Jenny's Journey: $40k First Flip Profit in Just 3.5 Months in Oregon
Description
This interview is with our awesome FlipSisters Coaching Program Member Jenny in the Portland area who made $40,000 in just 3.5 months using creative financing.
She is a mother of young children and works remotely.
The time and financial freedom that real estate investing can bring were the things that most inspired her to finally chase this dream she had of flipping a house.
In her first 12 months in our program, she completed 2 flips and bought a 3rd!
In this episode we cover:
- How she found her first flip
- How she financed it all using a combo of hard money and a HELOC
- The surprises that increased her repair budget by nearly 50%
- How buffers and a conservative ARV saved the day
- How her real estate agent didn't understand the FHA Rule around flips - we have to be our own advocates!
- The neighbors' reactions to the home she created
…and so much more.
GOODIES
1. THE book on women flipping houses is here! Click here to grab the digital download of my new book for just $4.99! Just as everything else we do is different, so is FLIPPED: Lessons and Stories of Women Flipping Houses and Facing Their Fears.
2. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
3. Follow That Flip! Follow this 8-part video series as we flip a house!
4. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
5. Are you a real estate agent tired of chasing the same potential clients as everyone else? Sick of the roller coaster commission? Get the REI Agent Pro Certification! Click here for info and to join the waitlist.
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.