At the age of twenty-seven, this “rookie” has already completed over 100 real estate deals). The key to her success? She’s been in real estate since she was just seventeen years old. Seriously! By starting early and taking action, she has been able to make mistakes, sharpen her skills, and set herself up for success!
Welcome back to the Real Estate Rookie podcast! While her peers headed off to college, Dominique Gunderson got her real estate license and started learning the ropes. Before long, she was wholesaling)—using direct mail, flyers, cold calling, and other strategies to complete more than forty deals in just eighteen months. But that’s not all. She then used these profits to buy her* *first rental property) in cash when she wasn’t yet lendable. Once she was priced out of her hometown of Los Angeles, she turned to New Orleans, where she started flipping houses) remotely!
Today, Dominique manages several projects simultaneously, and in this episode, she will walk you through her process for doing a long-distance flip—from building an out-of-state team to estimating rehab costs and managing contractors from afar. You’ll even learn about her exit strategy for the properties that don’t sell: the BRRRR method)!
In This Episode We Cover
How to find off-market real estate deals) and flip them for a profit in 2025
The key adjustments house flippers need to make in today’s housing market
How to build your team for long-distance real estate investing)
The number one red flag to watch out for when hiring a general contractor
Crucial tips for managing an out-of-state renovation project
Estimating rehab costs and building a scope of work from hundreds of miles away
How to fund your fix and flips (without the banks) through private money lending
And So Much More!
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-488)
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]).
Learn more about your ad choices. Visit megaphone.fm/adchoices)
