So finally… what is real estate flipping. May be you’ve come across this phrase somewhere and they have been talking about making thousands of dollars, but you can’t make sense out of it… WATCH THIS VIDEO.
In addition, you are hanging out with me as I am going live and doing live prospecting as the gateway to real estate flipping for massive profits.
Real Estate flipping basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It’s your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to real estate flipping is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
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