Home flipping might be the most well-known method for real estate investing, and while interest rates and home prices have pushed many investors out of the space and into others, some flippers are still making it work. On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes guest Gabe Cole to the show. Gabe is a home flipper in Southern California, known as one of the most expensive markets in the country, and has flipped hundreds of homes. He is a licensed real estate agent and the founder and team lead of REALM Residential, brokered by Real. As the show opens, Gabe explains how he initially got involved in real estate through his wife’s family, specifically his father-in-law, who was a top-producing agent in their market. Gabe’s father-in-law mentored and coached him while he learned the ropes. Jonathan and Gabe delve into how to identify properties that fit your buy box criteria, what he’s learned about buying outside of your buy box, and how he’s been successful in Southern California despite the high prices and low inventory. You’ll hear why you have to know who your end buyer is for a flip, the importance of raising capital through relationships, equity investors versus debt investors, and why you must have systems and processes in place. Gabe explains design’s role in a flip, the time freedom this career created for him and his family, the competitiveness of his market even for teardowns, and how other investors can find success even in Southern California. If you’re interested in home flipping but don’t think it’s profitable anymore, you won’t want to miss this conversation with Gabe Cole. In this episode, you will hear: Gabe Cole’s introduction to real estate through his wife’s family, including coaching and mentoringWhat he learned from working in the business as an agent before becoming an investorIdentifying good investment properties that fit into your buy boxThe lesson Gabe learned when he bought outside of his buy box and why he sticks to what he knows nowFinding success in the Southern California markets despite low inventory and high pricesKnowing how your end buyer is and designing the flip toward that buyerThe hardest part of learning to be a flipper for GabeTaking into account how much you can push value based on the houseWhy you have to learn how to raise money to do more than one or two deals a yearPresenting a flip as an opportunity for the person who is loaning the moneyEquity investors vs debt investorsThe importance of systems and processes, particularly when doing multiple flips and implementing numerous contractorsDesign’s importance in flipping propertiesThe time freedom Gabe now has in his scheduleCompetitiveness even for teardowns and rundown homesWhy he doesn’t typically buy homes from wholesalersTeaching other agents how to invest, particularly in high-priced markets like Southern CaliforniaWhere Gabe’s business is going in the future Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/139 to download it. Supporting Resources: REALM Residential website - www.realmoc.com Gabe Cole on YouTube - www.youtube.com/@FreedomFlipperWithGabeCo-dt9fy Find Gabe on Facebook - www.facebook.com/GabeColeRealEstate Gabe’s Instagram account - www.instagram.com/gabecolerealestate Connect with Gabe on LinkedIn - www.linkedin.com/in/gabecolerealestate Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - https://www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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