In this episode, Elisa Covington shares her journey from working a 9-to-5 job to becoming a successful house flipper with over 70 flips under her belt. She details how she started by house hacking, transitioned into flipping, and scaled her business to flipping 20 houses a year.
Elisa also provides insights into finding deals, working with contractors, financing with hard money loans, and the importance of building trustworthy relationships with real estate agents. She offers advice for beginners and shares success stories, including one of her students making $600k on their first flip.
Additionally, Elisa talks about the impact of social media on her business and her mission to help others achieve financial freedom through real estate.
Timestamps:
00:45 Elisa’s Flipping Journey
04:12 First Flip Experience
05:19 Challenges and Lessons Learned
07:11 Finding and Funding Deals
17:07 Design and Renovation Insights
22:46 Dealing with a Problematic Contractor
23:21 Lessons Learned from Vetting Contractors
24:21 Navigating Project Challenges
25:54 Negotiating and Managing Change Orders
27:28 Advice for New Investors
33:50 The Role of Social Media in Real Estate
37:48 Lightning Round: Business Insights and Personal Growth
42:07 Final Thoughts and Future Goals
Connect with Elisa:
www.instagram.com/elisa_covington/
https://www.youtube.com/@UC0mezb8Y6esTvBieHKgfR2w
https://www.transformrealestate.com/
👇🏽 Best Flip & Fix Loan
Our favorite hard money lender - Brenda Chen:
www.cvlending.com/josh
🍿 Watch Next
How much can you make hosting travel nurses ➡️ https://youtu.be/JPDtc4T7HyY
Always Booked with Brian Koch ➡️ https://youtu.be/SSuASl6LWQM
👕 Join our meet-ups:
nvstcapital.com
🖥 Visit my website:
j-baldovino.com
📷 Follow Josh on Instagram: instagram.com/joshua_baldovino
📱 TikTok: vm.tiktok.com/ZMejX5dD1/
🎧 Listen on Spotify: https://bit.ly/jbcashflow1
Help me, help you!
🏝 Become an Airbnb Host and get $40: http://www.airbnb.com/r/jbaldovino1
🧑🏽💻 Get a free 14 free trial of my favorite automation software and CRM: https://www.gohighlevel.com/?fp_ref=invested-creators33
—
My Set Up:
Sony A7C (webcam): https://amzn.to/3IFq5OG
Sigma 24-70mm (Lens): https://amzn.to/3HtlSgZ
Shure SM7DB (mic): https://amzn.to/46GMybn
Neewer LEDs (Lights): https://amzn.to/3o8VyRo
Elgato Cam Link (HDMI to webcam): https://amzn.to/3o9Ac6D
Elgato Stream Deck MK.2 (Studio Control): https://amzn.to/3rcnZjn
Logitech MX Master 3 (Mouse): https://amzn.to/3HcHn5u
Logitech K750 Wireless Solar Keyboard: https://amzn.to/3HfCFE2
Apple AirPods 3rd Gen: https://amzn.to/3HfCFE2
Bose QC35 (Headphones): https://amzn.to/3GcLFZ2
-
😎 Links may be affiliate links that pay me a small kickback. Thanks for clicking and supporting the channel! 🙏🏽