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

Real Estate Skills Podcast

Here’s EXACTLY How To Flip Houses Step-by-Step! Alex Martinez, CEO and founder of RealEstateSkills.com, outlines the 15 crucial steps to successfully flip houses from start to finish.

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🔥Watch our FREE TRAINING to learn how to Wholesale, Flip, & Buy Rentals from the MLS without having to do any marketing:

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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!

🥇Check out our Ultimate Investor Program on How To Get Started Wholesaling, Flipping & Buying Rental Properties:

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📚Get The FREE Downloadable Resources To Kickstart Your First Fix & Flip Deal:

✅ Download our "Comp Criteria Cheatsheet”

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✅ Download our "Scope of Work Template”

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📝 Disclaimer:

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