Making Money 7 Different Ways on Each Property (Without Even Owning It!) - BiggerPockets Real Estate Podcast Recap

Podcast: BiggerPockets Real Estate Podcast

Published: 2026-03-25T11:00:00.000Z

Duration: 2333

Guests: Chauncey Pham

What Happened

Chauncey Pham has developed a revolutionary real estate investing model that allows her to make a six-figure income without investing any of her own money. Her approach, dubbed 'turnkey house flipping,' involves capturing profits at every step of the property flipping process without actually owning the properties. This strategy was born out of her observation that many different parties profit from a house flip, including agents, lenders, and contractors.

Pham's journey into real estate began when she replaced her W-2 income within three months of becoming a real estate agent. Inspired by the success of her investor clients, she and her husband decided to try house flipping, making a $60,000 profit on their first deal. This success prompted them to go all-in on real estate investing.

In 2019, Pham flipped 10 houses in her first year of investing, leveraging her sales and marketing background to create irresistible offers that attracted multiple buyers. She emphasizes the importance of buying properties with unique features and preserving their character rather than conforming to standard market aesthetics.

Pham's vertically integrated business model involves sourcing deals, lending, construction, staging, and listing, allowing her to earn at every stage of the process. Her clients provide the capital and earn significant returns, sometimes up to 35%, while Pham takes a cut from each aspect of the project without needing to own the property.

By understanding consumer perspectives and solving sellers' problems, Pham provides multiple solutions, such as buying, listing, or renovating properties. This approach has been particularly effective in the Dallas-Fort Worth market, where high taxes and insurance make cash flowing challenging.

Pham's turnkey model has been inspired by her success as a top recruiter at a national brokerage, where she managed 400 agents. After shutting down her brokerage, she leveraged her insights into the real estate transaction process to maximize profits across multiple stages.

Her current portfolio includes 17 rental properties in East Texas. Pham continues to expand her business by capturing profits from various real estate transaction stages, allowing her clients to invest in flipping with at least $150,000 without managing the flips themselves.

Key Insights

• Chauncey Pham created a 'turnkey house flipping' model that generates six-figure profits without owning properties. She achieves this by earning money at every stage of the flipping process, from sourcing deals to listing properties.
• In her first year of investing, Chauncey completed 10 house flips and made a $60,000 profit on her first deal. Her strategy focuses on buying unique properties and preserving their character to create irresistible offers.
• Pham's business is vertically integrated, allowing her to profit at each step of the process, such as lending, construction, and staging. This model allows clients to invest with $150,000 and earn returns of up to 35% without owning or managing the properties.
• Her real estate career began when she replaced her W-2 income within three months of becoming an agent. Chauncey's success is attributed to her deep understanding of consumer perspectives and her ability to solve sellers' problems with multiple solutions.