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45 Real Estate Deals at Age 19 by Embracing Failure Fast

Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you.

Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right?

But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did.
Join BiggerPockets for FREE:
Podcasts Mentioned in Today’s Episode:
Dominique’s InvestHER Interview: https://www.therealestateinvesther.com/blog/starting-REI-out-of-high-school-dominique-gunderson?utm_source=youtube&utm_medium=description&utm_campaign=none
Jocko Willink: https://www.biggerpockets.com/blog/biggerpockets-podcast-365-jocko-willink?utm_source=youtube&utm_medium=description&utm_campaign=none
Books Mentioned in Today’s Episode:
BRRRR: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=youtube&utm_medium=description&utm_campaign=none
Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=youtube&utm_medium=description&utm_campaign=none
Raising Private Capital: https://store.biggerpockets.com/products/raising-private-capital?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Dominique on BiggerPockets:
Follow Dominique on Instagram:
@dom_flips_nola or https://www.instagram.com/dom_flips_nola/
Connect with Other Investors on The BiggerPockets Forums:
Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
Youtube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
Follow David on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/

Episode 587

Show notes at: https://www.biggerpockets.com/blog/real-estate-587?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
02:39 Quick Tip
03:56 Entering Real Estate
10:56 Finding Buyers Before Deals
13:44 Using Age to Her Advantage
17:47 Finding Hidden Off-Market Properties
23:33 Finding Your Out-of-State Team
30:45 Breaking Through Obstacles
40:30 The Most Important Part of Flipping
45:04 Flipping Better Than The Rest
51:44 Deal Deep Dive
57:55 Fire Round
01:04:00 Famous Four

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