House flipping can make you wealthy. Everyone has seen the TV shows, podcast interviews, and the high-priced renovations, even in their own neighborhoods. But what if where you live is WAY too expensive to flip houses? The home costs are high, the labor costs are high, and underpriced, outdated homes are hard to find. Thankfully, you’re not out of luck. Today, we’re teaching you how to flip houses from a distance, even thousands of miles away!
Dominique Gunderson is currently flipping 12 houses from 2,000 miles away. Yes, it’s possible (and profitable), and Dominique has made it her full-time business. As a Los Angeles native, Dominique couldn’t afford anything in her home market, but through visiting family in New Orleans, she realized it was the perfect place to flip. So, she slowly started scaling a team that would allow her to be anywhere in the world while she ran her business.
In only her mid-twenties, she’s been able to build a team that takes care of the renovations and rehabs for her while she handles finding the deals and getting the funding. Today, she’s teaching you how to do the same: build your out-of-state team, scale the right way, and when (and how) to delegate so you don’t do all the work. She’s even breaking down her profit margins and revealing how much you can actually make flipping in affordable markets.
Dave Meyer:
Flipping 12 houses at a time while living 2000 miles away. It sounds impossible, but today’s guest is doing it right now. She’s going to tell us how she got there after starting with just a single property she bought for less than a hundred thousand. What’s up everyone? Welcome to the BiggerPockets podcast where we teach you how to achieve financial freedom through real estate. I’m Dave Meyer, head of real estate investing here at BiggerPockets. Our guest on the show today is Dominique Gunderson, an investor who focuses on flips in New Orleans but lives a location flexible lifestyle, traveling around the…