I appreciate the details & step by step instructions. Your videos take the fear of the unknown off the table. Do it, make mistakes, learn the process. Do it again.
I appreciate you taking the time out to give step by step instructions on every video that you do. The value of your contact is so important to someone like myself starting out. Thank you so much !!! BLESSING 🙏
Great video. I have an additional suggestion for you. As a flipper you can go over to the commercial services desk and arrange to have everything delivered from Lowes or Homedepot at a pretty small fee if you are ordering a lot of items or heavy/bulking items like drywall, pipes, etc.
Good advice. There are a number of ways to work with a contractor. Personally I have used putting a deposit down od 300-500 for them to buy materials or get in their schedule and show goodwill. I also pick up/buy most of materials and have them at the job site. Usually I send the contractor a text showing the materials at the site so he/she knows they can start.
I wish I had watched this video sooner. I hired marketers to do my plumbing and electrical. It cost me 3 times more than hiring an owner/operator. I also recommend hiring contractors with insurance and a license. In most cases, the license isn't hard to get for an installer, but if they don't spend the time doing it, then I don't trust they will spend the time to do quality work.
The rehab cost is a crucial component of property evaluation. If we want a good one, offer to pay for it. For a full house renovation, $150 minimum. For smaller specific estimates $50 to $100. Show the contractor you respect their time and expertise.
Keep it up Lili i am so proud of you as a black women myself seeing other black women succeed is a plus. Other than multiple estimate from contractors and always know time is the Essence. Some times those who give you a little higher estimate know what they are doing than the one who is giving you low estimate to gain the job. Know what type of Permits you need as you go big a permit expeditor person is a must . Another person you need is some one who is good with design and blue print. As you excel in to big projects you know what to do eventually. You are on fire girl keep grinding!!!
Hey I’m 18yo and I want to start wholesaling and acquiring rental properties. Have you ever thought about mentoring someone? I have some questions that you have not answered on the videos I’ve watched. Keep up the Great work
This video deserves millions of likes. That is very helpful no like those real estate gurus that only shows the good side or a little bit of the business to sell you something books or courses
You can definitely have your contractor pickup the stuff from Lowe's or Home Depot and the store will call you to make the payment. You can also order the stuff and have it ready for pickup. You may not want to do that with lumber though since it could be warped or knotted.
Hi I have a question, I seen one of your short clips and you mentioned paying contractors 45% up front and 45% when they are done and 10% when you do your Walkthrough to make sure everything is up to your standards. I wonder is this method a good standard for dealing with All contractors and a good way to avoid possibly of getting scammed/ripped off???
Great vid Lili! Be careful telling contractors that you are new at this. Unfortunately a lot of contractors are very shady and might take advantage of you if they sense weakness. Instead you may just want to thank them and give the contractor a small tip of $20 or so for coming by and giving you a bid. Be careful tipping too much though since you don't want to give off the wrong impression that you are loaded.
Exactly what I was thinking. If they know you're a beginner they may think you don't know what is the average people charge for specific work and then they will charge you way too much. I am going through this now and am afraid of someone taking advantage.
Good video, I have flipped hundreds of properties and I can tell you I remember my early ones. Always cage your appliances too! Great VIDEO LILLY WE NEED TO COLLAB!!
My question is whenever you get the deal accepted from the listing agent and the house is a fix and flip am I responsible for getting the house fixed ? Do I have to find contractors and pay them to fix the house up or my cash buyers who buy the house fix it up?
Hey lily, what grade of paint do you use in your places? I just painted my first rental and was shocked at how expensive paint is. There’s always the cheap Velspar but then it requires more coats. Just curious which paint you use
Hey Lili, I had a quick question… Do you have to know everything about real estate to start fixing and flipping? Like what if I don’t know how to feel out paper work or know what to do….can I hire someone to help me?
Lili, This is excellent content and you are a great teacher! Quick questions: 1. is it a good practice to always have a signed contract with the contractor which specifies the scope of work, property key usage, injury liability waiver, and etc? 2. Is it a good practice to have an independent inspection of contractor's quality of work throughout the stages of the work?
Thank You!!! I just told my son that I wasn’t sure about finding a contractor and to my pleasant surprise this video popped up on my timeline. Thank you for always sharing and giving us such detailed information. You’re taking away all of my excuses and fears of getting started as an investor. I really appreciate you! THANKS!!
What IDIOT of a TH-cam guru tells you not to visit your job sites??? That is HORRIBLE advice! Absolutely horrible. I have over $10M worth of flip projects going right now so I'll put myself under the "experienced" category and I VISIT EVERY JOB SITE! Keep going to your job site Lili. You are doing the right thing by staying on top of your product. 30 seconds in you've already got me commenting. 😂Now back to watching the rest of your video.
Lol apparently some experienced investors have taken the “build systems and only spend time doing high value activities” too far. They say things like “if you’re constantly visiting job sites you’re not getting the next deal!” 😅🙅🏾♀️🤷🏾♀️
Love this video! I just closed on my first home a few weeks ago (which I will be living in with a roommate) and ran into everything you mentioned in this video! Great advice! Can't wait to buy more properties in the future and get them ready for tenants.
Lili can you add more financial information into these videos please? Like let us know the methods you’re using to get these things done for each home and the cost associated so we can learn good deal ranges, even how much time spent on rehab (if that’s ok) love all of the content 🙌🏾
have you considered paying on the drip that is once each project/section is finished (plumber, electrician, installer, etc) you pay them that way you don't have to worry about them running off with your money etc.
Hey Lili, i'm trying to get into whole sale real estate. I'm just having trouble understanding somethings even after watching your videos. Please help!
Watching your journey has been so inspiring. Great to see how far you've come. PS: you're sure to hit the 70K subscriber mark before the end of September!
Congratulations! Lilli You doing a great job... I Thing A Contractor, Should Pick Up Their Own Material. But I Know It's exceptions today. It's Ok, God Will Lead You, Because It's Good To Be Hands On. {God Bless You}
Lili has given me the opportunity to work on a house with her (the one in the back digging the trench) and she’s an amazing person to work with nice and considerate Im hoping I get to work on more houses it’s been a great adventure
First thank you for all the advice you provide, it’s honestly so helpful. I do have one question though, I’m trying to get my first deal but every property I look at and run the appropriate numbers on has me offering almost half of the asking price. Is that normal or is my math off? If it is normal how do you justify offering so little??? Plz help!
Hey LiLi..were you in the original Space Jam movie.???.if u haven't seen it..I swear u look like the girl in the scene with Charles Barkley wen they playin the pickup game. I'm asking with all do respect.
Great video, super helpful. I loved the way you broke down the 3 categories of contractors! I'm currently trying to jump start a project in Tampa, FL. It's a full blown top to bottom renovation. All I'm working with is a shell and a roof. Otherwise, everything would need to be replaced. Foundation (Block and pier), HVAC, electric, Plumbing, Drywall, Windows & Doors, Insulation, OSB floors, all floor joists (Termite damage), kitchen and bathrooms etc. I feel like because this project is practically like building a brand new house I'm terribly nervous I maybe biting into more than what I can chew as a new project for me. Do you have any suggestions on what would be recommended for new timers to be taking up? My fear is to going into this project and make so many mistakes leading to much financial loss I won't be able to come back from. My plan was to work with owner and operators v.s a marketing company.
You are not dealing with a real contractor if he shows up to do a job with nothing down good way to get black listed for even asking. Unless you are talking about a day job that no materials are needed. Also very insulting to come to a job and two other contractors are already looking most people are given higher bids for that.
![ILLSLICK - KILLSHOT REMIX [FULL VERSION]](http://i.ytimg.com/vi/RIK8RrqIAzE/mqdefault.jpg)
I am watching this video the again as i go through this process as a beginner
You can face time and do like a wire transfer
This young lady is EPIC…🇺🇸
Appreciated! Thanks for watching!
THANK YOU VERY MUCH. . I AM TOTALY NEW TO THIS AND THIS VIDEO IS VERY HELPFUL .
I learned so much off of your video and I just started yesterday watching TH-cam channel great job
Welcome aboard!
Simply Amazing advice. Thank you 100.
I appreciate the details & step by step instructions. Your videos take the fear of the unknown off the table. Do it, make mistakes, learn the process. Do it again.
I appreciate you taking the time out to give step by step instructions on every video that you do. The value of your contact is so important to someone like myself starting out. Thank you so much !!! BLESSING 🙏
This was very helpful thanks for sharing your Journey
Thx a lot Lilly
Great video! Thanks
all good tips thank you
Great video. I have an additional suggestion for you. As a flipper you can go over to the commercial services desk and arrange to have everything delivered from Lowes or Homedepot at a pretty small fee if you are ordering a lot of items or heavy/bulking items like drywall, pipes, etc.
Is this the same as ordering and paying for delivery online
@@twincherry4958 no, it isn’t. Contractor desk is who you want to talk to for delivery.
@@empressche333 they've never been helpful, ever
Good advice. There are a number of ways to work with a contractor. Personally I have used putting a deposit down od 300-500 for them to buy materials or get in their schedule and show goodwill. I also pick up/buy most of materials and have them at the job site. Usually I send the contractor a text showing the materials at the site so he/she knows they can start.
I wish I had watched this video sooner. I hired marketers to do my plumbing and electrical. It cost me 3 times more than hiring an owner/operator. I also recommend hiring contractors with insurance and a license. In most cases, the license isn't hard to get for an installer, but if they don't spend the time doing it, then I don't trust they will spend the time to do quality work.
thanks for watching Jeremy
The rehab cost is a crucial component of property evaluation. If we want a good one, offer to pay for it. For a full house renovation, $150 minimum. For smaller specific estimates $50 to $100. Show the contractor you respect their time and expertise.
Great content!
Thanks!
Keep it up Lili i am so proud of you as a black women myself seeing other black women succeed is a plus. Other than multiple estimate from contractors and always know time is the Essence. Some times those who give you a little higher estimate know what they are doing than the one who is giving you low estimate to gain the job. Know what type of Permits you need as you go big a permit expeditor person is a must . Another person you need is some one who is good with design and blue print. As you excel in to big projects you know what to do eventually. You are on fire girl keep grinding!!!
Yesss! You are doing the dagone thing! I thought you were out of the game but you came through!
More to come!
Hey LiLi great information. Do you ever tip your contractors?
OMG! This is by far the best info on looking for/screening/selecting/paying contractors. PERIOD!
That was my goal! Subscribe for more :)
How do you find contractors? Referrals or Google
Most say referral are best
Hey I’m 18yo and I want to start wholesaling and acquiring rental properties. Have you ever thought about mentoring someone? I have some questions that you have not answered on the videos I’ve watched. Keep up the Great work
This video deserves millions of likes. That is very helpful no like those real estate gurus that only shows the good side or a little bit of the business to sell you something books or courses
How you keep count of the expenses ?
You can definitely have your contractor pickup the stuff from Lowe's or Home Depot and the store will call you to make the payment. You can also order the stuff and have it ready for pickup. You may not want to do that with lumber though since it could be warped or knotted.
Hi I have a question, I seen one of your short clips and you mentioned paying contractors 45% up front and 45% when they are done and 10% when you do your Walkthrough to make sure everything is up to your standards. I wonder is this method a good standard for dealing with All contractors and a good way to avoid possibly of getting scammed/ripped off???
Great vid Lili! Be careful telling contractors that you are new at this. Unfortunately a lot of contractors are very shady and might take advantage of you if they sense weakness. Instead you may just want to thank them and give the contractor a small tip of $20 or so for coming by and giving you a bid. Be careful tipping too much though since you don't want to give off the wrong impression that you are loaded.
Imma take you advice as well as a female 😌
Exactly what I was thinking. If they know you're a beginner they may think you don't know what is the average people charge for specific work and then they will charge you way too much. I am going through this now and am afraid of someone taking advantage.
Excellent! Thanks for sharing Did one flip last year using the BRRR method. It works. This young lady is on it!
Right on!
How did you get funds as new flipper?
They have some great looking properties in Oklahoma
Good video, I have flipped hundreds of properties and I can tell you I remember my early ones. Always cage your appliances too! Great VIDEO LILLY WE NEED TO COLLAB!!
What is caging appliances?
I love me some Lili. Thank you thank you thank you for the consistently great content!
✊🏾❤️
I think making videos going into super detail about how you do your flips from start to finish step by step room by room is amazing content
My question is whenever you get the deal accepted from the listing agent and the house is a fix and flip am I responsible for getting the house fixed ? Do I have to find contractors and pay them to fix the house up or my cash buyers who buy the house fix it up?
Are you wholesaling the deal? If yes, then your cash buyers will fix the property.
Sometimes you can find Metal Recyclers or used appliance stores that will take things like the Hot water heaters Dishwashers for free.
Its awesome to see you watch Renovision too xD Our canadian friends are wonderful.
Hey lily, what grade of paint do you use in your places? I just painted my first rental and was shocked at how expensive paint is. There’s always the cheap Velspar but then it requires more coats. Just curious which paint you use
Hey Lili, I had a quick question… Do you have to know everything about real estate to start fixing and flipping? Like what if I don’t know how to feel out paper work or know what to do….can I hire someone to help me?
I would, esp first flip
Did you try to contact the manufacturer for the gas valve?
I was told not to ever pay for materials as now you're liable for anything that happens on the job site since you've made the purchase.
Lili, This is excellent content and you are a great teacher! Quick questions: 1. is it a good practice to always have a signed contract with the contractor which specifies the scope of work, property key usage, injury liability waiver, and etc? 2. Is it a good practice to have an independent inspection of contractor's quality of work throughout the stages of the work?
Young lady, you are doing it girl! Thank you for all of the info you share. We really appreciate it!
Are you giving out loans if i can give you a good business plan? Love to get a hard 💰 loan to start 4 rentals. Thanks. ❤
I was looking for this video thank you Lili
I'm a subscriber great video thx. I was wondering what's the tip to buying the granite? Because it's expensive.
Flooring liquidators has cheap granite. I bought a 10 ft slab for $95 I'm sure its higher now
How much did the granite cost?
What type 9f security do you set up in your properties when it is vacant?
I appreciate your content.😊
Thank You!!! I just told my son that I wasn’t sure about finding a contractor and to my pleasant surprise this video popped up on my timeline. Thank you for always sharing and giving us such detailed information. You’re taking away all of my excuses and fears of getting started as an investor. I really appreciate you! THANKS!!
What IDIOT of a TH-cam guru tells you not to visit your job sites??? That is HORRIBLE advice! Absolutely horrible. I have over $10M worth of flip projects going right now so I'll put myself under the "experienced" category and I VISIT EVERY JOB SITE! Keep going to your job site Lili. You are doing the right thing by staying on top of your product. 30 seconds in you've already got me commenting. 😂Now back to watching the rest of your video.
Lol apparently some experienced investors have taken the “build systems and only spend time doing high value activities” too far.
They say things like “if you’re constantly visiting job sites you’re not getting the next deal!” 😅🙅🏾♀️🤷🏾♀️
@@Liliinvests you can get the next deal while at the job site every thing is online smh keep up the good work Lili.
Ikr... smh
Thank you for doing this. You're helping so many people
😍I love the blue 💙 cabinets!!!
What state is this
Excellent vid!
Great tips.
Hey lili for the mulch you could have went to a mulch supply place they also deliver and it’s fresh mulch and cheaper then Lowe’s
Do you plan on getting your builders license? 😍
Love this video! I just closed on my first home a few weeks ago (which I will be living in with a roommate) and ran into everything you mentioned in this video! Great advice! Can't wait to buy more properties in the future and get them ready for tenants.
It’s dope how detailed all of your videos are. I’m an active flipper and I really appreciate it !
Where did you learn your exit strategy methods?
The house looks great! Thanks for the great tips. As a newbie myself, I really appreciate learning what worked and didn’t work for you.
Lili can you add more financial information into these videos please? Like let us know the methods you’re using to get these things done for each home and the cost associated so we can learn good deal ranges, even how much time spent on rehab (if that’s ok) love all of the content 🙌🏾
You’re flipping now?! Good for you!!! My fiancé and I watch your videos!
What if u can't afford contractor s at your first flip
I love it! Learn as much as you can in the beginning and keep bossing up!
You are so logical , practical and inspiring...loving it! I'm celebrating your success.
Omg where did you get them Brown shutters from ??? They are nice !!!
You are a blessing love ❤ your help 🙏
have you considered paying on the drip that is once each project/section is finished (plumber, electrician, installer, etc) you pay them that way you don't have to worry about them running off with your money etc.
Hey Lili, i'm trying to get into whole sale real estate. I'm just having trouble understanding somethings even after watching your videos. Please help!
Very impressive. So glad for your success. Inspirational
50$ ha! Contractor I spoke to charges $300!
Thank you for the info maybe next week ill close my first
fix and flip. Do you have a video about how do you finance your projects?
$20-50 won't buy a detailed estimate. More like 150-500
Watching your journey has been so inspiring. Great to see how far you've come. PS: you're sure to hit the 70K subscriber mark before the end of September!
Congratulations!
Lilli You doing a great job...
I Thing A Contractor, Should Pick Up Their Own Material. But I Know It's exceptions today. It's Ok, God Will Lead You, Because It's Good To Be Hands On.
{God Bless You}
Thanks Lili so much. 🙏👍🏽
Lili has given me the opportunity to work on a house with her (the one in the back digging the trench) and she’s an amazing person to work with nice and considerate Im hoping I get to work on more houses it’s been a great adventure
First thank you for all the advice you provide, it’s honestly so helpful. I do have one question though, I’m trying to get my first deal but every property I look at and run the appropriate numbers on has me offering almost half of the asking price. Is that normal or is my math off? If it is normal how do you justify offering so little??? Plz help!
Have you bought in Los Angeles area? Good vibes always
Hi Lili ! just ran into your video dated a few months ago. Are you still doing Zoom meetings?
Getting ready to go through this process! I appreciate the tips!
Dope advice
Lili, could you please refer me to the person that created the intro for your channel?
Lili did you used to be a Harlem Globetrotter?
Just subscribed very inspiring keep the good work. Hope to meet you one day
Please how can I contacts
Hey LiLi..were you in the original Space Jam movie.???.if u haven't seen it..I swear u look like the girl in the scene with Charles Barkley wen they playin the pickup game. I'm asking with all do respect.
Just subscribed to your channel love how you give details!!.. You should write a book 📕 ✍🏾
Thanks for subbing!
Great video, super helpful. I loved the way you broke down the 3 categories of contractors! I'm currently trying to jump start a project in Tampa, FL. It's a full blown top to bottom renovation. All I'm working with is a shell and a roof. Otherwise, everything would need to be replaced. Foundation (Block and pier), HVAC, electric, Plumbing, Drywall, Windows & Doors, Insulation, OSB floors, all floor joists (Termite damage), kitchen and bathrooms etc. I feel like because this project is practically like building a brand new house I'm terribly nervous I maybe biting into more than what I can chew as a new project for me. Do you have any suggestions on what would be recommended for new timers to be taking up? My fear is to going into this project and make so many mistakes leading to much financial loss I won't be able to come back from. My plan was to work with owner and operators v.s a marketing company.
Did you actually do this as your first project? I would've advised against. A small cosmetic job ($10k to $30k) would be much better.
You are not dealing with a real contractor if he shows up to do a job with nothing down good way to get black listed for even asking. Unless you are talking about a day job that no materials are needed. Also very insulting to come to a job and two other contractors are already looking most people are given higher bids for that.
You can actually rent trucks from Home Depot I heard. Not sure if they do that anymore though.
It true ive seen them around
Great video!