BiggerPockets Real Estate Podcast - Making $50K in 6 Weeks with Quick, Repeatable House Flips

Episode #860 Do you want to make $50,000 in six weeks? Even in this housing market, it’s more than possible. You might think we’re bluffing; with high mortgage rates, little-to-no inventory, and buyer demand down from its peak, most real estate investors believe the market is a graveyard, but they’re wrong. In today’s show, we talk to Mike Cappello, who has been doing a few quick house flips and making an unbelievable return. But that’s not all. We’ll also talk to the agent who found the deal, Rob Chevez, about what’s making the most money in the “extremely competitive” market of Washington, D.C. The duo will discuss why D.C. is such a solid market to buy, hold, or flip in, the “buy box” they designed to find the most profitable house flips, and how they’re financing deals EVEN with today’s sky-high interest rates. We’ll also get into the nitty gritty of Mike’s latest deal, the one that could make him $50,000 in just six weeks, and the exact steps to follow if YOU want to do a deal like this in your market. The real estate deals are here; stick around to learn how to find ‘em! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Washington, D.C. Real Estate Market—Prices & Trends in 2023: https://www.biggerpockets.com/blog/washington-dc-real-estate-market?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Flipping Houses: How to Get Started and Everything You Should Know: https://www.biggerpockets.com/guides/how-to-flip-houses?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Mike: BiggerPockets: https://www.biggerpockets.com/users/mikec678?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @themikecappello or https://www.instagram.com/themikecappello/ Website: https://www.sellsimpli.co/ ~~~~ Connect with Rob Chevez: BiggerPockets: https://www.biggerpockets.com/users/caza?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @robchevez or https://www.instagram.com/robchevez/ ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Robuilt): Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto X/Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://link.chtbl.com/BPRE 00:00 Intro 01:14 D.C. Market Update 03:59 The Effects of High Mortgage Rates 05:59 10 Deals in 12 Months!? 09:24 Why Invest in D.C.? 10:20 Building Your "Buy Box" 19:19 Finding Financing 22:32 Is House Flipping Worth It?