Flipping a House From Start to Finish as a Beginner

House Flipping can be stressful... Especially when you buy a fix and flip with FOUNDATION ISSUES! Welcome to todays house flipping vlog that will serve as a guide on flipping houses for beginners! In todays vlog, I take you to a house flip we just purchased with hard money that has foundation issues.
After talking with the seller we learn she has another property that may be for sale so we go look at that as well!
Then watch me discuss our offer with my wholesaler over the phone as well as go over the entire home renovation budget that unfortunately gets bigger as we learn more about this property!
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[@tretheceo]

This is the most real content I’ve seen for beginners looking to find information and take action in real estate. Earned my subscription!

[@grounduphouseflipping]

Man super appreciate that! It’s what I have been craving but only saw “gurus”.

[@GMan56M]

@@grounduphouseflipping That's the main reason I started watching your video! So many of the other videos are just "experts" creating content for the algorithm instead of showing real examples in "real time." Super glad to have found you and subscribed. Good luck!

[@YuryBadanin]

@@grounduphouseflipping 40 K ? Where are so cheap houses ?

[@daramolaboluwatife3001]

same here

[@eddiehernandez7922]

23 and just had a my first child born I’ve been scared to jump into this I’m a electrician so that helps a little bit. You have motivated me to make a better life for my new son. Hopefully within the next year or so I’ll secure my first flip.

[@krisallen9194]

Dive into bigger pockets podcast. Go to local real estate meet ups. Tell everyone you know you want to start flipping and you’ll meet someone in your area doing what you want. Build a relationship with that person and learn from them. Being an electrician you can bring sooooo much value to flippers. Good luck my friend.

[@jovohnalvarez]

i really enjoyed this video. will be watching and learning off you man!!

[@grounduphouseflipping]

Appreciate it homie!! Have lots of vids on here start from video 1 it’s basically a documentary!

[@tubbycustard8866]

you are exactly what i've been trying to find on youtube, everyone else is just talking and selling a course lol. i like that you're showing the nitty gritty details of flips and that not everything goes to plan and you just need to take it in stride. thanks so much for doccumenting this, I'll definitely subscribe and hopefully I can come back one day with my own flip :)

[@grounduphouseflipping]

Ahh thanks so much I appreciate that. Start at video 1 it’s basically a documentary

[@bmk0168]

Great info! I’m looking at buying a small house that’s been already gutted and the seller did about 1/4 of the renovations and then stopped. I have to recruit my sons who have worked construction to help me do the work. I’m too broke to hire a contractor. I’m a divorced single mom. Desperately need a house. Living in a low income apartment right now that’s not great. This video gets me excited! Thanks for breaking the costs down! I’m daring to dream!

[@malindaproperties]

Loved the video. My 1st flip replaced every joist, ALL new MEP, deck and then same as you title issues. We lost a full price offer with 5k DD due to not having a clear marketable title. The buyer terminated the agreement. Had permitting issues since my contractor dropped the ball. I could write a book on this one flip I did, but I like doing it.

[@tubbycustard8866]

everyone loves to glorify and make flipping sound easy but I think its way way more important to highlight the struggles and issues that you endure during the process. thanks hopefully its going well for you

[@claireh.7605]

Find out which title company insured the house last before you bought it. They will insure it when all others won’t. Happened to my house. I kept getting told it’s not marketable and can’t be insured, then selling realtor said why don’t you insure it with the title company that insured it before. Whala they had no problem with it.

[@AberrantArt]

The detailed walk through along with the line item budget break down is amazing! This is one of the best flip videos I've seen!!! MORE PLEASE 🙏

[@defisamurai8247]

great stuff man. I'm looking to get into flipping houses this year. I feel your channel will be a great resource for me. keep up the grind looking forward to seeing your growth

[@grounduphouseflipping]

love it! let us know if you want to learn wholesaling and weekly free training on flipping with some of the other viewers! email me at [e-mail]

[@cvzphotography]

Your contractor is cheap. Take good care of him.

[@grounduphouseflipping]

We have a great partnership!

[@noahhinshaw1469]

Had to sign in to like and sub. Appreciate this man, would love to learn more!

[@JUSTYN23]

Came across this cause I’m looking to start flipping myself soon this whole video was great watched the whole thing through definitely suscribing and turning that bell on 💪

[@imflotherealtor]

Thank you! Very inspiring. Pursuing my first and looking forward to building relationships with contractors and others in the business for great partnerships.

[@Tank2thestage]

Im thinking a out starting my journey as well to flip a house. Thank you for this!

[@DrakoTopOne]

just found your KZbin channel and its 🔥 content. I’m trying to learn how to do this

[@danallen98]

Great video, thanks for all the transparency

[@victordornor3128]

Great education... keep up the good work

[@grounduphouseflipping]

will do thank you!

[@justinmason9002]

Awesome!!!! Learning a lot from your videos man

[@gaelnikiema7680]

You inspired me to start doing that And I can’t wait for your next video

[@grounduphouseflipping]

thannks so much for that!

[@gold7790]

Very informative and raw content

[@Jay_Dunn01]

Hey man awesome content and congratulations your success so far, this is something that I have been wanting to do for a long time and your content has been very helpful. I know you’re a busy guy but if there is some way you would be able to walk me through some steps on getting started since I have been struggling to get off the ground with it. I would appreciate greatly!

[@jasonj3739]

Great man

[@grounduphouseflipping]

So you like these style of videos?

[@claireh.7605]

I fixed a title issue by getting an ALTA survey before closing. Was risky because I did not own a house. Issue was there was no good destruction of the property bounds in the deed.

[@AberrantArt]

Where / how did you find such an incredible contractor?!?! Can you please post an update when this is done and see if you came in on budget, etc.?

[@deathmaker2088]

Appreciate your videos man. I am still trying to figure out the whole "find a good contractor" bit (even after watching all your vids), but I have a good amount of liquid and credit available to start with. I am up here in Arkansas, so value is really low. Thinking about coming down to dallas to invest.

[@grounduphouseflipping]

Man I would definitely start where you live so you can monitor things. Trying to do it somewhere else would be a nightmare starting out I would think. I would start posting in the investing Facebook groups near you looking for contractors, and start interviewing three or four of them and ask to see their past work, and even talk to a past client. And talking to hard money there are ways you can just invest into private funds that pay you a return if you have a lot of capital.

[@ChrisC-qx8zd]

Agreed. Unless you’re a very experienced investor you will have a lot of issues trying to manage from long distance.

[@lenandov]

Every for sale sign has a phone number Call the listing agent and ask the seller to provide the contractors they used on that house Do this a hundred times There's your list of qualified contractors organized by job type

[@koltonbrock3643]

Hey man, can you drop a link for the company you use for your insurance while doing your fixing flips?

[@claireh.7605]

Garage could have been braced with a few boards and screws and slightly lifted and sill plate cut out with Embedded Nail Diablo saw and replaced with pt wood and just roof replaced that is all maybe get a framer to reinforce; no permit needed; only permit for roof and siding. the rest are repairs.

[@pleasethink4789]

I agree. I did exactly this when I had the same situation for the garage of the house I bought. Inspectors and contractors said it would need to be torn down and rebuilt. I braced the studs, sistered them, put in a pressure treated plate and for less than $1000 and some sweat and elbow grease I had a straight level 2 car garage ready to shine.

[@claireh.7605]

@@pleasethink4789 kzbin.info/www/bejne/emKsq5-wiMeNo9E

[@kelsmoshigh]

Excellent content. Contractor seems solid work and business wise.

[@grounduphouseflipping]

Ya such a blessing!! He’s amazing.

[@meganrobinson9986]

great video! how do you source your properties?

[@crysskoonce484]

If you're ever interested in networking in NC, I would love to connect, list and learn the flipping side from you even if you charge. You are just one of the most solid I have been warching out of two years Could have been started coming across your videos. New sub here too❤

[@Kev4Kev]

At what point do you consider it better just tear down a house and bid new due to the structural issues, amount of things that needs to be fixed on house or size of the house comparable to others in the area?

[@grounduphouseflipping]

I did a video where we talked about it you should watch it! It’s the house flipping challenge video with the green houses!

[@lenandov]

Did you find the answer you needed in the green house video?

[@lxdeeno4476]

hey, 19 years old looking to start really could use a mentor. currently in the marine corps and definitely trying to take advantage of my VA loan. my older brother does flipping and i have 20K saved up to start off with. he said he’d help me but i don’t think he will until i get more knowledge to take me more seriously. i sit here and watch your videos with a notepad. if you could ever give me an email to start off with so i can ask questions it would be great. thank you sir.

[@AberrantArt]

Cab you elaborate or explain more about the text that says "if you have rentals in the LLC you flip in, you can depreciate them, and it actually benefits your flip profits..." 🤔

[@jamescollins3750]

Great video!🙌🏾

[@nephewsque6751]

Nice video and information 👍 new Subscriber, just beginning our investment journey.

[@ChrisC-qx8zd]

I’m curious what you’re paying for hard money in Texas?

[@grounduphouseflipping]

12 percent interest and 2 points origination

[@eliot5220]

If you can’t rent it for market rate who will you sell it to? I’m doing D neighborhoods also but mostly rental. I’m wondering if I can get 215,000$ when I’m done but I’m at $100,000 so far and I have a lot of experience. It sounds like your rehab is going to be more than $100,000.

[@Simon-op8jm]

Are you in San Antonio, TX?

[@ExtremeKustomz615]

If I wanted a certain amount of money for my property that what I want not a penny less that’s not crazy especially if they let you know ahead of time. What’s crazy is knowing the seller won’t get that price and still going forward and wasting time now that insane

[@EbonyJefferson-j3k]

Left out the most important part. How did you find the deal?

[@MrLastlived]

A wholesaler brought it to him, they tend to do the ground work of finding deals and bringing them to flippers and investors in exchange for a fee paid on the closing of the deal

[@alexander1982miller]

Fix it up with the best stuff, value goes up more

[@alexander1982miller]

The better you fix it up, the more someone will want it

[@DavidMartinez-nh4nh]

Hi everyone I’m a beginner and I’m very interested in learning more about this.❤😢

[@ronstribe5093]

Monday’s video didn’t show up this week?

[@ALASKASCHOICEMUSICVIDEOS]

💯💪🏼

[@Trix2k0]

You coulda poured self - leveling on that garage !!!! Instead of tearing it down. 🤦🏻‍♂️

[@grounduphouseflipping]

That would have been super shady. it would have needed 8" in some area and been up on the wall. we do it right!

[@Trix2k0]

@@grounduphouseflipping yea it’s a Mickey Mouse job 😂 but it’s does the work for me.

[@fiestylisa46]

I just started watching this and that’s asbestos siding.

[@mattbecker3624]

Does anyone know this champions name? My guy is a winner

[@grounduphouseflipping]

hahah thanks homie my name is Jackson!

[@mattbecker3624]

​@@grounduphouseflipping Jackson pleaser meeting you. DO you have instagram? Want to ask you a few questions.

[@mattbecker3624]

what is your last name? trying to connect@@grounduphouseflipping

[@robertbirch4163]

If you build a porch and don't make a place for porch swing, Just stop !

[@ihorhordiienko-oj9qp]

Excellent work. Our company provides architecture and interior remote consultation services for house flippers and investors.

[@mattbecker3624]

Jackson what is your last name?

[@User_91hsj]

$5k for hvac? WTH

[@KevinMcClain13]

Ex husband is a bad guy for asking for the money she owes him 🤦🏾‍♂️😂

[@crossthestreetpdx]

Clip your mic to his hat next time, Cheers

[@realpatriet]

you dont feel bad flipping houses? i dont think i could do that id leave a cheap house for someone who doesnt have alot of money to buy, not jack up the price and sell it to someone better off. thats just my opinion though.

[@hardmoneyjoe]

So you would prefer to have that person in a home that could be detrimental to their health with faulty electrical, no cental air, potentially mold and structural issues? Interesting! Or you could put out a fantastic, safe and beautiful home in an area that is still affordable and way below the national average (we have a severe lack of affordable homes) Secondly, no bank is going to lend on a house that has structural issues, so that person who "doesn't have a lot of money" better have cash, because they cannot get a loan on it. OR they could get essentially a brand new home with some government programs (FHA/VA) and now it's in such good condition they can get as low as 2-3% down on it.

[@grounduphouseflipping]

I don’t feel bad at all. Some of these are so bad no one can buy them. Now I get to make a dream home for a family. Many ways to look at it.

[@realpatriet]

@@grounduphouseflipping what ever helps you sleep at night.

[@soldbythai4232]

Have you ever bought a house before? How you gone through the process with the bank and understand what's needed to qualify for a loan? While we at it with your assumptions, why buy homes from home builders? Why not just go to the land and build the house yourself. Home flippers get a bad rep. But they actually have to find the deal, add value, put the contracts together, find a contractor to bid for the job, manage the job project to completion, pull permits etc. Don't knock on something you've never done. I never have a home buyer walk into a fully renovated home and start bitching @@realpatriet

[@soldbythai4232]

Do you do lending in CA? @@hardmoneyjoe

[@G8xm3kel]

No need to do that whole garage. All they had to do was replace whatever wood that was rotting. Waste of money. lol

[@grounduphouseflipping]

We thought that too but we have to replace the concrete as well and it will fall over. It’s a lot worse than shown on here once we looked at it

[@G8xm3kel]

I’m pretty sure you could have saved it or tear it down and put cheaper outdoor garage summit type garage.

[@paulh1745]

Wow, he built fake rapport with her. Ain’t that nice? That’s what you do when you worship the Almighty Dollar instead of Almighty God. Ugh.

[@basedfrosti]

Not all of us are religious and you won’t convert anyone with that attitude

[@blairbrownie1223]

Nothing but greed all over this video. I’m out

[@JourneyToThe1_]

I didn’t expect so many losers in the comments 🫤 paying the seller and taking a bad house, fixing it up, employing people and putting that house back into the community for a family… I don’t see how that should upset anyone but I guess when you have a miserable life it’s easier to blame then to look in the mirror

[@grounduphouseflipping]

facts! thanks homie!!