301: Why Cheap And Ugly Houses Are Gold Mines For Flippers
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301: Why Cheap And Ugly Houses Are Gold Mines For Flippers
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Think ugly, cheap houses aren’t worth your time? Think again. In this episode, Stephanie Lombardo shares her secrets to finding rundown properties, adding value, and flipping them for big profits. She explains why mid-level flips are perfect for beginners and how to avoid costly mistakes. You’ll also learn her strategies for working with contractors, deciding between flips and rentals, and balancing real estate with family life.
KEY TALKING POINTS:
0:00 - Introduction
0:41 - An Overview of Stephanie Lombardo’s Business
1:15 - Why She Decided To Start Flipping Houses
2:03 - Hard Lessons She’s Learned In Business
4:23 - Working With The “Ugly, Cheap” Flips
8:58 - The Impact That House Flippers Have
11:00 - How Her And Her Husband Divide The Work
12:23 - Stephanie’s Coaching Business
14:22 - How She Decides What To Keep As A Rental
17:00 - Her Advice For Aspiring Flippers With Analysis Paralysis
18:29 - Outro
LINKS:
Instagram: Stephanie Lombardo
https://www.instagram.com/flippinempire/
Website: Stephanie Lombardo
https://flippinempire.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/