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

[@TylerRyan]

This is so refreshing to see someone truly share their knowledge and expertise in detail and not be some surface level info to then try and sell a course. Truly informative and so helpful. Thank you.

[@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.

[@DWhite.1]

I have a question I’m 19 years old studying to get my real estate license right now and I plan on getting my general contracting license later in my future. Is it good to have both? Because someone told me if I have both I want have to hire a contractor and realtor and I’ll get all the money on the flip.

[@erickanblack]

@@DWhite.1 I’m a local real estate agent and in my opinion, it’s a plus to have both licensing if you want to eliminate the middle man. You can still obtain both even if down the line you end up hiring a contractor and/or realtor. You’ll have the prior knowledge to ensure that your they’re doing the job correctly. I would suggest to partner up with other RE professionals especially as a new agent. Get a mentor for real estate and contracting. Ensure that you have a trusted team for your future projects because we can’t do it all by ourselves. Good luck to you!

[@mtr20002]

Would you use hard money loan or a regular conventional loan to do this?

[@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

[@mandeepsahota6550]

Hey hey, I'm a Nurse as well. Which market are you in ?

[@stanmoney8470]

That's what's up!! I'm an union electrician . That's exactly what I want to do, win a bid at an auction and get a property for cheap! Then just flip it , without renovating it. Yes and maybe keep one as a rental.

[@missburno00]

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

[@nephewsque6751]

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

[@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?

[@RestStopAhead]

This is real lol

[@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.

[@queenleelee1592]

Best video I seen this far for flipping, very detailed and thorough. Thank you for sharing your knowledge and helping many others. I am purchasing my new first flip very soon and you definitely encouraged even more to believe in myself. Please drop another video soon.

[@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!

[@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.

[@michaeljdoud9012]

I haven’t found a contractor yet that will give me a legit estimate without owning the property. Any suggestions?

[@DanKohan]

Your house-flipping guide is awesome!

[@jamelgibbs]

Thanks so much!🙏🏾

[@trycep4217]

Where can I find the flipping guide?

[@swagg1470]

Thank u for helping us really motivated me

[@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!

[@billpunch265]

THANK YOU THANK YOU THANK YOU..... God Bless you for sharing your knowledge that will change people's lives. There ARE still good and helpful people out there!!

[@42imdaman]

You do a very good job of explaining sir!!

[@jamelgibbs]

Thank you!

[@Tu-kw4zx]

My question, is when buying a property for flip and fix. Do we pay closing cost and agent fee twice when buy and sell the house?

[@ryanburnett9160]

Very detailed and informative. Been watching various fix and flip vids and this one is amongst the best I’ve seen. Thank you!

[@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

[@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!

[@peachypan]

Thank you for sharing! I think you did a great job on the flip. I absolutely hate wood paneling! 😂

[@princedeux8923]

God bless you for this information you’re sharing with the public.

[@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.

[@tammyhammond1960]

🙏Thank you for sharing your specialized knowledge and breaking it down in such an organized format. This is very helpful!

[@jamelgibbs]

Glad it was helpful!

[@LaSraSilvera]

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

[@NevaWilson-s2h]

Hello, i love the way you did the rehabs.

[@cookiee5272]

Great job on explaining this very detailed. You have family in Connecticut?

[@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

[@KeyyRussell]

amazing video, thanks

[@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 ?

[@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 😉

[@dennisr.5069]

Great video! Very helpful! A BIG THANKS!!

[@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

[@mtr20002]

Yes

[@user-xl1rb5ll4k]

yes you would make an appointment with the listing agent or seller

[@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

[@tbnewhomes]

Great video! I appreciate you man

[@ibrahimahmed4723]

Can you send a list of materials you use for every project to keep it consistent? Also where to get it prices etc

[@lavoisier2815]

Great Presentation.

[@mariac2472]

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

[@susanneherrmann-realtor629]

Thank you!

[@carlondavenport7497]

Great video, looking to get in to the business

[@anthnikamassey5736]

What is needed for a private lender?

[@scottfrazier-buildingonpurpose]

Very good video

[@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

[@JamesJackson-n1d]

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...

[@GLOBEX-PLORER4K]

Great content. Appreciate you. Subscribed

[@JeanGCharles]

Thank you brother!

[@freddym6678]

thanks share great information , blessing day

[@syedAHMED-b5z]

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?

[@lesmorgan9243]

Great Food!! Thanks

[@mistervirginia9063]

aPPRECIATE THIS DETAILED VIDEO

[@luismendezsuz]

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

[@growthtv22]

Do you have to pay the interest only month to month or at point of sale?

[@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?

[@knishification]

Amazing video!❤

[@AberrantArt]

Which lead gen method gives you the most opportunities?

[@israqui3289]

Hey Jamel, I have a couple questions. Starting out with being a beginner how much money do you have to start with. What to do with that starting out money as well ?

[@jamelgibbs]

depends on the area you live in

[@LaWandaLee]

New subscriber ! Thank you !

[@emanzlrd]

what are some online auction pages to look for houses?

[@abrahamzekios5252]

Good thanks Good job

[@dennisnoone7427]

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

[@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.

[@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?

[@trulyphillips8208]

How do you make an offer without the money in hand?

[@MaliPowell]

New subscribers!!!

[@paulrichardson9091]

How do I get the money to purchase the home… The current property is priced online for a 100k more then what the seller is asking

[@paulrichardson9091]

It’s in a great area nice schools !!!The last house sold in that area sold in 200k

[@maximus01152891]

Hi, where are you about in NC?

[@jfarrar231]

Whats the tax rate on that profit from flipping houses?

[@A5Media22]

Do you offer partnership on fix and flip joint venture

[@mizzbellasofly]

New Subscriber 🎉

[@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.

[@sumerattiyah2498]

Where are you located?

[@quaminayoungllc.7516]

Do you mentor?

[@jamelgibbs]

Yes

[@santime8190]

Chris Tucker