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BiggerPockets Real Estate · July 15, 2026 · 38m

If House Flipping is "Dead," How Is She Flipping 10+ Houses THIS Year?

Henry and Dominique Gunderson challenge the myth that house flipping is dead, arguing that while the easy arbitrage is gone, sophisticated flippers are still finding 10+ deals annually in 2026. They break down their adjusted process for property analysis, rehab cost estimation, risk-reward ratio frameworks, and strategies to protect margins from closing costs and overestimation—the core blueprint for flipping profitably in a tighter market.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Curious

Risk-Reward Ratio Framework
Henry uses a formal risk-reward ratio for every deal he buys, weighing downside exposure against upside gain before committing capital.
Creative Risk Mitigation Strategies
The episode covers tactical approaches—likely including wholesaling options, joint ventures, or phased construction—that reduce capital exposure and timeline risk on flips.

Highlights

Easy Money in Flipping Is Gone, But Opportunity Remains
House flipping hasn't died—the effortless arbitrage profits of 2020-2022 have. Market tightening exposed amateur flippers but created sustainable opportunities for disciplined operators.
Closing Costs as Profit Margin Killers
Flippers often underestimate how closing costs—title insurance, lender fees, transfer taxes—erode back-end profit margins and must be factored into the initial deal math.

Editorial

Property Analysis: The Number One Mistake Flippers Make
The episode identifies one primary analytical error that burns flippers, though specifics aren't detailed in the show notes.
Henry and Dominique have narrowed their project pipeline to avoid certain deal structures that no longer work in the tighter 2026 market.

Misc

Dominique is actively flipping 10+ houses in 2026 despite market headwinds—concrete counter to flipping is dead narrative
Key insight: market downturn exposed weak flippers but created opportunities for disciplined operators
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