Post Your Real Estate Losses and Watch Deals Show Up with Justine

The Real Estate Investing Club

Join an active community of RE investors here: https://linktr.ee/gabepetersen  0:00 Six-Figure Phoenix Renovation and the BRRRR Strategy 1:54 My First Flip and the $80K Check That Changed Everything 3:12 Quick Questions: Education and Real Estate Resources 4:06 Advice for Your Younger Self: Ignore Other People's Self-Doubt 5:00 Best Metro to Invest In: Why Your Own Backyard Wins 6:10 Finding Real Estate Deals and Leads Through Social Media 8:28 Lessons Learned: Real Estate Partnerships Need Everything in Writing 11:02 How to Connect With Justine  🏡 REAL ESTATE INVESTING LESSONS FROM A PHOENIX FLIPPING AGENT  In this episode of The Real Estate Investing Club Podcast, I sit down with Justine Ramos, known online as That Flipping Agent, to talk about what it really takes to build wealth through real estate. Justine got started in 2019, wholesaled deals all over the Phoenix market, and is now in the middle of her first big renovation. If you want practical real estate investing advice from someone actively doing deals, this conversation is for you. 💰  🔨 THE PHOENIX BRRRR STRATEGY AND A SIX-FIGURE REHAB  Justine breaks down her first major rehab in Phoenix, a hundred thousand dollar renovation she is running with the BRRRR strategy: buy, rehab, rent, refinance, and repeat. She shares how it feels to finally be on the buyer side of the transaction after years of wholesaling, why it has been one of the hardest things she has done, and the lessons she has learned in just twelve weeks. She also explains how her small Midwest rental properties fit into her overall investing plan. 📈  💵 HOW MY FIRST FLIP OPENED MY EYES TO REAL ESTATE  I share my own story about a flip I did back in 2014 with a buddy. We had no idea what we were doing, but we walked away with an eighty-something-thousand-dollar check, and it showed me that real estate investing works. We also talk about why house flipping is its own skill set and a full-time business when done right. 🔑  ⚡ QUICK QUESTION ROUND FOR REAL ESTATE INVESTORS  We move into rapid-fire questions on the best education for new investors, including why Justine loves the BiggerPockets community. Justine also shares the one piece of advice she would give her younger self: do not listen to other people's self-doubt. We talk about why friends and family often project their fears onto your goals, and why you should only take advice from people who have achieved what you want to achieve. 🧠 #RealEstateInvesting #BRRRR #HouseFlipping #RealEstateWholesaling #PhoenixRealEstate  Want to learn more about our guest? Connect here: https://www.instagram.com/thatflippingagent?igsh=ang5MWM5YmpvZHAx&utm_source=qr  Want to learn more about the REI Club Podcast, how to invest with Gabe at Kaizen, or join our community of active real estate investors on Skool? Visit the podcast website at https://www.therealestateinvestingclub.com or click here: https://linktr.ee/gabepetersen

Transcript

00:04all right we are back sorry guys uh as you know well as i've said many times i have two

00:09little

00:10little kids in the house and my wife is not feeling well right now so they are

00:14it's dad dad duty and so i had to step out for just a second for all you parents out

00:19there i'm

00:19sure you understand but we are back we're talking about it um so justine we just finished the

00:24conversation about wholesaling that's not all you do you guys still buy rentals as i understand

00:29i'm well yeah i'm in the middle of a six-figure renovation right now and this is like my first

00:34big big reno um and it that one will be the we're doing the burr strategy so that one will

00:40be a

00:41refinance hold rent and i think that will be done with that one in about two weeks and then hopefully

00:49build roll that into the next one here very soon nice yeah so you guys is that um is that

00:55there in

00:55phoenix in the phoenix market yes yes so this is my first big rehab in phoenix um i guess i've

01:01had

01:01i've had i've done i've wholesale multiple i've worked with many investors and helped with from

01:06start to finish this is the first one where it's my own so it's been really great like honestly like

01:11it's been really challenging don't get me wrong it's been really freaking hard and there's definitely

01:15stuff that's gone wrong but like i have learned so much in the last 12 weeks with this hundred

01:20thousand dollar rehab like you know being on this side of the transaction like it's experience i

01:26couldn't get anywhere else what is this the first renovation you've done um independently like

01:32yourself yeah yeah yeah so this is my first like big one this is one where i'm buying you know

01:38where

01:38i bought it because other than that it's just my rentals that are in the midwest little cheap

01:42rentals and then flipping clients that i've managed and met through wholesaling because all my

01:47wholesaling was here in phoenix so i was really i was only like i wasn't one of those national

01:51wholesalers everything's very local and boots on site but yeah this is my first big one yeah that uh

01:59i mean i did a lot a number of flips back in the day and flipping is um is definitely

02:05its own skill set

02:07um there's a lot that goes into it and uh it is it's a full-time business um if you

02:12do it right

02:12though it can work out really well in fact that is the reason that's kind of what opened my

02:17eyes to real estate as a viable option because i did a flip with a buddy back in like 2014

02:23we didn't

02:23know what we were doing we were just like flying by the seat of our pants but at the end

02:28we we made

02:29like 80 something thousand dollars and it was the most i'd ever seen in a check you know that was

02:34supposed to go to me and so i was just blown away at what what happened and that we were

02:40even able to

02:40make that much money um and it kind of made me realize that real estate does work of course since

02:46then i've gone up and down and left and right um you know it takes a long time for you

02:49to really

02:50get your fitted footing in terms of what you want to accomplish in real estate but seeing that having

02:56that first success um especially in on the flipping side where you know a couple months you see a big

03:00check that uh that has a huge impact um awesome well hey it does look like we have run the

03:08clock

03:08down i think it is time to push us into the quick question round are you ready yes i'm ready

03:15all right starts the education it could be any form could be a book you've read movie you've seen

03:20mentorship program you've been a part of anything like that i just need two recommendations

03:24one for general life wisdom and then one for real estate

03:29um for real estate the bigger pockets community not a book or anything but bigger pockets community

03:33was something i really got into and i really like and has helped and connected me with a lot of

03:39people um life i don't know i don't know if i have one that's fine well bigger pockets can be

03:48book

03:48or um business and life there's a lot of uh really good content on there yes moving us on to

03:54the next

03:54question this is for your younger self let's go back to the justine who was just getting started so

03:59many years ago i think you said 2019 go back to her look her in the eye give her one

04:04piece of

04:05advice moving forward do not listen to other people's self-doubt

04:16that is good that is really good advice because uh yeah you never know other people are going to

04:22project their fears on you and if you listen to them you're never going to get started um and so

04:27yeah it's it's more difficult especially when it comes from somebody who really is well-meaning like

04:32your parents your friends um they they see your actions they're going to put their own fears on

04:37your actions um and it's very tempting to to let that seep in because you do trust them as people

04:43but

04:43you know they're they don't have the experience they're not investors they really they're unless

04:49somebody has achieved what you want to achieve you should not be listening to their advice in that realm

04:54um and yeah so that is uh that's a difficult thing to get through right right because and then once

05:00you let that fear get in it stops you yep all right next next question is about the u.s

05:07it is a big

05:08place there is a lot of opportunity out there give me the single metro you're most excited about

05:13investing in today oh right now phoenix because that's just where i'm at so i'm excited about investing

05:21in phoenix yeah yeah back door yeah in your back door is like that is the the perennial advice is

05:29invest in your back door um i did not end up following that advice but uh it is great advice

05:34because that is where that's what you know the best and it is very easy to make mistakes in real

05:40estate if you don't know the area that you're investing in because you know like like they say

05:45location location location it's all that matters in real estate that is 100 true and if you you know

05:51your city that you live in you've lived there all your life and so you know the good locations to

05:55buy um versus somebody who's uh investing from the outside definitely all right goes to the next

06:03question this is about finding deals it all starts with getting in contact with the seller and pending

06:08that purchase agreement so what is your favorite way to generate leads and find new deals uh favorite

06:14way to generate leads social media i've been lately it's in 2026 been social media has been a huge huge

06:22huge tool not as much with i guess wholesale sellers but it's just connecting me with people and getting

06:28to get deals done and the right kind of people so that's been my absolute favorite

06:34surprisingly you're episode like 600 something i think you're the first person to say social media

06:40uh which is really surprising because social media is very you know it's it's prevalent everywhere and

06:47everybody uses it and it obviously works um but for whatever reason i i'm i mean maybe i'm forgetting

06:53something but i really do feel like you're the first person that has said social media um so yeah tell

06:58us

06:58tell us more about that what are you doing differently that other people are not doing um to where you're

07:04seeing

07:04success i'm just posting my life and just being myself on social media and it's like been an

07:11amazing thing like it has completely changed my life this year just posting on social media tiktok

07:16instagram youtube saying yes to podcast opportunities when i see them like it has completely transformed my

07:24life and i don't know i don't there's nothing there's no secret i mean i'm very consistent i post a

07:29lot

07:29if you look so it's like you know i'm putting in a lot of work um but i'm just sharing

07:36my life i'm just

07:37showing what i'm doing i'm showing like the very unsexy sides of real estate and investing and you know

07:44what goes wrong what can go right like i'm not just sharing my wins i'm actually sharing a lot of

07:49my

07:49losses on social media and i think that that's kind of what you know i'm that flipping agent like that's

07:55kind of

07:56just you'll have to look look me up but that's kind of just like my personality like i'm very like

08:00brash i don't know like i just i'm just myself and it's been really cool yeah well no and that's

08:06that

08:06is um i feel like a lot of success in social media does come down to who is behind the

08:12camera um and

08:13some people it it fits very well for who they are and and the way that they approach communications

08:18and all that other people it's better you know they they see more success with other forms of uh of

08:24marketing um but if you have it you know if you have whatever that it factor is where uh you

08:30you

08:30use social media effectively then it is definitely a good uh a good tool to use to get leads um

08:37i'm

08:38gonna move us on to the next question this is about lessons learned not every deal we get into goes

08:43the

08:43way we expect it in fact pretty much every time something goes wrong and that's when we get to learn

08:48a lesson so what was a deal that went a little bit sideways for you and then what was the

08:52lesson you

08:52pulled from it yeah um all right so my my current renovation right now did not make the best have

09:03had challenges with my business partnerships um that have gotten in the way of the deal it's caused

09:09delays it's caused obviously lots of other issues outside of the deal itself but it has hurt the deal

09:14because of the conflict in the business partnerships that i had and going back in it i mean these are

09:22people

09:22i knew for years and really trusted and so there was a lot of things that maybe we should have

09:26gotten in writing like going back on it and like dang i really should have like i mean in in

09:30this

09:30instance i've had to hire a lawyer now to go back and reread my dot my contracts with these people

09:34you

09:35know what i mean and so going forward i definitely want to keep using partnerships for opportunities but

09:42i'm going to be doing my partnerships a lot differently in the future making sure i have

09:49everyone's expectations are crystal clear in black and white writing what's what happens when stuff

09:55goes right what happens when stuff goes wrong what happens if there's a disagreement all of that like i am

10:00going to dot my i's cross my t's um and really have some important conversations going forward

10:07yeah and uh that that topic has been broached many times on this show um and partnerships i'm a huge

10:17fan because i love doing real estate with people um but they it is also one of the areas that

10:22can go

10:22most wrong um just like you said if you guys do not communicate um well and you don't have everything

10:29written down then it it just invites too much um misunderstanding miscommunication uh and that's where

10:37things go wrong that's where heads started start to butt um and so you really do you need to get

10:42things written down you need to have that honest conversation at the beginning so each person

10:46understands what they're bringing to the table what the expectations are um so that that's how

10:51you set up a good partnership great partnerships are amazing but they can also go bad and so you need

10:57to go into it with your eyes wide open exactly exactly and that leads us to the last question this

11:04is for the listeners you've given us a lot to think about i'm sure people want to reach out get

11:08in

11:08contact with you is a two-parter where can they find you and then what can they expect when they

11:12reach out hi so i'm just dean ramos that flipping agent and you can find me on that flipping agent

11:17almost anywhere and reach out to me um you reach out to me i would love to chat so anything

11:24real

11:24estate anything investing my dms are always open perfect i'll put those links in the show notes so

11:32if y'all want to reach out all you got to do is click a little more in the description

11:35it'll pull

11:35down that full description and in there you can find justine's links thank you all right that

11:41wraps it up thank you very much for hopping on the show

11:47and for everybody who's with us today thank you guys for showing up you are the reason we do this

11:52so if you guys have any questions reach out to me gabe with real estate investing club.com

11:56if you guys want to support the show just leave us a comment review other than that i hope you

12:00guys

12:00have a great day keep rocking real estate and i look forward to seeing you on the next episode

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