How to Do Your FIRST House Flip in 2024 (A Step-by-Step Guide)

Want to begin flipping houses in 2024? With this popular investing strategy, you could build a lucrative and flexible real estate business. All any rookie needs to get started is a few skills and a little know-how, and there’s no better person to get you up to speed than today’s special guest!

Welcome back to the “Real Estate Rookie” podcast! Today, we’re joined by James Dainard, investor, master house flipper, and co-host of the “On the Market” podcast. James has flipped over 3,000 homes to date, and in this episode, he’s going to show you how to flip your first house, step by step, from start to finish. From creating an accurate budget (and sticking to it!) to choosing home renovation projects that deliver the highest return on investment (ROI), this masterclass has everything you need to make your first flip a successful one.

You’ll learn how to find the best contractors for your rehab, strategies to keep your project on track, and why you should involve your real estate agent throughout the entire project—not just when it comes time to list your property for sale. James even shares his own flipping horror story that cost him hundreds of thousands of dollars and the biggest lessons learned from that experience!

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1):
https://www.biggerpockets.com/blog/ro...
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Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard:
https://www.biggerpockets.com/blog/ro...
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Rookie Reply: Estimating Rehab Costs, Finding “Hard Money,” & Tax Planning:
https://www.biggerpockets.com/blog/ro...
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Watch James on the “On The Market” YouTube Channel:
   / @bponthemarket  
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Hear James on the “On The Market” Podcast Wherever You Listen to Podcasts:
https://link.chtbl.com/OTM
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Connect with James:
BiggerPockets: https://www.biggerpockets.com/users/j...
Instagram: @jdainflips or   / jdainflips  
Website: https://jamesdainard.com/
YouTube:    / @projectre  
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Connect with Tony on BiggerPockets:
https://www.biggerpockets.com/users/t...
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Connect with Tony on Instagram:
@tonyjrobinson or   / tonyjrobinson  

Show notes at: https://link.chtbl.com/Rookie


00:00 Intro

01:04 The KEY to a Successful Flip

07:18 How to Plan Your Rehab Project

15:51 Staying on Budget

20:41 How to Find Tradespeople

23:32 Working with Real Estate Agents

34:18 Managing Your Project Timeline

42:15 LOW-Cost Design Tips

51:04 Connect with James!