EP.10 - Fix and Flipping Real Estate Explained: Flipping Houses Without Costly Mistakes

Fix and flipping real estate can be extremely profitable, but it can also be one of the fastest ways to lose money if you buy the wrong deal. The difference between success and failure almost always comes down to how the deal is sourced, analyzed, renovated, and financed.In this episode, Ryan Marks is joined by Brad Hansen of ENRG Realty, an experienced Los Angeles based investor and agent who specializes in sourcing, renovating, and flipping properties for strong returns. Brad shares how successful investors evaluate opportunities, spot potential issues early, and protect their margins before ever submitting an offer.Whether you are preparing for your first fix and flip or expanding an existing investment business, this episode delivers a practical, straightforward breakdown of what works, what does not, and how to avoid common pitfalls.In This Episode:• How experienced investors source fix and flip deals • Why MLS deals can work when analyzed correctly • What red flags to look for before making an offer • How renovation scope and timelines impact profit • Why buying properties in worse condition can lead to better returns • The importance of involving a contractor early • How to avoid overpaying and protect your margin • Common mistakes that turn good flips into bad dealsUse our free scope of work calculator to enter rehab costs, calculate your margins, and see if a property is a winner before making an offer. https://seimortgage.com/scope-of-work-tool-calculator/Explore additional tools and resources or get in touch with us at www.seimortgage.com to learn more about fix and flip financing, investor loan options, and Non QM programs.Get in touch with Brad Hansen to discuss fix and flip opportunities or work with an investor focused agent in the Los Angeles market, you can reach him directly at:  Email: [email protected]: www.brad-hansen.comDISCLAIMER - Ryan Marks is a Licensed Mortgage Loan Originator (NMLS #519138) operating under The Turkey Foundation, Inc. (NMLS #236669), an Equal Housing Lender. Ryan conducts mortgage origination under his DBA, The Everyday Lending Group. SEI Mortgage is an educational brand only. It is not a mortgage lender, does not issue pre-approvals or loan estimates, and does not extend credit in any form. All information provided in this podcast is for educational and informational purposes only. Nothing in this episode should be interpreted as: Legal advice, financial advice, tax advice, real estate advice, a commitment to lend, an offer, quote, or guarantee of loan terms. Loan guidelines, program availability, rates, underwriting rules, and qualification methods for Non-QM mortgage programs can change at any time and may vary by lender, investor, market conditions, and state regulations. Examples given are hypothetical and may not reflect actual terms available to any borrower. Listeners should independently verify all calculations, assumptions, and program details with qualified professionals. Always consult with a licensed mortgage lender, real estate agent, CPA, financial advisor, or attorney before making decisions related to home financing, investing, or credit. This podcast is not affiliated with, endorsed by, or acting on behalf of Fannie Mae, Freddie Mac, FHA, VA, HUD, or any government agency. No government agency has reviewed or approved the content of this recording. The Turkey Foundation, Inc. 1805 E Garry Ave, Santa Ana, CA 92705 Equal Housing Lender