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

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