News From the World Wide Web

How two sisters closed $40 million in 2024 “vibe flipping” LA homes by Emile L’Eplattenier, Gina Baker for HousingWire

HousingWireHousingWire

Can you put a price tag on good vibes? In the rarified world of Los Angeles real estate, the answer is a resounding yes. It’s how Claire and Sam O’Connor, two sisters who founded the O’Connor Estates team in Pacific Palisades, built their mini real estate empire. They find aesthetically challenged homes in coveted LA neighborhoods, crunch the numbers, hire interior designers to renovate them so they look good on Instagram and then list and sell them for a tidy profit.

Sounds too good to be true, right? It’s not. Claire and Sam O’Connor are living your HGTV-inspired rockstar Realtor dream life. They closed nearly $40 million in volume in 2024, “vibe flipping” luxury homes.

Can their strategy work in less expensive cities? To find out, we sat down with Claire and Sam O’Connor. They walked us through their exact strategy for building a team, finding homes to renovate and sell and which renovations get the best ROI at the closing table.

Claire and Sam O’Connor: By the numbers

  • Market: Los Angeles, California
  • Niche: Renovating luxury “character” homes to sell
  • 2024 team sales volume + sides: $39,211,000 + 11 sides
  • RealTrends Verified ranking: Claire O’Connor: 4,978
  • Primary lead generation strategy: Open houses, social media
  • Number of Instagram followers: 30,000
  • Real estate coach: Watson Powers
  • Highest ROI real estate software: Follow Up Boss, Landglide

Make your mistakes with buyers first

Most would-be luxury house flippers want to jump in the deep end. They get their license and immediately start looking for hard money lenders and homes that are flip-worthy. This is an excellent strategy if you enjoy losing money and crying yourself to sleep every night.

To succeed in renovating luxury homes, you need to understand what buyers want. The most efficient way to do that is to work with buyers, and lots of them. This will give you an intuitive sense of what they respond to. Every good buyer’s agent knows “the look” buyers get when they walk into a newly-renovated kitchen they don’t just like, but love:

Claire OConnor headshot

Our partnerships with designers work so well because we can give our real estate advice based on our market knowledge and the feedback we’ve gotten from buyers over the years, and they can make it beautiful.

Making a mistake with a buyer might still sting, but unlike flipping homes when you don’t know what you’re doing, it won’t force you into bankruptcy.

FromAround TheWWW

A curated News Feed from Around the Web dedicated to Real Estate and New Hampshire. This is an automated feed, and the opinions expressed in this feed do not necessarily reflect those of stevebargdill.com.

stevebargdill.com does not offer financial or legal guidance. Opinions expressed by individual authors do not necessarily reflect those of stevebargdill.com. All content, including opinions and services, is informational only, does not guarantee results, and does not constitute an agreement for services. Always seek the guidance of a licensed and reputable financial professional who understands your unique situation before making any financial or legal decisons. Your finacial and legal well-being is important, and professional advince can provide the support and epertise needed to make informed and responsible choices. Any financial decisons or actions taken based on the content of this post are at the sole discretion and risk of the reader.

Leave a Reply