Flipping Houses for Dummies

In this episode, I break down flipping houses for dummies. No one is a dummy but if there was, they'd understand flipping houses because it is explained at a 5th grader level. Imagine a guy called 'A' who wants to buy a house at 70-75% of its after repair value (ARV) minus the cot of repair so he can repair the house, list it on the market and sell at 100% value for 25% profit. That's one side to flipping houses. Now imagine another person and let's call him 'B'. He owns a property that he needs to get rid of; a motivated seller. He doesn't need to sell it because then, he would have time to sell at top dollars. The property has become a liability for person 'B'…

How to Start Flipping Houses

Flipping Houses

Want to learn how to start flipping houses? This edition will enlighten you on not just how to start, but also on what it takes to rise in to the top 3% success stories in the game of flipping houses. There are 2 types of business model in flipping houses. 1. Real Estate Wholesaling 2. Real Estate Fix and Flips They go hand in hand together to create the ecosystem of the real estate investing business. For this lesson, I want to focus on the real estate wholesaling model because it is typically how most people started in the business. As a real estate wholesaler, your job is to find and identify deals for the investors who do the fix and flips. NO CASH and NO CREDIT in flipping houses…

Flipping a House – What to look for when Flipping a House

Flipping Houses

Here is what to look for when flipping a house; look for motivated sellers. Flipping a house basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair. By doing so, you will acquire a right to purchase the property at the maximum allowable offer of 65% MINUS repair cost estimate. The right is called equitable interest. You can then sell the right at 75% of its after repair value minus estimated cost of repair. The 10% spread between the 65% and 75% of the after repair value is what you should look for in fees for securing these types of deals for real estate investors. For a $100,000 home, expect $10,000 For a $200,000 home, expect $20,000 For a $300,000 home,…

What is House Flipping?

Flipping Houses

So what is house flipping? In this live cold calling session, I took my time in explaining what house flipping and how it can be ver lucrative for you. I also received an email question with regards to combining house flipping and affiliate marketing. House 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…

Flipping Houses with FUN Phone Calls – myEmpirePRO LIVE PROSPECTING S1E5

Flipping Houses

In addition to flipping houses, we talk about exit strategies in this edition. I shared my top 4 and the other 3 that I have to do sometimes. All 7 of these exist strategies for my house flipping business results in money in some form. I also use 2 live examples to explain the important of a mentors guide in this business in spite of the simplicity. The operation of an emergency room is a great analogy to how we triage leads and give them dispositions throughout the pre-qualification process. Flipping houses 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…

Do you Need Cash to Start FLIPPING HOUSES?

Flipping Houses

I saw a comment on one of Dave Ramsey Show where a guy quoted him to be advising folks to make sure they have $100,000 in disposable cash in order to get into flipping houses and to be ready to lose all of it. This is not true. It's another half truth half lie. A lot of regular people who have become very successful in the flipping houses were attracted at a very low financial stand point. In fact, lots of people make a lot of money, go broke and build another business successfully from flipping houses. In this context, cash is not king. Your ability to bring problem solving value to the market is king. Flipping houses is fundamentally about buying low and selling high. But due to the…

Flipping A House – How to Overcome the ‘F’ factor.

Flipping Houses

Fear is one of a few major devourers when you are trying to flipping a house. Watch this edition to see what I mean. Depending on what type of business you are engaging in, there should be some type of fast start bonuses and prizes for creating momentum in sales. You should engage 1000% in whatever that is. If there is none, create a challenging goal for yourself. These are the kind of things that separates the top 3% producers and achievers of this world from the bottom. You want to get your hands on every prizes and you want attempt presence on every leader board that comes with every and any promotion. QUESTION from a Viewer - "Hi OLA. I have been marketing for about 5 weeks. I've gotten…

Flipping a House – The “ART” of Simplicity

Flipping Houses

When it comes to flipping a house, it can get complicated very quickly. This edition is about the art of keeping things simple. What do I mean? I won't promote making things complicated of course. However success is NOT duplicatable like I said earlier. If it was... Everyone will be rich. You want to keep things as simple as possible. For example, leveraging or creating content, a guide and a system for your prospects now and in the future is simpler than trying to repeat yourself over and over again every time a related question is asked. Questions from the Viewer "Hey coach. I started sending 100 pieces of direct mail every week about 6 months ago. I've had a few calls that never resulted in an appointment much less…

House Flipping Struggles of an Over-Educated Wholesaler

Flipping Houses

In this post, you will discover another top 3% house flipping secret. It's so simple; pun intended. People with degree more than a thermometer tend to be un-coachable. I used to be one of them. I have a Bachelor of Science in Computer Engineering and Masters of Science in Engineering Management. I don't really regret things in the past... but I really wish I did not waste those 6 years on these pieces of card boards. However, the least that you want from individuals you want on your team are people with hunger for more education and determination for inevitable success. At the end of the day, it is not about education or talent. It is about work ethics if you want to win in house flipping. People that can…

Category: Flipping Houses

Flipping Houses for Dummies

How to Start Flipping Houses

Flipping a House – What to look for when Flipping a House

What is House Flipping?

Flipping Houses with FUN Phone Calls – myEmpirePRO LIVE PROSPECTING S1E5

Do you Need Cash to Start FLIPPING HOUSES?

Flipping A House – How to Overcome the ‘F’ factor.

Flipping a House – The “ART” of Simplicity

House Flipping Struggles of an Over-Educated Wholesaler

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