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Flipping For Profit. Is it That Easy? with Elisa Covington

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Manage episode 482748838 series 3563810
Content provided by The Savvy Investor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Savvy Investor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Let Us Know What You Thought Of The Episode

In this episode, we are joined with Elisa Covington. Elisa shares her journey from landlord to full-time house flipper, offering practical insights into the realities of real estate investing. She discusses the challenges of early DIY renovations, the value of project delegation, and the systems she uses to manage multiple flips at once.

Key Topics:

  • Investment Fundamentals: Prioritizing data over aesthetics when evaluating properties.
  • Renovation Strategy: Balancing design vision with budget constraints; selecting finish materials directly.
  • Team Management: How to source and retain contractors aligned with investor needs.
  • Market Adaptability: Navigating shifting conditions with contingency planning.
  • Advice for Beginners: Start small, seek mentorship, and build confidence gradually.
  • & more!

Follow Elisa on Instagram: @transformedrealestate
Learn more about our Trusted Partner - SingleKey
Used by more than 150,000 homeowners across the U.S. and Canada, SingleKey is a digital platform that helps property owners make more informed decisions when selecting tenants and managing their risk. Their tenant screening service, automated rent collection tool, and Rent Guarantee Program bring trust, transparency, and accountability into the rental process, allowing homeowners, renters, property managers, and realtors to rent risk free.

Stop guessing with tenants. SingleKey’s got the tools: Screening, automated rent, and a Rent Guarantee. Used by 150,000+ landlords. Don’t risk it. Get SingleKey.

Use promo code SAVVY10OFF or use the link below to login into your SingleKey account or create a new account. Savvy members are entitled to an exclusive recurring 10% discount on all single credit bureau reports regularly priced at $29.99.

Would you like to learn more? Visit: https://thesavvyinvestor.ca/singlekey

Savvy Investor Links:

Website: https://thesavvyinvestor.ca
Instagram: https://www.instagram.com/savvy_investors
YouTube: https://www.youtube.com/@thesavvyinvestor

Join our Savvy Squad Community for 14 Days Absolutely FREE! https://thesavvyinvestor.ca/join

Disclaimer: The views and advice expressed on this podcast are those of the participants and do not necessarily reflect the opinions or beliefs of the podcast host or affiliated parties. The content is for entertainment purposes only and should not be considered as professional financial, legal, or investment advice. Listeners are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The podcast host and producers are not responsible for any actions taken based on the information provided.

  continue reading

61 episodes

Artwork
iconShare
 
Manage episode 482748838 series 3563810
Content provided by The Savvy Investor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Savvy Investor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Let Us Know What You Thought Of The Episode

In this episode, we are joined with Elisa Covington. Elisa shares her journey from landlord to full-time house flipper, offering practical insights into the realities of real estate investing. She discusses the challenges of early DIY renovations, the value of project delegation, and the systems she uses to manage multiple flips at once.

Key Topics:

  • Investment Fundamentals: Prioritizing data over aesthetics when evaluating properties.
  • Renovation Strategy: Balancing design vision with budget constraints; selecting finish materials directly.
  • Team Management: How to source and retain contractors aligned with investor needs.
  • Market Adaptability: Navigating shifting conditions with contingency planning.
  • Advice for Beginners: Start small, seek mentorship, and build confidence gradually.
  • & more!

Follow Elisa on Instagram: @transformedrealestate
Learn more about our Trusted Partner - SingleKey
Used by more than 150,000 homeowners across the U.S. and Canada, SingleKey is a digital platform that helps property owners make more informed decisions when selecting tenants and managing their risk. Their tenant screening service, automated rent collection tool, and Rent Guarantee Program bring trust, transparency, and accountability into the rental process, allowing homeowners, renters, property managers, and realtors to rent risk free.

Stop guessing with tenants. SingleKey’s got the tools: Screening, automated rent, and a Rent Guarantee. Used by 150,000+ landlords. Don’t risk it. Get SingleKey.

Use promo code SAVVY10OFF or use the link below to login into your SingleKey account or create a new account. Savvy members are entitled to an exclusive recurring 10% discount on all single credit bureau reports regularly priced at $29.99.

Would you like to learn more? Visit: https://thesavvyinvestor.ca/singlekey

Savvy Investor Links:

Website: https://thesavvyinvestor.ca
Instagram: https://www.instagram.com/savvy_investors
YouTube: https://www.youtube.com/@thesavvyinvestor

Join our Savvy Squad Community for 14 Days Absolutely FREE! https://thesavvyinvestor.ca/join

Disclaimer: The views and advice expressed on this podcast are those of the participants and do not necessarily reflect the opinions or beliefs of the podcast host or affiliated parties. The content is for entertainment purposes only and should not be considered as professional financial, legal, or investment advice. Listeners are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The podcast host and producers are not responsible for any actions taken based on the information provided.

  continue reading

61 episodes

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