Hola mi gente! This week I'm switching things up. My husband Ray is joining me in an actual whole ass podcast studio to talk about the real estate business we've started building: house flipping. We closed on our first fixer-upper here in Florida, in cash, and we're pulling back the curtain on why we did it, what the real numbers look like, and how we keep being business partners from turning into a threat to our marriage.

WE GET INTO:

00:00 Welcome to the studio: meet Ray

02:03 Ray's construction background (his dad and grandfather taught him everything)

09:41 Why they sold the Puerto Rico condo to fund this

12:50 Finding the house: the comps, the negotiation, closing at $140K

19:21 Inspection day: the good, the bad, and the roaches

24:17 The full renovation scope, room by room

34:04 The real numbers: budget, target sale price, profit margin

38:59 How they split roles: the LLC, the credit card, the labor

45:10 Keeping the flip from taking over the marriage

47:44 Rapid fire: who's most likely to...

51:27 Plan B if it doesn't sell

54:42 Final thoughts: budgeting for the unexpected

KEY TAKEAWAYS:

→ You don't need a mortgage to get started, but you do need liquidity and a plan for where that cash comes from

→ Comps are everything. Know what renovated properties are actually selling for before you fall in love with a "deal"

→ Budget for the worst case on every line item (roof, HVAC, electrical) so a surprise doesn't wreck your numbers

→ Permits exist because someone got hurt before you. Don't DIY the things that legally require one

→ When you're in business with your spouse, define your lanes clearly, money person and labor person, and stay in yours

→ Always have a Plan B (long-term rental, Airbnb) if the flip doesn't sell fast

→ The real ROI in this episode isn't the house, it's the years of money mindset work that made a six-figure cash purchase feel possible instead of terrifying

TAKE THE NEXT STEP WITH YO QUIERO DINERO:

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💸 Download the FREE Dinero Guide: https://courses.yoquierodineropodcast.com/

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This episode was recorded at Tampa Studio Collective (https://www.instagram.com/tampastudiocollective) and produced by Heart Centered Podcasting.

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