Donovan Ruffin Show – Donovan Ruffin – S1E3
Flipping Houses 101
Donovan outlines the process of flipping housing detailing everything from how to get the best leads and the best subcontractors to ensuring that real estate agents show your property first. Revealing the secrets of his success, Donovan lays out the exact steps that create exponential real estate investment growth.
1.What is the best way to find deals?
2.What are considered the “Big Three” in house rehab?
3.What is a good way to find subcontractors?
4.In what order should you complete a rehab?
5.What listing price gets the most traction?
6.What should you do if the property does not sell in 30 days?
7.What is the repeat method?
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1:42 – NETWORKING IS THE BEST WAY TO FIND DEALS
2:22 – EVENTS WITH WHOLESALERS
3:45 – DOING YOUR OWN MARKETING
4:25 – WHAT TO CONSIDER WHEN PURCHASING A PROPERTY
6:04 – THE BIG THREE: THE MOST EXPENSIVE REPAIRS
7:00 – HOW TO FIND SUBCONTRACTORS
8:38 – WORK TRUCKS OR WORK VANS WITH NO DECALS
9:15 – LOOK FOR SUBS WITH WORK ALREADY LINED UP
11:02 – ASK FOR REFERRALS FROM YOUR INVESTOR FRIENDS
12:40 – WHAT TO COMPLETE FIRST ON THE PROPERTY
13:35 – WHILE THE FOUNDATION IS BEING REPAIRED, DO A PLUMBING TEST
14:55 – REPAIR ELECTRICAL AND HVAC
15:30 – DO ANY ROOF REPAIRS
15:45 – THEN DO COSMETIC UPDATES
16:30 – AVOID KNOCKING DOWN WALLS IF YOU CAN
17:45 – BIGGEST COSMETIC COST WILL BE KITCHEN AND BATH
18:14 – DRYWALL NEXT: FOUNDATION NEEDS TO SETTLE TO AVOID CRACKS
18:30 – PAINT THE PROPERTY SO IT SMELLS FRESH
18:54 – PUT THE FLOORS IN AFTER THE PAINT, THEN THE APPLIANCES
19:14 – REHAB ORDER
20:02 – STAGE A PROPERTY
21:35 – THE REHAB NEEDS TO BE GOOD ENOUGH FOR YOU TO LIVE THERE
22:30 – BEST SELLING TIPS
23:50 – LISTING TIP: PAY A 1% LISTING AGENT
24:55 – PUT ON LISTINGSPARK
26:20 – LIST IT AS “COMING SOON” – BEFORE YOU EVEN PAINT IT
27:50 – WHAT TO DO IF THE PROPERTY IS NOT SELLING
29:25 – HOW TO ATTRACT DRIVEN BUYER’S AGENTS TO SHOW YOUR PROPERTY
33:00 – SCALING TO 10 HOUSES PER MONTH: BUYING AT 80% VS 60%
37:57 – THE REPEAT METHOD: BUY, REHAB, SELL, PROFIT, LEVERAGE
*The assumptions, views, opinions and insinuations made by the host / guests do not reflect those of Propelio
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