How to Start Flipping Houses for Huge Profits in 2025 (Step-by-Step!)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 13 November 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Can you still make huge profits from real estate in today’s market? While high interest rates and inflated home prices can make it difficult to find a cash-flowing rental property, there’s another strategy that delivers big returns—if you can stomach the extra risk: house flipping! Welcome back to the Real Estate Rookie podcast! James Dainard is a master house flipper, co-host of the On the Market podcast, and, most recently, author of The House Flipping Framework. With over eighteen years of real estate investing experience and more than 3,500 projects under his belt, James knows more than a thing or two about this lucrative investing strategy. Today, he joins the show to share a few tips from his new book—like how to find the right deal, choose high-quality contractors, and keep your project on budget! Whether you’re new to flipping houses or you need help with home renovations, this episode is loaded with advice to help you start and stand out. You’ll learn everything from choosing a market and analyzing distressed properties to building your team, estimating rehab costs, and more! In This Episode We Cover: How to start flipping houses and stand out in a tough housing market The “biggest lie” in real estate that will stop you from making a profit Why finding a flip-friendly real estate broker is crucial to your success How to calculate your annualized return (and why it matters for house flips) How to choose the right market and build your team for out-of-state projects The step-by-step process for building out an accurate scope of work Staying on budget (and on schedule) with cost-effective home renovation tips And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Put Your Vacation Rental on Autopilot with Hospitable Buy James’ New Book “The House Flipping Framework” Find an Investor-Friendly Agent in Your Area Flipping Houses: How to Get Started and Everything You Should Know Connect with James (00:00) Intro (01:11) Planning Your Project (05:48) House Flipping Returns (14:39) How to Choose a Market (19:11) Building Your Team (26:06) Estimating Rehab Costs (36:09) 3 Tips for Selling Flips (39:49) Connect with James! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-482 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

Click on a timestamp to play from that location

0:00.0	Real estate investors often eventually find their niche, whether it's buy and hold, short-term rentals,
0:06.0	burs, but today we are joined by an expert in flipping to talk through what to expect for flips in 2025.
0:14.6	High interest rates aren't going anywhere anytime soon, so how do you need to adjust your flipping
0:19.6	strategy to still be successful in today's
0:22.3	market? We're going to get into everything from how to analyze a flip through low-cost renovation
0:27.3	tips. So welcome back to the Real Estate Rookie podcast. I'm Ashley Care and I'm joined with my co-host,
0:33.7	Tony J. Robinson. And this is the podcast to help you kickstart your real estate investing journey.
0:39.1	And we are so excited, as always, to have none other than James Dainert on the podcast.
0:43.5	Once again, and if you don't know James, he's not only an expert in the world of flipping,
0:48.1	but he's also one of the hosts of our sister podcasts on the market.
0:51.5	And he's also the author of the newest Bigger Pockets book, The Flipping Framework.
0:56.7	So, Jimmy, welcome to the show, brother.
0:58.1	You know what?
0:58.6	I got to say, I never thought Annie would ever call me an author.
1:02.7	But here we are.
1:03.8	But here we are.
1:05.0	The world is changing.
1:07.2	I'm happy to be on with you guys.
1:09.4	You guys are like some of my favorite people to chop it up with.
1:11.4	Well, James, we're here to talk about your new book, the flipping framework. But to kind of start
1:17.7	it off, let's give some value add right away. What is something that makes a flipper stand out?
1:23.5	Something that gives you, that edge that gives you those successful flips.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.