This content was created by Joe Homs 949-625-4533. This content was uploaded by Joe Homs 949-625-4533. This is a YouTube video titled "3 Types Of Real Estate Flippers | Which One Are You?" (created 2022-02-09) featuring Joe Homs 949-625-4533 presenting a solo, instructional monologue for new and experienced real estate investors. He outlines three house‑flipping business models: (1) low-volume/high-net (DIY) flippers who do 1–2 projects per year and often act as their own contractors; (2) higher-volume/lower-net flippers who leverage private money, manage multiple projects and crews (Joe identifies as this type); and (3) the hands-off “phone call” project-manager flipper who scales by managing crews remotely. He references his 40+ years of experience, encourages viewers to take action, and points to additional videos and offers help for questions.
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In today's video, I'm going to go over 3 types of house flippers. Find out which one you are coming up next. Did you know that there's more than one type of house flipper? Not all flippers are created equal. There are multiple business models by those who flip houses for a living. Before you dive in, think of which one might fit you the best. Whichever you think fits you, make sure that you play to your strengths. I want to welcome all the new members to the channel. I made this channel for the new and experienced investor. Learn from my over 40 years of experience as a broker, mentor, and investor. Let's jump on in. Number 1 is a low-volume, high-net investor. Often these flippers are referred to as a DIY flipper or investor. They have a limited amount of time available to themselves. They're usually their own contractors. They may be flipping 1 or 2 properties a year. So if they're doing all that by themselves, it's obviously going to take them a while to complete the projects from the beginning when they purchase it, they take possession, to the time they sell it. Maybe a period of 5 to 6 months or even more. Number 2 is a higher volume, lower net investor. These investors leverage private money to have more available properties for them to flip. The margins are thinner because they're doing multiple properties, but the risk is also better because they are doing multiple properties. With this strategy, you have to be a master of managing your timeline, working with contractors, making sure that they're meeting their timeline goals. Because at the end of the day, that's what you want to do— volume. One right after the other. One closing, one purchasing, another one in rehab, another one purchased, another one rehab, another one closed, another one closed. Just like that. Just like a well-oiled machine. Number 3 is what I call the phone call flipper or the project manager that's really hands-off. Being able to manage crews by phone is an essential skill. It's possible to have multiple projects ongoing at any given time. The ability to scale is only limited by your availability of labor, capital, and risk. And I know you're going to ask, which one am I? I'm number 2. Okay, so we use a lot of private money. We buy a lot of properties. We just keep that pipeline full. We keep 3 contractor crews and more busy at any one point in time. So we're acquiring properties, we're rehabbing them, we're closing at the end of the day, and that cycle keeps and continues on a regular basis. If you're really serious, quit making excuses about why you can't flip houses for a living. Every successful house flipper started with zero experience. Instead, take action, learn, network, and then really dig in. If you're new to flipping, click on this video right here. I do a full walkthrough of a house that we got in foreclosure. If you have any questions, please feel free to reach out. I'm always here to help.
