How To Start Flipping Houses As A Beginner (Step By Step)

In this video, I'm going to show you how to start flipping houses as a beginner step by step. This is a very detailed video, so if you're truly looking to get started flipping houses be sure to pay close attention. Check it out!
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Timeline:
0:00 Introduction and Overview
1:16 Step 1: Find the Deal
7:55 Step 2: Viewing Properties and Making Offers
13:30 Step 3: Find the Funding
21:31 Step 4: Close the Deal
25:59 Step 5: Get Your Rehab Done
27:46 Step 6: Exit the Deal
29:40 Before and After Footage of a Real Flip
31:28 Pro Tip and Closing Comments
#realestate #investing #flippinghouses #money #makemoney #personalfinance #jamelgibbs

[@jamelgibbs]

↓Subscribe for more real estate investing tips↓ reieducationacademy.com/KZbin-Subscribe Also, share and leave a comment below.

[@treeez_____5317]

Mr Gibbs, would love to schedule a call next week to brush up on skills I may have missed

[@BachataKnight]

I was a union carpenter for 10 years. 15 years ago lol. I'm in nursing now but don't think we make enough money. Been watching a lot of videos, especially on this channel. Got a hold of all my old carpenter buddies. Did some networking at the auction with some other flippers. One of my best friends got interested since i told him and were looking to start an LLC. Befriended some high-school friends who are real estate agents. I won a great place which I'm going to rent, but the flips are next on the list. Thanks for all the great info!

[@cxMLG]

Damn right, nurses don't get paid enough.

[@danielgongora8991]

So u used the LLC to fund ur business and flip it

[@Tyscrat]

@@danielgongora8991 you have no clue what a LLC is do you? Lmfao

[@Okay-WhateverYouSay]

Rule of thumb: make sure your contractors are fully insured, bonded and licensed before hiring them. And of course, get organic references where you can see the work and speak to these people.

[@vansmoken4172]

Yup because if something bad happens on the job, that’s no good!

[@bbqworld2103]

How do you check this?

[@missburno00]

By far, this is the best video I've seen on flips. Very detailed and informative. Thank you so much!

[@Phillip_01]

Just subbed, impressive! Taking notes want and need to change my life. Working retail is a a waste, getting my company richer, while they’re leaving me in the dirt.

[@LaSraSilvera]

I appreciate this informative video. I like the fact that you went straight to the point.

[@swagg1470]

Thank u for helping us really motivated me

[@DanKohan]

Your house-flipping guide is awesome!

[@jamelgibbs]

Thanks so much!🙏🏾

[@matthewburkholder1076]

Lots of really good info i save this video so i can reference it whenever i need to, thankd for putting the game ouf here!

[@leo21bayo]

Thanks for a good detailing information in this video . I really enjoy it and hoping to have someone like you as a mentor while going for my first flip

[@mariac2472]

Great job on the property! Thank you so much for all your information that you put out ❤

[@Jon_Blake]

I can't stress enough how well-executed this overview is! I have watched hundreds of videos trying to piece together the one useful piece of information they bury in with fluff into an actual plan, but this video blows them all away with practical information. After watching, you can literally apply these steps to your side hustle or business, and that's incredible. Thank you for the great content I am happy a newly subscribed viewer!

[@dennisr.5069]

Great video! Very helpful! A BIG THANKS!!

[@nephewsque6751]

The property turned out great... removing the paneling was a good thing, especially if it's a older style of wall covering.

[@user-qm9bh1we6y]

Hello, i love the way you did the rehabs.

[@42imdaman]

You do a very good job of explaining sir!!

[@jamelgibbs]

Thank you!

[@tbnewhomes]

Great video! I appreciate you man

[@lesmorgan9243]

Great Food!! Thanks

[@knishification]

Amazing video!❤

[@dyoung7720]

Thank you so much! This video is so helpful and very easy to understand for the most part, for newbies or first time fix and flippers. Thank you for your service.

[@vickynoname9860]

The best way to start flipping, if you can do it is buy your first flip and live in it. If you never owned or owned new homes your first flip could be a nightmare. If you depend solely on subcontractors you will not be making as much. I made 347k on my last Tampa flip, but before I used to buy, live, fix two years later flip, tax free and because I did it this way I learned the in and out. No contractor can tell me this is how is done because I already knew. If my cabinet guy doesnt show up, no problem I know how to put cabinets up.

[@thealbatross402]

This video is a dream bro. You opened up my mind, can't wait to take the leap and get started soon!

[@jamelgibbs]

Glad to hear it!

[@Hawk_37]

Thanks for your unselfishness! I am learning a ton from you. Got a real estate course scheduled in 2 weeks and a brokers course to follow. I hope to have my LLC up and running by early-mid summer. I am 67 and this will be my third career. Thanks again for the videos.

[@mistervirginia9063]

aPPRECIATE THIS DETAILED VIDEO

[@AuctionRecoveries]

Great videos man, I’m just a first time home buyer but your videos are very helpful. I flip cars so it’s kinda the same but a lot more risky doing houses 😉

[@lavoisier2815]

Great Presentation.

[@Nta313]

New subscriber ! Thank you !

[@erlindbasha]

Hi Jamel, great video. It would be interesting to know what decisions one should make when a housing market is heating up or cooling down or during an economic downturn. Do you sit and wait for better times or should you continue with business as usual ? What changes should you make during these times in your business model or estimation figures ?

[@JesusPaidForYourSins7]

I like how this was put together. Very informative and educational. It seems after all is said and done, you end up paying so many fees all the way through the process and then end up paying taxes on top of that. What’s the real take home profit?

[@carlondavenport7497]

Great video, looking to get in to the business

[@abrahamzekios5252]

Good thanks Good job

[@luismendezsuz]

Thanks for share you knowledge with Us. After you sell the house, you must offer any warranty or depend of contract?

[@MaliPowell]

New subscribers!!!

[@user-un7tk3xy2l]

great video, Im a GC in philly looking into getting into fix n flip houses soon,

[@carlosv2283]

I own a remodeling company in Philly looking to get into flipping. Maybe with a partner?

[@mizzbellasofly]

New Subscriber 🎉

[@AberrantArt]

Which lead gen method gives you the most opportunities?

[@anthnikamassey5736]

What is needed for a private lender?

[@user-nw4fs7pd7t]

Hey bro, I take my hate off to you. The presentation of this video is outstanding. The information that you gave was very detailed, especially the part about financing. I now have a much better understanding of the process after watching this video. If possible, I would like to work with you my brother, in doing my first flip...

[@semilorelawal3149]

great video, you mentioned hard money lenders need gap funding, what is the best way to get gap funding if you don't have any network of people that can borrow you money?

[@dennisnoone7427]

Do you go to a tax sales? i might off seen you in one on them in central pa

[@TinaKing]

Very detailed and I appreciate this, but is there a highlighted check off list to refer to? That would be helpful as well.🙂

[@jamelgibbs]

Thanks. You can check out my program for a more detailed approach. Info can be found at dealproacademy.com

[@emanzlrd]

what are some online auction pages to look for houses?

[@davepena1294]

WHEN YOU ARE GETTING REPAIR ESTIMATES ON THE HOME BEFORE PURCHASING THE HOME OR MAKING AN OFFER, HOW DO YOU GET ACCESS TO THE HOME? DO YOU MAKE AND APPOINTMENT WITH THE AGENT EVERYTIME?

[@SaraaSchoolcraft]

Would love to know this answer as well

[@A5Media22]

Do you offer partnership on fix and flip joint venture

[@juanperalta5115]

Do you ever get a regular Loan through a bank? My realtor tells me that you can get a loan on a foreclosure property rather than private or hard money.. could this be possible?

[@jfarrar231]

Whats the tax rate on that profit from flipping houses?

[@mamamoose2700]

Hi Jamel! Do you recommend purchasing flips under an LLC?

[@jmccottry]

I would like to know that as well. I never hear anyone talking about it. Lol

[@jamelgibbs]

I made this video to answer your question: kzbin.info/www/bejne/b6LEp4qDiJqJg5o

[@shawnyoung937]

Question Do you think houses sale faster if you include washer and dryer and kitchen appliances. Or would you not have appliances and washer and dryer?

[@beatrixbrennan1545]

Not having kitchen appliances would not appeal to most buyers. Washer and dryer I don't think matters too much. If you make the property turn key,it will appeal to most people that don't want to invest anymore money on appliances.

[@sumerattiyah2498]

Where are you located?

[@santime8190]

Chris Tucker

[@jessicaedpatule4042]

What if you don’t have any money to start can you still get a hard loan?

[@jamelgibbs]

Get a gap lender or start by wholesaling. Save your money.

[@quaminayoungllc.7516]

Do you mentor?

[@jamelgibbs]

Yes