How to Find, Fix, & Sell Homes for a HUGE Profit (House Flipping 101)

Episode #612 Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust: https://eqtytrst.co/bp-1031 Catch Dom and Henry at BPCON2025 in Las Vegas, Nevada: https://get.biggerpockets.com/conference/?utm_source=youtube&utm_medium=description&utm_campaign=none Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Buy the Book, “The House Flipping Framework”: https://store.biggerpockets.com/products/the-house-flipping-framework?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch How I’m Flipping 12 Houses (at Once!) All While Traveling w/Dominique Gunderson: https://www.biggerpockets.com/blog/rookie-488?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dominique: https://www.biggerpockets.com/users/dominiquelux?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Henry: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none Does flipping houses still work in 2025? Yes! Despite high interest rates, inflated material costs, and the recent shift towards a buyer’s market, this is still one of the most profitable investing strategies. Today, we’ve brought on a pair of seasoned flippers to break down the current market and what rookies need to know ahead of their first or next flip! Welcome back to the “Real Estate Rookie” podcast! In this episode, we’re joined by expert house flippers Henry Washington and Dominique Gunderson. They share all about the current state of house flipping—what’s changed, what could change, and how rookies and experienced investors alike can adapt to a shifting housing market. Whether you’re looking to tackle your first or hundredth flip, our experts offer all kinds of insights and timely tips that will make your next flip a successful one. Stay tuned and we’ll show you the secrets to finding and funding profitable deals, how smart investors are making the numbers work, and the three things every rookie must do before investing in a new market! 00:00 Intro 00:37 HUGE Market Changes 06:59 “Conservative” Deal Analysis 14:45 The Secret to Profitable Flips 20:43 Building Key Relationships 25:19 Controlling Rehab Costs 31:56 How to Lower Days on Market 36:21 Common Rookie Mistakes 40:29 Starting in a New Market 45:33 Future Market Shifts 49:46 Connect with Dom & Henry!