Most first-time house flippers fail because they target the wrong properties and don't have a clear roadmap to follow. We provide a step-by-step blueprint for completing your first profitable flip without the painful learning curve.
• Start with cosmetic flips (paint, flooring, simple updates) rather than properties with structural problems
• Financing doesn't require all cash – explore hard money, private money, or partnerships
• Create detailed line-by-line budgets instead of guessing at renovation costs
• Line up your contractors before closing to avoid timeline delays
• Use finishes appropriate for the neighborhood – don't over-improve properties
• Focus on building confidence and securing profit with your first flip
Want more? Catch us on YouTube at Clark Street Academy or check the show notes for the exact tools we use. If today's episode helped you move closer to your first or next deal, follow us wherever you get your podcasts so you never miss a show. We're grateful to be part of your journey. Now get out there and get cracking.
Want to learn how to flip your first house?
CLICK HERE to learn more about our upcoming boot camp, Flipper Camp.
Learn to build a house flipping or multifamily business: Clark St Academy
