September 20, 2018 · 05:40 PM
Here Are The Kid Entrepreneurs Who Started A Successful House Flipping Business
June 12, 2018 · BOTWC Staff
Photo via: Junior Flips
When these six kids from Washington, D.C. met Oprah Winfrey by chance during their vacation to Los, Angeles in 2017, they asked her for one thing: business advice. For them, video games and watching television grew old, so after getting advice from one of the most influential entrepreneurs, the kids launched their very own house flipping business called Junior Flips (Jr. Flips).
"She told us to give back, work hard, and never give up," said 8-year-old CEO Alianna on the Steve Harvey show. "If Oprah tells us something, I would do it because… she’s global!"
The young entrepreneurs, ages 7 to 14, took out a small loan to start "taking distressed properties and transform them into beautifully renovated single family homes in Washington, D.C. and Maryland," according to their company's website. Within six months they paid back their business loan, and in the first year, flipped two homes and made more than a $250,000 in profit.
Alianna said: "We are not like others kids because we are not watching TV or playing video games. We are busy doing our business."
In doing business, the team's process to flip houses includes identifying properties, budgeting, strategizing, landscaping, hiring contractors, and doing all the interior design.
"We're trying to inspire other kids to go out and try dreams that they were scared to do," said 9-year-old Dominic, the company's Co-CEO.
We'd say they're off to a great a start. Keep up the great work, Jr. Flips!
September 19, 2018 · 08:22 PM
September 19, 2018 · 04:07 PM