Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Jon Steingraber

๐Ÿ‘ค Speaker
256 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

That's in this phase one scope or phase two. And then you put who is assigned to that, what trade, plumber, electrician, HVAC, demo, et cetera. And you might have like, I hire people just to clean the house the whole time. They're just cleaning.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

That's in this phase one scope or phase two. And then you put who is assigned to that, what trade, plumber, electrician, HVAC, demo, et cetera. And you might have like, I hire people just to clean the house the whole time. They're just cleaning.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

Yeah, they're just cleaning, cleaning, cleaning. I have one person that's gone hydrating everybody, giving them water. Right. And, you know, it's a little bit different than your normal job. We get, you know, we get food for everybody. We have a runner to Home Depot or Lowe's or, you know, whatever.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

Yeah, they're just cleaning, cleaning, cleaning. I have one person that's gone hydrating everybody, giving them water. Right. And, you know, it's a little bit different than your normal job. We get, you know, we get food for everybody. We have a runner to Home Depot or Lowe's or, you know, whatever.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

They're literally waiting in their van. They're going, you know, they're waiting in the Home Depot parking lot. And hey, I need this. And then they go in and then they come to the house.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

They're literally waiting in their van. They're going, you know, they're waiting in the Home Depot parking lot. And hey, I need this. And then they go in and then they come to the house.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

Right. So, I mean, it's simple. It's simple, simple pre-planning stuff. And of course you're going to, you're going to plan everything out from lunch, right? Like what time is lunch? Who's having lunch, et cetera. We typically take a break, everybody. And we have a line, people just line up. I don't know if they show that on, on the, on the episodes. I haven't seen them all.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

Right. So, I mean, it's simple. It's simple, simple pre-planning stuff. And of course you're going to, you're going to plan everything out from lunch, right? Like what time is lunch? Who's having lunch, et cetera. We typically take a break, everybody. And we have a line, people just line up. I don't know if they show that on, on the, on the episodes. I haven't seen them all.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

The other thing that I want to, before I forget, so a lot of people make the mistake in the decision-making phase. Yeah. They're like, my wife will go into a house, no joke, and she'll be like, knock down this wall, knock down that wall.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

The other thing that I want to, before I forget, so a lot of people make the mistake in the decision-making phase. Yeah. They're like, my wife will go into a house, no joke, and she'll be like, knock down this wall, knock down that wall.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

And I'm like, no, we're not knocking down walls because that's going to require fixing the floors, getting permits, waiting for them to come and take a look at that we did it right. And then you can proceed. You can't do that if you're going to do a really quick flip. You just can't. And I'm not saying that you don't get permits. You get permits on things that are one-step permits.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

And I'm like, no, we're not knocking down walls because that's going to require fixing the floors, getting permits, waiting for them to come and take a look at that we did it right. And then you can proceed. You can't do that if you're going to do a really quick flip. You just can't. And I'm not saying that you don't get permits. You get permits on things that are one-step permits.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

But if there's things that are multi-step permits where it's like, I have to do framing, then insulation, then finish, the finish doesn't matter. But the first two are stopping you from moving forward in your sequence.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

But if there's things that are multi-step permits where it's like, I have to do framing, then insulation, then finish, the finish doesn't matter. But the first two are stopping you from moving forward in your sequence.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

Right. So you're literally just waiting. Yeah. And you're wasting money and wasting time. So a lot of times, you know, even though the sink would be better off over here, you know, within three feet, I can move it, you know, and I don't it doesn't require a permit. Right. So I'm not going to move it over there.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

Right. So you're literally just waiting. Yeah. And you're wasting money and wasting time. So a lot of times, you know, even though the sink would be better off over here, you know, within three feet, I can move it, you know, and I don't it doesn't require a permit. Right. So I'm not going to move it over there.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

I'm just going to figure it out. And not every house qualifies for this. Some are just functionally obsolete and you do need to make changes. Yeah. You know, but, you know, for example, a lot of times before I used to knock down the wall between two bedrooms and a four bedroom house and make it a three bedroom and put a master math and a walk-in closet. I don't do that shit anymore.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

I'm just going to figure it out. And not every house qualifies for this. Some are just functionally obsolete and you do need to make changes. Yeah. You know, but, you know, for example, a lot of times before I used to knock down the wall between two bedrooms and a four bedroom house and make it a three bedroom and put a master math and a walk-in closet. I don't do that shit anymore.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

I don't, I just, I go, no, I'm going to get in and I'm going to get out and not for nothing, but people count your money. So when I get in and I get out and typically I'm on the market within seven days of buying it. Wow. So I'm on the market within seven days in New Jersey.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

I don't, I just, I go, no, I'm going to get in and I'm going to get out and not for nothing, but people count your money. So when I get in and I get out and typically I'm on the market within seven days of buying it. Wow. So I'm on the market within seven days in New Jersey.