{"id":45062,"date":"2013-06-27T00:04:07","date_gmt":"2013-06-27T06:04:07","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=45062"},"modified":"2023-04-10T19:06:06","modified_gmt":"2023-04-11T01:06:06","slug":"2013-06-27-bp-podcast-024-flipping-analysis-mike-lacava","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2013-06-27-bp-podcast-024-flipping-analysis-mike-lacava","title":{"rendered":"House Flipping and Deal Analysis with Michael LaCava"},"content":{"rendered":"<p>On today&#8217;s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor <strong>Michael LaCava<\/strong> about flipping houses in today&#8217;s rapidly changing real estate market. Mike has been flipping houses since 2006, so he&#8217;s seen both the crash and the emergence of the market, and has a ton of great insight into building a scalable flipping business, analyzing deals quickly and efficiently, and (as a new feature on the Podcast) Mike dives into a &#8220;Fire Round&#8221; where he answers some of the most interesting questions asked by BiggerPockets members in the <a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\">Forums<\/a>.<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp24-mike-lacava-podcast-transcript-flipping-deal-analysis\" target=\"_blank\">Read the transcript to episode 24 with Michael LaCava here<\/a><\/p>\n<h2>Listen to The Show on iTunes (Preferred Method!)<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC5090642797\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show, We Cover<\/h2>\n<p><a href=\"\/renewsblog\/wp-content\/uploads\/2013\/05\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-9.42.11-AM1.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-43638\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/05\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-9.42.11-AM1-150x150.jpg\" alt=\"BiggerPockets Podcast _ Real Estate Investing and Wealth Building 9.42.11 AM\" width=\"150\" height=\"150\" title=\"\"><\/a><\/p>\n<ul>\n<li>Finding and <strong>Working with Partners<\/strong> in your Investing<\/li>\n<li><strong>Losing money<\/strong> on the first deal<\/li>\n<li>Mike&#8217;s view on the <strong>Hedge Fund problem<\/strong><\/li>\n<li><strong>Exit strategies<\/strong> &#8230; &#8220;What happens IF&#8230;&#8221;<\/li>\n<li>The <strong>$2.5 million dollar deal<\/strong> that fell apart<\/li>\n<li>When to use the 70% Rule and when <strong>NOT to use it<\/strong><\/li>\n<li>Finding <strong>accurate comparable sales<\/strong> (Comps)<\/li>\n<li>The best way to <strong>estimate repairs<\/strong><\/li>\n<li>Hiring your very own <strong>acquisition manager<\/strong><\/li>\n<li><strong>Tips for wholesalers<\/strong><\/li>\n<li>The power of <strong>blogging for your business<\/strong><\/li>\n<li>The flipping <strong>&#8220;Fire-Round&#8221;<\/strong><\/li>\n<li>Flipping a &#8220;<strong>Murder House<\/strong>?&#8221;<\/li>\n<li>Finding deals in a <strong>competitive market<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/forums\/88-real-estate-deal-analysis-and-advice\" target=\"_blank\">BiggerPockets Deal Analysis Forum<\/a><\/p>\n<h2>Books Mentioned in the Show<\/h2>\n<p><a href=\"http:\/\/amzn.to\/2a6JP0y\" target=\"_blank\" rel=\"noopener\">Think and Grow Rich<\/a> by Napoleon Hill<\/p>\n<h2>Tweetable Topics:<\/h2>\n<blockquote><p>&#8220;When flipping a house, you make your money on the front end. It&#8217;s understanding the numbers before getting into it.&#8221; (<a href=\"http:\/\/clicktotweet.com\/fF9dt\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Relying on the experts and building your team is crucial to being successful.&#8221; (<a href=\"http:\/\/clicktotweet.com\/zoux2\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;You need to create a plan, you need to write it down, you need to start taking action.&#8221; (<a href=\"http:\/\/clicktotweet.com\/a85Ac\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Success isn&#8217;t about how much money you make &#8211; it&#8217;s about enjoying life along the way.&#8221; (<a href=\"http:\/\/clicktotweet.com\/SmgUu\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>&#8220;Goals with no actions are just dreams.&#8221; (<a href=\"http:\/\/clicktotweet.com\/35wE2\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<h2>Connect with Michael<\/h2>\n<p>Michael&#8217;s Website <a href=\"http:\/\/www.HouseFlippingSchool.com\" target=\"_blank\" rel=\"noopener noreferrer\">HouseFlippingSchool.com<\/a><br \/>\nMichael&#8217;s <a href=\"https:\/\/www.biggerpockets.com\/users\/HouseFlipMike\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Profile<\/a><\/p>\n<p style=\"text-align: center;\"><strong>Leave your questions or comments below for Michael, Brandon, or Josh!<br \/>\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On today&#8217;s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor Michael LaCava about flipping houses in today&#8217;s rapidly changing real estate market. Mike [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-45062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/45062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=45062"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/45062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119697"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=45062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=45062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=45062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}