Episode: The Real Estate Flip Bet (and the Sh*t House Story)

Hosts: Kyle Fernandez, Brian Preston, David Ounanian

Episode Summary:

In this entertaining and insightful episode, Kyle and Brian kick off a friendly new competition: which one can sell their property for the highest percentage over list price. The winner gets bragging rights—and a new pair of Gucci shoes (or a nice stack of cash).

You'll also hear the wild backstory of “The Sht House”*—a property so neglected it nearly got condemned—and how Kyle and Brian transformed it into a showpiece.

Throughout the conversation, they share key insights about their latest big investment moves and the lessons they’ve learned scaling from single-family homes to large multifamily deals.

What We Cover:

• The structure of their friendly flip competition
• The incredible turnaround of the "Sh*t House" property
• Their recent $10.1M purchase of a 104-unit apartment complex
• Why they are shifting their portfolio away from single-family homes
• Using mailers and relationships to find off-market deals
• How a strong rehab adds real value to a property
• Market dynamics in St. Louis today

Key Quotes:

"The shttier the house, the better the deal."

"Of course, the day we closed on the 104-unit complex, tornadoes hit. Real estate will always teach you something."

Closing Thought:

This episode is full of practical investment wisdom, honest stories from the trenches, and a good dose of humor. Whether you're an experienced investor or new to the game, there’s something here for everyone.

Connect with Us:

Follow the show, leave a review, and stay tuned for future episodes where we share more real estate insights, life lessons, and a behind-the-scenes look at building wealth and elevating your life.