Channel: BiggerPockets

Category: Education

Tags: flipping housesreal estate dealsinvesting out of staterental propertybigger pocketswholesalinginvestinghouse flippingflipping homesincome propertyreal estate wholesalingout of state investingfix and flipreal estatelong distance investingrentalspassive incomebiggerpocketsinvesting in real estatewhat is wholesalingfixer upperhow to wholesale real estatereal estate investingflippinglong distance real estate investing

Description: Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you. Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right? But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did. ~~~~ Join BiggerPockets for FREE: biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Podcasts Mentioned in Today’s Episode: Dominique’s InvestHER Interview: therealestateinvesther.com/blog/starting-REI-out-of-high-school-dominique-gunderson?utm_source=youtube&utm_medium=description&utm_campaign=none Jocko Willink: biggerpockets.com/blog/biggerpockets-podcast-365-jocko-willink?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Books Mentioned in Today’s Episode: BRRRR: store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=youtube&utm_medium=description&utm_campaign=none Long-Distance Real Estate Investing: store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=youtube&utm_medium=description&utm_campaign=none Raising Private Capital: store.biggerpockets.com/products/raising-private-capital?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Dominique on BiggerPockets: biggerpockets.com/users/dominiquelux?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow Dominique on Instagram: @dom_flips_nola or instagram.com/dom_flips_nola ~~~~ Connect with Other Investors on The BiggerPockets Forums: biggerpockets.com/forums?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok: Youtube: youtube.com/c/Robuilt Instagram: instagram.com/robuilt TikTok: tiktok.com/@robuilto ~~~~ Connect with David and Rob on BiggerPockets: David: biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David on Instagram: @davidgreene24 or instagram.com/davidgreene24 Episode 587 Show notes at: biggerpockets.com/blog/real-estate-587?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 02:39 Quick Tip 03:56 Entering Real Estate 10:56 Finding Buyers Before Deals 13:44 Using Age to Her Advantage 17:47 Finding Hidden Off-Market Properties 23:33 Finding Your Out-of-State Team 30:45 Breaking Through Obstacles 40:30 The Most Important Part of Flipping 45:04 Flipping Better Than The Rest 51:44 Deal Deep Dive 57:55 Fire Round 01:04:00 Famous Four