24: House Flipping and Deal Analysis with Michael LaCava

<p>On today’s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor&nbsp;Michael LaCava&nbsp;about flipping houses in today’s rapidly changing real estate market. Mike has been flipping houses since 2006, so he’s seen both the crash and the emergence of the market, and has a ton of great insight into building a scalable flipping business, analyzing deals quickly and efficiently, and (as a new feature on the Podcast) Mike dives into a “Fire Round” where he answers some of the most interesting questions asked by BiggerPockets members in the&nbsp;<a href="https://www.biggerpockets.com/forums" target="_blank">Forums</a>.</p><p><a href="https://www.biggerpockets.com/bpp24-mike-lacava-podcast-transcript-flipping-deal-analysis" target="_blank">Read the transcript to episode 24 with Michael LaCava here</a></p><p>In This Show, We Cover</p><ul><li>Finding and&nbsp;Working with Partners&nbsp;in your Investing</li><li>Losing money&nbsp;on the first deal</li><li>Mike’s view on the&nbsp;Hedge Fund problem</li><li>Exit strategies&nbsp;… “What happens IF…”</li><li>The&nbsp;$2.5 million dollar deal&nbsp;that fell apart</li><li>When to use the 70% Rule and when&nbsp;NOT to use it</li><li>Finding&nbsp;accurate comparable sales&nbsp;(Comps)</li><li>The best way to&nbsp;estimate repairs</li><li>Hiring your very own&nbsp;acquisition manager</li><li>Tips for wholesalers</li><li>The power of&nbsp;blogging for your business</li><li>The flipping&nbsp;“Fire-Round”</li><li>Flipping a “Murder House?”</li><li>Finding deals in a&nbsp;competitive market</li></ul><p>Links from the Show</p><ul><li><a href="https://www.biggerpockets.com/forums/88-real-estate-deal-analysis-and-advice" target="_blank">BiggerPockets Deal Analysis Forum</a></li></ul><p>Books Mentioned in the Show</p><ul><li><a href="http://amzn.to/2a6JP0y" target="_blank">Think and Grow Rich</a>&nbsp;by Napoleon Hill</li></ul><p>Tweetable Topics:</p><ul><li>“When flipping a house, you make your money on the front end. It’s understand