The Steps to Getting Your Flip Renovation Started

Welcome back, deal finders! In today’s Deal Finders episode, we’re diving deep into one of the most critical phases of the flip process: getting your renovation off the ground. Whether you’re flipping your first property or your tenth, this episode will give you the foundation and strategy to set your renovation up for success—and protect your profit in the process.

 

I walk you through the systems we’ve developed over years of experience (and plenty of trial and error) to help you stay on budget, manage contractors, and avoid costly surprises. Plus, I break down three different ways to manage your renovation based on your experience level and resources. If you’re serious about flipping real estate the right way, you’ll want to hear this from start to finish.

 

Episode Timeline & Highlights

[0:00] - Introduction

[0:22] - Kicking off the flip series: Why renovation is the next key step

[1:26] - How flipping can lead to financial freedom—if you follow a process

[2:49] - The high cost of learning the hard way (and how we learned to stop)

[4:15] - Why documenting every detail of your walkthrough is non-negotiable

[6:21] - Using a property walkthrough checklist to build your scope of work

[7:30] - Turning notes into a contractor-ready renovation plan

[8:13] - Why beginners must avoid estimating costs—get real quotes!

[9:12] - Three ways to handle renovation management (GC, PM, DIY)

[12:34] - Vetting contractors through referrals and real work you’ve seen

[13:14] - Wrapping it up: When your numbers make sense, it’s time to flip!

 

Key Takeaways

1. Systems Save Your Profit – The clearer your documentation at the start, the more likely you are to stick to budget and timeline.

2. Don’t Estimate If You’re New – Get real quotes and inspections during your due diligence period. Estimating without experience can sink your deal.

3. You Have Options – Choose your renovation management strategy wisely: hire a GC, work with a project manager, or manage subcontractors yourself.

 

Links & Resources

• Visit: dealfindersclub.com/events to find the next local training

 

Enjoyed the episode?

Be sure to rate, follow, and review the Radio Finders Podcast. And don’t forget to share this with a fellow deal finder who needs a solid renovation game plan. Let’s keep flipping smart. Talk to you soon!