Episode #488
Episode Show Notes:
https://www.biggerpockets.com/podcasts/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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!
00:00 Intro
01:12 Starting at 17!
05:29 Long-Distance Flipping
10:04 How to Build Your Team
14:22 Estimating Rehab Costs
23:47 Recent Deals & Market Changes
32:40 Private Money 101
38:11 Advice for New Flippers
41:05 Connect with Dom!
