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Where To GET MONEY For Flipping Houses?

Where To GET MONEY For Flipping Houses?

Flipping Houses, From Data to Deals
You just stumbled into the idea of flipping houses. Maybe because of the pandemic, you're looking for other ways to make money and bring in income to your family. House flipping is definitely a good strategy to bring in income into your family. Now there are 2 different types of house flipping. Individuals searching for wholesale deals to assign to investors that will actually do the work.Investors that will actually acquire property, meaning they will actually buy the property, fix up the property and then list it back on the market with a licensed agent for profit. So either one of those two are valid ways of making money or valid methods of real estate investing. There are, probably about another, seven types of real estate investing that you will…
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3 Secrets to know About TAXES PAID When Flipping Houses

3 Secrets to know About TAXES PAID When Flipping Houses

Flipping Houses, From Data to Deals
In this lesson, you will discover 3 tips you need to know about taxes paid when flipping houses. The first thing I want to tell you is that I am not an accountant or a CPA. So as soon as you start making money, ...make sure you talk to a certified CPA and take advantage of the tax laws in your state. Whatever part of the world you're in, there are certain laws that you can leverage and take advantage of if you know or get with a CPA that knows. With that being said, I want to share 3 tips with you. 1, Capital Gain Taxes PREVIOUS POST: How To GET STARTED In Real Estate Flipping When I make money in flipping houses, it's considered capital gain. “Capital gains…
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How To Get Started In Real Estate Flipping

How To Get Started In Real Estate Flipping

From Data to Deals, Real Estate Flipping
Would you like to learn how to get started in real estate flipping? Well, it starts with a strong desire because your faith will be tested. It's business and entrepreneurship like any other day so sometimes, things will seem like it's not going the right way or in the right direction. When that happens, are you gonna quit or are you very quick to say… “This doesn't work” or You will find your way to Google… When you discover new terminologies, do you say “… hey, there's something I just came across, let me google it”. If the latter is you, you will find out more information, learn more, continue to practice and then you become better and an expert. So you start with the desire. PREVIOUS POST: How Much…
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How Much Money Do You Need To Wholesale Real Estate?

How Much Money Do You Need To Wholesale Real Estate?

From Data to Deals, Wholesale Real Estate
This is kind of similar to saying, “How much money do you need to flip houses” Well, you need a job. You need to keep your job if you're trying to wholesale real estate... at least until your income is absolutely replaced. The mistake that I see a lot of people make is, they quit their job thinking that they're gonna get rich tomorrow. It is very highly likely you will never get rich. I'm just being honest with you. You know why? Because it depends on you. I don't know where you're coming from, I don't know your work ethics and I don't know what you bring to the table. Now, with that being said, when you have a coach it’s a little bit easier as you can imagine…
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Should I Wholesale Real Estate?

Should I Wholesale Real Estate?

From Data to Deals, Wholesale Real Estate
This is a frequently asked question and the answer is yes; here is why you too should learn how to wholesale real estate. If you're asking this question, you've encountered the idea or… The business model of wholesale real estate, which is basically… Finding deeply discounted properties,Locking the properties up under contract, and thenSelling the equitable rights in the contract …in exchange for a lucrative wholesale real estate fees; Why do you get paid? Because you help people who are too busy investing and fixing up properties find deals. You get paid very handsomely for simply setting up systems to finding such deals for real estate investors. The highest I've gotten paid for doing exactly what I just told you without involving my personal finances or credit is $82,000 from…
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How To GET RICH Flipping Houses

How To GET RICH Flipping Houses

Flipping Houses, From Data to Deals
The way you get rich flipping houses is to build a lead pipeline. This is something I covered extensively in the book. In this book, I covered quite a bit of stuff but the book surrounds the idea of the 3 Core Pillar. Value. Automation.People. Money doesn't come from properties, it comes from people. Yes, we're in the real estate business. But if you can't get a hold of the people that control the real estate property, you're wasting time. If you have a list of property addresses, that's not leads; that's just data. If you drive around town writing down property addresses, the only thing you're doing is called data collection, …which, yes, Chapter 3 of this book is all about data collection. But there are faster, easier and…
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How Much I Make Flipping Houses?

How Much I Make Flipping Houses?

Flipping Houses, From Data to Deals
I have my full blown story, starting from 2004 December, there is a video that I'm going to suggest that you watch. All you wanna do is simply google “Wholesaling 101 Ola”. Let me actually see if that works. I need to make sure that works before I send you to go do that. But it should work… Yes, that brings up… Actually, that brings up way too many videos. No, actually, it brings it up. There you go, so it brings it up. It should bring it up at position number 1 on Google results. It's called “Free Wholesaling 101 course”. If you wanna know my full story, I talked about… One of the videos in the modules is actually how I made $82,000 from one deal that happened…
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How Do I BEGIN FLIPPING HOUSES?

How Do I BEGIN FLIPPING HOUSES?

Flipping Houses, From Data to Deals
Question: “How do I begin flipping houses?” One of the most commonly asked questions is, “How do I get started?” “How do I begin?” “Where do I start from?” “How do I start from…?” That's why I created the 11DaysChallenge.com Why? Because there are tons of gurus selling $25,000, $5000, or $1,000 programs out there basically; talking head teaching you all the definitions there is to know about real estate. Even in the world of realtors, you experience the same thing, you go to the classes… You're just gonna learn real estate law, you're not gonna learn marketing. You can ask someone like Gary Keller. Gary Keller did a whole book on The Millionaire Real Estate Agents, you can find this very good book that will teach you the concept…
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Do You Need A LICENSE For REAL ESTATE WHOLESALING?

Do You Need A LICENSE For REAL ESTATE WHOLESALING?

From Data to Deals, Real Estate Wholesaling
Question: “Do you need a license for real estate wholesaling?” This question is timely because just last week, we found out that according to some other YouTube channel that Philadelphia is now requiring people to have some kind of license to wholesale. There are a couple of solutions around that. If you've been following me, "a state requiring a license to wholesale" would not have been an issue for you. First thing is that... ...if you need a license for real estate wholesaling, it depends on the state. PREVIOUS POST: What AGE Can You WHOLESALE REAL ESTATE? I know a few places where it's been regulated. So the first thing I want you to note is that if they're requiring a license, that means, “Hello, wholesaling is real estate investing…
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At What AGE Can You Wholesale Real Estate?

At What AGE Can You Wholesale Real Estate?

From Data to Deals, Wholesale Real Estate
So there's are lots of new kids on the block... entrepreneurship that is. My children are actually some of them. Even my sons are getting into that stage where they are just a lot smarter than I was when I was their age. And that's just where we are as a generation. So we have a lot of new teenage entrepreneurs. Back in the days, they sold lemonade in front of the house, ...but these days these kids are learning a lot more. They want to know at 14 and 15, "can I start wholesaling real estate?" The answer is "yes" but there's some restrictions I should point out. PREVIOUS POST: How Wholesaling Real Estate Works? There are some things, not restrictions per se, to be aware of. When it's…
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