House Flipping Tips For Beginners! (How to Select Your Flips)
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The video focuses on the experiences of Rachel, a newer real estate investor who has completed three rehab projects. The speaker emphasizes the importance of selecting the right rehab in the right location. Rachel's first rehab project was a small two-bedroom, one-bathroom house that she bought from a wholesaler who knew she was looking in the St. Charles area. The speaker advises new investors to let people know what they're looking for and why, especially when starting out in real estate investing. This can include telling wholesalers, real estate agents, and attending local real estate meetup groups.
The speaker also emphasizes the importance of defining a specific area of town to invest in and building relationships with wholesalers and real estate agents who can bring you deals. Rachel's second rehab project was a flip that she partnered with her sister on, and they also found the house through a wholesaler. Rachel's third rehab project is located in an area that they were able to buy because they could pay a little bit more than other buyers. The speaker notes that it's important to have a specific location in mind when looking for rehab projects, and that sometimes being able to pay a little bit more can give you an advantage in a competitive market.
The speaker also discusses the importance of investing in an area with good appreciation, a good school district, and a safe area that is convenient to work on and close to retail spaces. Rachel's rehab projects are located in a nice area that is split between two school districts, with one being better than the other. The speaker advises new investors to think about the location and put some thought into why they want to invest in a specific area. Overall, the video emphasizes the importance of selecting the right rehab in the right location and building relationships with wholesalers and real estate agents who can bring you deals.
The video focuses on the experiences of Rachel, a newer real estate investor who has completed three