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How to Start Flipping Houses as a Beginner

Darius Welch | Personal Finance u0026 Entrepreneur 329 views

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What if some one is able to aquire a abandoned house how does this scenario work
Comment from : @AnthonyM3168

Question: How do you have time to send a contractor to assess remodel cost without someone buying the property out from under you? Thanks!
Comment from : @rjrafferty

I wanna start flipping! I’m from MA and 20 years old, cool to see MA in a video!
Comment from : @jolierossi33

GREAT VIDEO! you make it sound so easy!
Comment from : @andreasamuels5875

I live in MA, and this video gave me the motivation I needed at the right time Thank you!
Comment from : @Diiana_Morilloo

How did you get $80000 Through saving or loans? Are there grants to apply for?
Comment from : @precioushomedesignswithjas9344

Best video ever Do you have master classes for starters?
Comment from : @nivesyundze6306

Do you need your real estate license to buy in fliphouses
Comment from : @cherrylove8431

thanks for the info everything was so clear and to the point brother 🙏🏻
Comment from : @aclorez557

My brother and I are about to embark on this journey, very nerve wracking but your video was clear, simple and straight to the point Thank you for your advice!
Comment from : @danielherrera8177

So how did you get the deposit money? Did the lender give you the money for the deposit? And what was the full timeline of the deal?
Comment from : @arshsingh4273

Thanks bro great info I'll pay it forward
Comment from : @JORDANb826

Thank you i need to start my own business Help me, please
Comment from : @tmoses888

This man giving real sauce glad I found this video
Comment from : @rece_muney7373

how do you get 80k disposable income at the age of 23?
Comment from : @fumetsu-950

You make it sound soooooo easy
Comment from : @lightskinn8071

How can I get a hard money lender that will do the 100 property loan and renovation in Massachusetts?
Comment from : @luisll7969

can you be under 18 years old to flip or do i have to be exactly 18 years old to start?
Comment from : @AshantiiBell-f1p

Great video Very informative I so appreciate it I liked and subscribed 😊
Comment from : @lenak1438

How much did the whole renovation cost you? Specially the kitchen and the bathroom how much did it cost each? How much money did it cost you in interest doing it with the hard money lender and how much you had to pay in taxes to the government?
Comment from : @Ysvnmnks

What if we have no contractor friends
Comment from : @sonic-bb

Very useful, thank you!
Comment from : @MariiaRetiunina

Great video great explaining, I have just a question let’s say I found a house that costs 300k after doing the 70 rule the price goes down to 210k minus the repairs let’s say for an example 50k that’s 160k so I should try and buy the house for 160k?? It’s seams to little considering that the house was 300k and 160k is almost half that price please let me know if I got it wrong thanks bro
Comment from : @MohamedRida-d9q

Honestly, thank you so much ❤
Comment from : @monie9867

Question: brWhat are some of the things that could cause you to lose money flipping houses you stated a few towards the end of the video but as an early investor are there any other red flags?Great video and thanks for sharing
Comment from : @originalnuwrld438

Best video ever with clear details Thank you
Comment from : @oluwabunmioba3115

Is there any way to get a private money lender without going to meetups, like online or something like that? Also how could I prove to said lender that I am reliable enough for them to make that investment, assuming they wont check credit?
Comment from : @chesstrackz

So, just to understand a bit more, let’s say the house cost $80K, and the renovations were another $85K, you would borrow $165k from a private lender So when you sell the house, you pay them the initial amount owed plus a percentage right?
Comment from : @jayparis1805

Wish me luck Finna start
Comment from : @Abp_bee

Hello, my husband and I are looking to do exactly what you do I did shoot a text… thanks
Comment from : @TeeAndBennieIvy

How do you know whether to use 70 or 75? Most says use 70 but does 75 still cover everything?
Comment from : @michaeljdoud9012

are you able to teach me if yes please let me know in the comment
Comment from : @ateqameri7399

Video is silent for me 🤔
Comment from : @TCG_Goblin

Thank you!
Comment from : @chevonsmiley3786

Cause I moved back to Ohio n there are hella desolate houses that could use some help
Comment from : @gracesplace3449

Any suggestions for my very first step ?
Comment from : @maseletsgetit5526

Thanks for the vid! Really helpful content, sir! Was wondering how long it took you to flip your first home?
Comment from : @gussingleton9571

I am 15 and going to be buying and flipping my first house by 16
Comment from : @HarrisonSchmidt-q4s

how smart amd sweet youtuber you are i wish you the best for you and your business to helping people
Comment from : @LovelyNomad2024

I’m from Leominster
Comment from : @TheDivineone-of999

What about getting the money I don’t have 80 thousand dollars to buy a rundown house to flip
Comment from : @DrewTubeTv914

So selfless for sharing the video Thank you 🙏🏽
Comment from : @princedeux8923

How long did it take till you completed it
Comment from : @HemiRupapera

These deals are tough in 2024 here in MA AND; getting local contractors to view a property to submit an esimate is nearly impossible! You need to have that relationship established already Speaking of that, how do you divide up what each of you brings to the table? Your real estate and funds, his contracting work --- how do you ensure equal input/reward?
Comment from : @dawnfoster6530

I noticed you mentioned it's a risky business and you can lose a lot of money Can you make a video talking about the risky aspect and the downside of flipping houses What can go wrong and what's the worse scenario?
Comment from : @Sergio-e5y

The more you upgrade the house the more it's worth
Comment from : @alexander1982miller

See how much a house in good condition is in that area
Comment from : @alexander1982miller

You shouldbuy empty land and build houses
Comment from : @alexander1982miller

After you paid the lender back how much did you walk away with?
Comment from : @rgr780

Well done
Comment from : @davidjohn4364

Idk bro some stuff that you are saying is not adding up
Comment from : @mariohosea4782

I got such a passion for architecture and this is an amazing way to turn that hobby into a business
Comment from : @Gravitation3Beatles3

I’m Italian and I live in here I would like to start with real estate flipping because in here this business isn’t arrived yet and all the houses are so old Can we talk about this? Thanks
Comment from : @antonellaarmetta

So the private lender spent 80k to purchase the home and 85 to remodel? U sold it for 300k after u paid back the lender $165 ur profit was 100k and the lender and urself split the profit? Is that right?
Comment from : @cristinagarza9813

Awesome information Darius Thanks for sharing I have been thinking how to do something like this, but I am still thinking, not sure how to start
Comment from : @TimeFreedomMindset-kw7fy

Would you recommend doing the renovations myself to save money or hiring a contractor?
Comment from : @Humanoid_Ty

Do I have to have any type of license to purchase a run down house and flip it because I have everything in place in just trynna close the deal but I don’t know if I need a license
Comment from : @mattkonoboy1456

Do my contracts have to be notarized
Comment from : @jamessartain59

I live in the Bay Area i feel like it’s so hard here since every house is so expensive like a mill
Comment from : @gilbertsuarez8025

how much have you profited total from all the properties you have flipped?
Comment from : @boogusman5893

Good review Did the private lender finance the renovation cost as well?
Comment from : @jrs997

Good evening Sir, how much did you have to pay your private lender back out of your profit?
Comment from : @dorianrussell6870

For me it sounds too good to be true What are the downsides of this? For example when once you put it out on the market for sale you are not guaranteed to get the price you want, there’s a chance you might need to lower the price down which could lead to less profit
Comment from : @bastianzuniga9218

a 2bd house in massachusetts for 300k ripoff
Comment from : @jmontour5933

Amazing video brother, Thank you You really answered a lot of unanswered questions for me and made me more comfortable with taking that first step
Comment from : @AngelGonzalez-p1f

Very detailed process explanation thank you!
Comment from : @withny1234

What if i don’t pay any taxes lol im self employed on a family owned business brDo wanna start flipping houses i have a 740 credit score
Comment from : @vvs1855

I already purchased 5 houses all cash buys I rented them out for a few years but now i want out of the rental game… I think fixing and flip would be lucrative but I don’t know how to obtain the property other than buying cash
Comment from : @guccirobtv

So need a real state license and a llc?
Comment from : @TexasBandit911

What if you use the formula and the listing price is significantly less ?
Comment from : @Lando50Cal

How much of your own money did you start off with? I see that you borrowed $130,000 from a private money lender, that was enough to purchase the home, hire a contractor, and renovate the home? I see you purchased the home for $80,000 and the renovations were $85,000 so im a little confused
Comment from : @ant2831

Does anyone know what lender he’s using ? I haven’t found a 0 money down lender
Comment from : @alexisscott5782

Hey @darius what’s the best way to get started and how do you get successful
Comment from : @Sosatrucking

Hi Darius, thanks for this video We will test the waters on this one One thing I would like to ask, which was not mentioned in the video is how much was the private money lender paid?
Comment from : @RicardoJrChua

What did you just stated?😮
Comment from : @elimelechsl3246

So if a private money lender loan u 180k how much are they looking to get back ?
Comment from : @ShanelChelzz

For these abandon homes how do u even find the owners?
Comment from : @ShanelChelzz

You started to talk about “not having to deal with your Leander in court” could you explain all that could go wrong and maybe lay down some ground rules to help better understand how to go about dealing with a Leander and what rules you should set in place
Comment from : @AlysiaWard-m4r

Question: how do you know what to tell the contractor to bid on if you don’t know what needs fixed?
Comment from : @chriswilliams7601

Do you think a 14 year old could start doing this?
Comment from : @Angelsentfromgod

how can I flip a house with on money down
Comment from : @davidstrange-jc1uq

bro this video is priceless!
Comment from : @Abdullah-ew9zz

Did you go to a real estate school or did you do it alone ?
Comment from : @kyapatrick3185

Can you buy a home while flipping houses
Comment from : @joeroland6228

Could you help me understand the 075 rule better please? Thanks a lot for the great video!
Comment from : @taba8218

Really helpful video 👌
Comment from : @juanurena8423

Wow Thank You this helped me ❤
Comment from : @ilydior

Thank you so much for the information Do you need to take a loan for the renovation fees?
Comment from : @fortunemasamba5782

on behalf of the ppl just starting Thank you for not beating around the bush and giving us concrete advice to save our butts
Comment from : @Ryan719c0

Thank you!!
Comment from : @leslieamani8386

How did you structure your pml terms? Are they pre qualifying you for 80k loan? Were you making interest only payments? Or did they just want their bottom line profit at the end? Thanks!
Comment from : @galaxygolden