Control and Compound with Darren Mitchell4 Tammi 2024

Flipping Condos 101 | The Best Types of Condos to Flip | Condo Flipping Vs. House Flipping

On today's episode, Darren is joined by the Condo King, Simon Yan. The two chat about how Simon got involved in real estate, what led him to flipping condos, how he has found success in that area, and why he's now become a mentor to share his wisdom to aspiring real estate investors/condo flippers. Tune in now!

Show notes:

00:00 - Introduction

00:25 - How did Simon first get involved with real estate?

3:20 - What does a typical condo flip look like?

4:20 - Finding the best condos to flip

6:20 - Process of buying a renovating a condo

12:45 - What type of technology/tools is Simon using to determine a condo's worth?

15:00 - Are there any unique challenges with condo flipping compared to traditional house flipping?

17:10 - Why did Simon start a mentoring program to share his wisdom?

21:05 - Are there special permits Simon needs to get for condo flipping?

22:40 - Is there a fear that the condo market will drop?

28:15 - Does Simon have a particular type of condo he likes working on?

29:50 - Example of one of Simon's condo flips

32:05 - Simon's advice for new condo flippers

Learn from Simon NOW: https://www.condoflipping.info/joinme2?fbclid=IwAR1AkTptCPFQ5B2J_TMlSpwypljIbEwGNZYXPyzN2J-d089JNjElp9k1HZ8

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