Flip and Flourish: The Beginner’s Guide to Fix and Flips w/Jared Holland

People in real estate come from all walks of life, and that allows us to bring our expertise into our current businesses. For agents with a background in construction, this is great news, because these talents allow them to more easily foray into fix and flips.

 

However, our backgrounds aren’t the only deciding factor, and investors who don’t have a history in construction can still get huge returns renovating older properties - I know this because I was just a nerdy accountant who now flips over 125 homes per year.  

 

With that being said, what do we need to know before getting involved with flips and how can agents get into flipping - even if they don't have a construction background at all.  

 

In this episode, Founder of JH1 Homes, Jared Holland shows you how any agent can invest - including some unique ways of doing deals with no money - like partnering on deals with your seller clients.

 

If you’re new to fix and flips, start at a smaller scale. -Tom Cafarella

 

Three Things You’ll Learn In This Episode

• The importance of having a dedicated fix and flip team: 
  
  Flips are a complex process, and it can be difficult to juggle that along with everything else we have going on. Build a team solely dedicated to the flipping side of the business to make sure it gets the attention it deserves. 
  
  
• Why flips don’t need to be a total remodel: 
  
  Not all properties need extensive renovations to get a high return. Simple cosmetic changes, like new countertops, cabinets, and a fresh coat of paint can do wonders for a property without breaking the bank.
  
  
• How to get started if you’re new to construction: 
  
  Not having experience in construction shouldn’t hold investors back from fix and flips. Look out for a contractor who has worked with investors in the past, find solid comps, and everything else will fall into place.

 

Guest Bio:

 

Jared Holland is the Founder of JH1 Homes. A developer and investor, Jared began his career in the construction industry before deciding to not only build homes, but sell them too. In addition to being an investor, Jared is a licensed real estate broker and a Managing Broker at Compass. 

 

To find out more, head to:

http://www.jh1homes.com/agents/jared-holland/ 

https://www.compass.com/agents/jared-holland/

https://www.linkedin.com/in/jared-holland-61bb9440

https://www.instagram.com/jaredflipsseattle/