Scaling Success: Dominique Gunderson's Journey in Out-of-State Flipping
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On the BiggerPockets podcast, Dominique Gunderson, a real estate maverick, reveals her astonishing journey of flipping houses in New Orleans while living a nomadic lifestyle in an RV. This modern-day property tycoon has defied all odds by remotely managing a whopping 12 projects at once, a feat that seems utterly impossible to the average Joe. Starting her career straight out of high school with wholesaling, Gunderson swiftly transitioned to flipping to fuel her entrepreneurial dreams. Her relentless drive and vision have propelled her from a single property purchase under $100,000 to orchestrating a multi-million dollar flipping empire.
Gunderson's out-of-state flipping strategy is a masterclass in balancing active involvement with passive income generation. By strategically choosing New Orleans as her market due to trusted contacts, she has cracked the code to success in the real estate game. Scaling up from handling 5-6 projects to a staggering 12, Gunderson emphasizes the critical role of networking in building a reliable remote team. Her secret sauce lies in maintaining a steady deal flow and nurturing strong relationships with contractors and agents, both in-person during visits and online through local groups.
Despite facing initial challenges and modest profits on her first flip, Gunderson's perseverance and ability to learn from mistakes have been key to her meteoric rise in the industry. She highlights the importance of having tangible projects to anchor conversations and expedite relationship-building, a strategy that has proven instrumental in her journey. The podcast delves into the essence of Gunderson's success story, offering a glimpse into the high-octane world of out-of-state flipping and the art of turning real estate dreams into reality, one property at a time.
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