FAST TURN HOUSES OR "FLIPPING"

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Beautiful room for work in a modern apartment
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The strategy of fast turning or “Flipping” houses has been around for a very long time.  However, with the advent of “un”reality shows and the proliferation of information on the topic on the internet there is much misinformation.  This chapter will address how to be successful in this arena (and it will be unlike what you watch on television)

 
Always remember that television is generally for entertainment; so the fast turning or flipping houses shows are not intended to educate the viewer or give the most accurate “reality” of what you would experience fast turning a house; there is much involved. Sadly, if they did educate the viewer, their show would more than likely tank for lack of viewership.  If you are reading this chapter I am guessing you are one that is seriously interested in learning and I will share the real world of how to be profitable fast turning houses.

My experience (including mistakes) will be your benefit in this chapter.  I bought my first investment property at the age of 21 with zero of my own money and then went on to buy many millions of dollars of investment real estate.  As the real estate agent, money lender, rehabber and property manager, in one form or another (or combination), resulted in my being involved in tens of millions of dollars of real estate transactions. 

Only real life information shared so if you want drama watch your television.

What you will learn:

  1. Five steps of every real estate transaction
  2. 100 ways to find great deals in slow and hot markets
  3. How to use someone else’s money to buy and repair
  4. If you choose to use your money, how to make 100% and more on your capital with just one deal
  5. Why “flipping” is actually the least profitable part of real estate investment
  6. Why foreclosures will always be around and how to play in that arena
  7. How to make your profits tax-free for life
  8. The only two reasons people sell houses and how t use that information to your advantage
  9. How to sell your properties before they are even finished

And more…

*This chapter goes well with all other real estate chapters as well as the Self-Directed IRA’s, Marketing and Private Lending chapters.