How To Flip Houses Step by Step (HOUSE FLIPPING 101)!

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This comprehensive guide provides proven strategies, highlights common pitfalls and how to avoid them, and offers actionable steps real estate investors can take today.

In this video, you’ll discover:

📈 Step-by-Step House Flipping Guide: Each of Alex's 15 steps is broken down to ensure you can manage every aspect of your house flip.

🏠 How to Flip Houses: Essential tips and techniques to start your house flipping journey.

🔨 Fix and Flip Strategies: Learn the best practices to flip houses successfully and profitably.

We put a lot of time and effort into this video to make sure you’re able to immediately take action flipping houses today - whether you’re advanced or even a beginner!

If you’ve been wondering how to flip houses, then this is the perfect video for you to watch, study, & implement!

STEP 1. Pick Your Market: Choose whether to flip houses locally or through virtual wholesaling.

STEP 2. Find Your Money (Lenders): Secure financing options to fund your house-flipping projects.

STEP 3. Find Your Contractor(s): Identify reliable contractors to carry out the necessary renovations.

STEP 4. Find Your Agent (Front-End & Back-End): Work with agents to help buy and sell the property.

STEP 5. Find & Filter for Distressed Houses: Locate properties that offer the best flipping potential.

STEP 6. Make Discovery Calls to Agents: Contact real estate agents for on-market and off-market deals.

STEP 7. Further Analyze the Property: Assess the ARV (After Repair Value), repair costs, and potential profits.

STEP 8. Call the Agents Back & Submit Offer Terms: Present genuine and realistic offers to secure deals.

STEP 9. Offer Accepted & Due Diligence: Perform thorough due diligence after an offer is accepted.

STEP 10. Buy the Property: Complete the purchase process efficiently.

STEP 11. Renovate the Deal: Manage the renovation process to add maximum value to the property.

STEP 12. Get It Listing Ready & Put On the MLS: Prepare the property for listing and market it effectively.

STEP 13. Field Offers & Negotiate: Handle incoming offers and negotiate terms to maximize profit.

STEP 14. Accept an Offer: Finalize the best offer for your flipped property.

STEP 15. Officially Close on the Deal & Get Paid: Complete the closing process and enjoy your profits.

This video is perfect for beginners looking to break into house flipping, providing a detailed, step-by-step approach. Whether you're flipping a house for the first time or looking to refine your process, Alex’s insights will guide you through every stage.

TIMESTAMPS:
0:00 Introduction
0:32 Step 1: Pick Your Market
3:51 Step 2: Find Your Money (Lenders)
14:32 Step 3: Find 3 Contractors
18:50 Step 4: Find Investor-Friendly Agents
23:18 Step 5: Find Houses to Flip
31:11 Step 6: Make Discovery Calls to Listing Agents
37:44 Step 7: Further Analyze the Property
53:23 Step 8: Call Agents Back & Submit Offers
57:57 Step 9: Offer Accepted / Due Diligence
1:03:19 Step 10: Closing the Property
1:04:09 Step 11: Renovate the Deal
1:09:04 Step 12: Get it Listing Ready & Put it on the MLS
1:13:29 Step 13: Field Offers & Negotiate
1:15:15 Step 14: Accept the Offer
1:20:02 Step 15: Close the Deal & Get Paid!

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#houseflipping #flippinghouses #realestateskills

📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.

[jennifersilletto]

I haven't finished this video as I am commenting but you should add about forming LLCs and how to keep track of expenses etc

[josemoran]

Great video thanks so much for the information 🙏

[NyAsiaHagans]

Wow this a great video! I've been looking for a true step by step!

[delisawilson]

Thanks for all the in-depth information, your help is greatly appreciated

[SunniHorizons]

This is really great information! I’m definitely going to watch it twice. Thank you 🙏🏼

[michaeldeutsch]

Thank you for this video...I learned a lot!

[ShazinScrubs]

Hey Alex. Thank you for the insightful video. I do have 2 follow up questions;

1) Using the 65-70% rule, I reversed engineered the deal and I’m finding that a good MAO would be in the $300s to have a good profit margin, estimating 15% for soft costs and carrying costs. Does that sound about right?

2) For the HML cost, how is that repaid? You pay the interest upfront then the whole loan amount upon closing?

I appreciate your time!

[mannicervantes]

Quick question not sure if I missed it or you haven’t said anything but when you find a real estate agent to help you find deals she/he will be a buyers agent so who pays them

[mohanmamidala]

Wow.. great in detail. But one point is missing. As a newbie how do we decide what needs to be remodeled ? What can give the value to the property.

[rebeccasellstheshore]

As a realtor I loved this video! Just think 1.5% to list-market and stage 😮

[-LUQUIN-]

What could be a fair percentage to split the profit if I buy a house and my partner put the the renovation to sell it.

[Oldpathsnm]

Tried to sign up for the free training but it keeps telling me my email is invalid- but it’s not. 🤷🏻‍♀️

[arshiaagah]

How come we are not also subtracting the repair cost from the ARV in the MAO formula?

[RossoCorsaGallery]

In step 7 you mentioned the purchase price is "440", all the cost calculations are based on that number but aren't you doing this step to actually calculate the purchase price?

[ireneeblock]

Love this video, super informative! I’m a Realtor for Compass serving all of the North County. Investor friendly agent ☺️ Hit me up, I can help!