Most flippers think managing contractors themselves saves money. Bobby Triplett has overseen 45,000 renovations and says it's usually the opposite.
Bobby is the SVP of Renovation at Offerpad, a publicly traded iBuyer. For the past four years, the same team that renovates Offerpad's inventory has been available to outside investors. Last year alone they completed over 1,900 flips for private operators.
In this episode, he gets into where most flippers are quietly losing margin and what the operators scaling fastest are doing differently.

• Why most investors lose money on a flip before the first contractor ever shows up
• How to know your "win" before acquisition so reno, dispo, and acquisition are actually working toward the same number
• How volume investors get contractors to lower pricing (and why you can't get there by beating them up on cost)
• How operators are flipping in markets they've never visited using Offerpad's boots-on-the-ground team
• What full-service renovation actually costs vs. managing trades yourself
• Who this model works for and what getting started looks like

00:00 - Introduction and Bobby's background at Offerpad
03:30 - 10 years of iBuying: what's changed
07:00 - Where most flippers are losing margin
11:00 - Knowing your "win" before you buy
14:30 - Building contractor relationships that actually work at scale
18:00 - How Offerpad Renovate works for outside investors
21:30 - Pricing, market expansion, and scalability
24:30 - How to connect with Bobby and get started

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