Flipping Out

In this video I walk you through a complete pad split conversion from start to finish -- before and after photos, the full rehab breakdown, and the real numbers on what this property generates every month.This was a hurricane-damaged home I bought and completely gutted. New roof, new framing, new electrical, new plumbing, new HVAC -- the whole thing. I put $260,000 into the rehab and converted it from a 4-bedroom/2-bathroom into an 8-bedroom/4-full-bathroom pad split that now generates up to $7,200/month fully occupied.Last month with 6 of 8 rooms filled I netted $5,872 -- against a $2,500 mortgage. That's real cash flow.We also cover my second pad split conversion in Port Charlotte where I'm converting a 3-bed/2-bath into 5 bedrooms -- projecting $4,200-$4,300/month vs. the $1,870 I was getting as a single family rental.Then Michael Nyszczot walks through a complete step-by-step guide to renovating a house flip the right way -- from analyzing the deal, building your scope of work, hiring the right contractors, pulling permits, and the exact order you should be doing the work.What we cover:Full before and after walkthrough of an 8-bedroom pad splitThe real numbers -- rents, mortgage, expenses, and net cash flowHow to finance a pad split the smart way (BRRRR strategy)Best markets for pad splits right nowHow to convert a garage into a legal bedroomStep-by-step rehab guide for house flippersRules of thumb for paint, flooring, vanities, and countertopsHow to find the right contractors using your real estate agentPermits -- what you need and what you don'tThe right order to do renovation workCommon mistakes that kill your profitResources mentioned:PadSplit platform -- padsplit.comHUDhomestore.gov for finding dealsAuction.com, Xome, Hudson Marshall for REO propertiesConnect with Paul: 🌐 paullizell.com 📘 facebook.com/paullizell 💼 linkedin.com/in/paullizell

In this episode, we sit down with 30-year real estate investing veteran Larry Goins — author, educator, and founder of the BRAG (Be Rich And Generous) philosophy — to break down his unconventional approach to building serious wealth through real estate without big capital, fancy rehabs, or leaving your office.Larry shares why he deliberately targets small towns and rural markets just outside major metro areas, where competition is low, prices are cheap, and deals are plentiful. He walks through his "Filthy Riches" system — buying distressed, often ugly properties for as little as $4,000–$30,000 and turning them into cash-flowing assets through seller financing and lease options rather than traditional fix-and-flip.The conversation covers how to find motivated sellers, how to build a buyer's list, why you don't need a bank to close deals, and how Larry has scaled to buying 10–15 properties per month without setting foot in most of them. He also digs into the mindset shifts new investors need, the importance of taking action over waiting for perfect conditions, and the giving-back philosophy that drives everything he does.Whether you're brand new to real estate or looking to add a creative financing strategy to your portfolio, this episode is packed with practical, no-fluff insights from one of the most experienced investors in the game.