{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"275 - From First Flip Fumbles to Real Estate Mastery with Lisa Coleman","description":" Lessons Learned from a Challenging Real Estate Flip with Lisa Coleman   Welcome to another episode of the Real Estate Investor Growth Network (REIGN) Podcast, hosted by Jen Josey\u2014your go-to resource for real estate investing strategies, house flipping tips, and expert interviews. In this episode, Jen interviews experienced real estate investor Lisa Coleman, who shares her journey through a demanding fix-and-flip project during the early days of COVID-19.   Lisa reveals the biggest challenges she faced, including working with hard money lenders, hiring and managing subcontractors, and handling renovation surprises. You\u2019ll learn about budgeting, vendor management, and the importance of having the right systems and partnerships in place for successful real estate projects. Whether you\u2019re a beginner or a seasoned investor, this episode is packed with actionable advice, real-world lessons, and inspiration to help you succeed in real estate investing.   Key topics and timestamps: 00:00 \u2013 Introduction to REIGN Podcast and today\u2019s topic 01:05 \u2013 Understanding hard money lenders (keywords: hard money lending, real estate financing) 03:30 \u2013 Guest introduction: Lisa Coleman 04:48 \u2013 Lisa\u2019s journey into real estate (keywords: real estate career, house flipping) 12:53 \u2013 First real estate project: challenges and lessons (keywords: fix and flip, renovation tips) 28:09 \u2013 Hiring the right subcontractors (keywords: contractor management, renovation team) 28:22 \u2013 Project timeline and unexpected delays (keywords: project management, real estate timeline) 29:11 \u2013 Surprises during renovation (keywords: renovation challenges, problem solving) 29:52 \u2013 Lessons learned from renovation (keywords: real estate lessons, investor tips) 31:53 \u2013 Financial outcomes and challenges (keywords: real estate profits, investment risks) 32:22 \u2013 Handling issues post-contract (keywords: contract management, post-sale issues) 34:12 \u2013 Importance of budgeting and contingency (keywords: real estate budgeting, contingency planning) 34:47 \u2013 Bookkeeping and vendor management (keywords: bookkeeping, vendor relations) 35:30 \u2013 Advice for new investors (keywords: beginner investor tips, real estate advice) 36:58 \u2013 Personal goals and aspirations 40:51 \u2013 The Badass Acronym 49:04 \u2013 Conclusion and final thoughts Tune in to discover proven strategies, avoid common mistakes, and take your real estate investing to the next level!   Lisa Coleman is a seasoned real estate professional with over 30 years of experience in the vibrant Triangle area of North Carolina. A native of the Tar Heel State\u2014accent and all\u2014Lisa brings both Southern charm and deep industry expertise to everything she does. After earning her degree in Finance from Woodbury University in Los Angeles, Lisa returned to her roots and built a thriving career as a real estate agent and investor. Her investment portfolio includes long-term rentals, short-term vacation properties, and fix-and-flip projects. Most recently, she\u2019s been making waves in an emerging niche: purchasing model homes from new home builders with leaseback options\u2014blending smart investing with creative strategy. Beyond the business, Lisa is a proud mom of two\u2014one in college and one nearing graduation\u2014and a devoted pet parent to three beloved fur babies. When she\u2019s not working deals or juggling family life, you\u2019ll find her soaking up the sun somewhere along the coast, from North Carolina\u2019s shores down to the beaches of Florida\u2014her happy place. Lisa joins the podcast to share her journey, insights on building generational wealth through real estate, and tips for navigating an ever-changing market with confidence and heart.   To learn more about Jen Josey, visit https:\/\/www.therealjenjosey.com\/ To join REIGN, visit https:\/\/www.reignmastermind.com\/ Stuff Jen Josey Loves: https:\/\/www.reignmastermind.com\/resources Buy Jen Josey\u2019s Book: From Beginner to Badass: https:\/\/a.co\/d\/bstKlby Interested in growing your rental portfolio with Jen as your coach? Check out Rental Property Pro: https:\/\/rentalproppro.com\/booking?am_id=reign ","author_name":"Real Estate Investor Growth Network Podcast","author_url":"http:\/\/www.reignmastermind.com","html":"