Episode #1,058 Invest in High-ROI Turnkey Rentals with Rent to Retirement: https://www.renttoretirement.com/ Episode Show Notes: https://www.biggerpockets.com/podcasts/real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab James’ New Book, “The House Flipping Framework”: https://store.biggerpockets.com/products/the-house-flipping-framework?utm_source=youtube&utm_medium=mention Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders Flipping Houses: How to Get Started and Everything You Should Know: https://www.biggerpockets.com/guides/how-to-flip-houses?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with James: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Dave said he’d never flip a house. He doesn’t have the handyman skills; he doesn’t like managing contractors, and he can’t design a floor plan. So why now, coming into 2025, has he decided to flip his first house? It’s simple—an opportunity was presented to him that he couldn’t pass up. Partnering with expert investor James Dainard, Dave is flipping this house with James acting as the operator and Dave as the investor. If you’ve ever wanted to get into house flipping but felt like Dave, this episode will show you how to start. If Dave isn’t managing contractors or handling permits, what role does he play? Today, Dave and James are walking through their unique house-flipping partnership, explaining why James made an offer on the property within hours of hearing about it, their rehab budget, renovation plan, potential profit, and some hiccups they could run into (asbestos!). James is even sharing his expert tips on how to know a property is worth buying for a flip and questions you must ask a flipper or lender BEFORE you start working with them. We’ll keep you updated on this flip’s progress so you can see exactly what goes right, what goes wrong, and how much money this property will make! 00:00 Intro 02:23 Finding the Deal 03:30 Purchase Price, Rehab Costs, & Comps 08:16 Signs of a Good Flip 11:52 Permits, Plans, and...Asbestos! 13:50 How to Passively Invest in Flips 18:53 Picking a Partner 29:02 Ask THESE Questions 33:28 Follow the Flip Progress!