275 - From First Flip Fumbles to Real Estate Mastery with Lisa Coleman

Lessons Learned from a Challenging Real Estate Flip with Lisa Coleman   Welcome to another episode of the Real Estate Investor Growth Network (REIGN) Podcast, hosted by Jen Josey—your go-to resource for real estate investing strategies, house flipping tips, and expert interviews. In this episode, Jen interviews experienced real estate investor Lisa Coleman, who shares her journey through a demanding fix-and-flip project during the early days of COVID-19.   Lisa reveals the biggest challenges she faced, including working with hard money lenders, hiring and managing subcontractors, and handling renovation surprises. You'll learn about budgeting, vendor management, and the importance of having the right systems and partnerships in place for successful real estate projects. Whether you're a beginner or a seasoned investor, this episode is packed with actionable advice, real-world lessons, and inspiration to help you succeed in real estate investing.   Key topics and timestamps: 00:00 – Introduction to REIGN Podcast and today's topic 01:05 – Understanding hard money lenders (keywords: hard money lending, real estate financing) 03:30 – Guest introduction: Lisa Coleman 04:48 – Lisa's journey into real estate (keywords: real estate career, house flipping) 12:53 – First real estate project: challenges and lessons (keywords: fix and flip, renovation tips) 28:09 – Hiring the right subcontractors (keywords: contractor management, renovation team) 28:22 – Project timeline and unexpected delays (keywords: project management, real estate timeline) 29:11 – Surprises during renovation (keywords: renovation challenges, problem solving) 29:52 – Lessons learned from renovation (keywords: real estate lessons, investor tips) 31:53 – Financial outcomes and challenges (keywords: real estate profits, investment risks) 32:22 – Handling issues post-contract (keywords: contract management, post-sale issues) 34:12 – Importance of budgeting and contingency (keywords: real estate budgeting, contingency planning) 34:47 – Bookkeeping and vendor management (keywords: bookkeeping, vendor relations) 35:30 – Advice for new investors (keywords: beginner investor tips, real estate advice) 36:58 – Personal goals and aspirations 40:51 – The Badass Acronym 49:04 – Conclusion and final thoughts Tune in to discover proven strategies, avoid common mistakes, and take your real estate investing to the next level!   Lisa Coleman is a seasoned real estate professional with over 30 years of experience in the vibrant Triangle area of North Carolina. A native of the Tar Heel State—accent and all—Lisa brings both Southern charm and deep industry expertise to everything she does. After earning her degree in Finance from Woodbury University in Los Angeles, Lisa returned to her roots and built a thriving career as a real estate agent and investor. Her investment portfolio includes long-term rentals, short-term vacation properties, and fix-and-flip projects. Most recently, she's been making waves in an emerging niche: purchasing model homes from new home builders with leaseback options—blending smart investing with creative strategy. Beyond the business, Lisa is a proud mom of two—one in college and one nearing graduation—and a devoted pet parent to three beloved fur babies. When she's not working deals or juggling family life, you'll find her soaking up the sun somewhere along the coast, from North Carolina's shores down to the beaches of Florida—her happy place. Lisa joins the podcast to share her journey, insights on building generational wealth through real estate, and tips for navigating an ever-changing market with confidence and heart.   To learn more about Jen Josey, visit https://www.therealjenjosey.com/ To join REIGN, visit https://www.reignmastermind.com/ Stuff Jen Josey Loves: https://www.reignmastermind.com/resources Buy Jen Josey's Book: From Beginner to Badass: https://a.co/d/bstKlby Interested in growing your rental portfolio with Jen as your coach? Check out Rental Property Pro: https://rentalproppro.com/booking?am_id=reign