteen months. But that’s not all. She then used these profits to buy her first rental property in cash when she wasn’t yet lendable. Once she was priced out of her hometown of Los Angeles, she turned to New Orleans, where she started flipping houses remotely! Today, Dominique manages several projects simultaneously, and in this episode, she will walk you through her process for doing a long-distance flip—from building an out-of-state team to estimating rehab costs and managing contractors from afar. You’ll even learn about her exit strategy for the properties that don’t sell: the BRRRR method! In This Episode We Cover How to find off-market real estate deals and flip them for a profit in 2025 The key adjustments house flippers need to make in today’s housing market How to build your team for long-distance real estate investing The number one red flag to watch out for when hiring a general contractor Crucial tips for managing an out-of-state renovation project Estimating rehab costs and building a scope of work from hundreds of miles away How to fund your fix and flips (without the banks) through private money lending And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-488 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	Today's guest didn't just start young.
0:02.4	She started really young.
0:04.1	Dominique dove into real estate at just the age of 17, learning by doing rather than simply
0:09.8	studying.
0:11.1	And her action-oriented approach has paid off.
0:14.4	She started with wholesaling in Los Angeles, completing an impressive 40-plus deals in a
0:20.3	year and a half, and then expanded into long-distance
0:23.6	flipping in New Orleans. Now she manages multiple flips at once sourcing deals through
0:29.4	off-market strategies and uses her age as an advantage, not a hurdle. She's a powerhouse
0:35.8	investor on a mission to grow her business even more.
0:39.1	You won't want to miss this episode.
0:45.8	Welcome back to the Real Estate Rookie Podcast.
0:48.5	I'm Ashley Kerr, and I'm here with Tony and Jay Robinson.
0:52.2	And welcome to the podcast where every week, three times a week,
0:55.7	we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing
1:00.6	journey. And today, we want to welcome Dominique Gunderson to the Real Estate Rookie Podcast of Dom.
1:06.1	Thanks so much for joining us today. Yeah, thanks for having me. Super excited to chat with you guys,
1:10.6	all things house flipping. Well, let's start off with the beginning. How long have you been
1:15.2	investing in real estate and how many total deals have you done so far? I got started investing
1:20.3	right out of high school, actually. I jumped into real estate. I did a few different things with it
1:25.8	from being an agent, wholesaling, owning rentals,
1:29.9	and now my main focus is house flipping. But I've done over 100 deals so far. I started at 17 and
	...

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