BiggerPockets Real Estate Podcast - The Hands-Off House Flipping Formula (100% Remote!)

Episode #1096 Invest in High-ROI Turnkey Rentals with Rent to Retirement: https://www.renttoretirement.com/ or Txt REI to 33777 Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab “The House Flipping Framework” Book: https://store.biggerpockets.com/products/the-house-flipping-framework?utm_source=youtube&utm_medium=mention Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders BiggerPockets Real Estate 587 - Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson: https://www.biggerpockets.com/blog/real-estate-587?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dominique: https://www.biggerpockets.com/users/dominiquelux?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none House flipping can make you wealthy. Everyone has seen the TV shows, podcast interviews, and the high-priced renovations, even in their own neighborhoods. But what if where you live is WAY too expensive to flip houses? The home costs are high, the labor costs are high, and underpriced, outdated homes are hard to find. Thankfully, you’re not out of luck. Today, we’re teaching you how to flip houses from a distance, even thousands of miles away! Dominique Gunderson is currently flipping 12 houses from 2,000 miles away. Yes, it’s possible (and profitable), and Dominique has made it her full-time business. As a Los Angeles native, Dominique couldn’t afford anything in her home market, but through visiting family in New Orleans, she realized it was the perfect place to flip. So, she slowly started scaling a team that would allow her to be anywhere in the world while she ran her business. In only her mid-twenties, she’s been able to build a team that takes care of the renovations and rehabs for her while she handles finding the deals and getting the funding. Today, she’s teaching you how to do the same: build your out-of-state team, scale the right way, and when (and how) to delegate so you don’t do all the work. She’s even breaking down her profit margins and revealing how much you can actually make flipping in affordable markets. 00:00 Intro 03:35 Long-Distance…Flipping? 05:28 Flipping 12 Houses at Once! 07:52 Building Your Team 12:49 First Deal and 2025 Profits 19:13 Keeping Flips as Rentals 22:06 Secrets to Scaling 31:38 Keep it Small (But Scalable!)