#1 Tip for Beginners Flipping Houses

author Real Estate Freedom TV   2 год. назад
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Flipping Houses Tips For Beginners

Generally, flipping houses as the professionals do it, follows this formula: Your ARV (after repair value) is 100 cents on the dollar. You need to buy at 40 to 60 cents on the dollar Fix to 70 cents on the dollar Sell at 100 cents on the dollar Cost to sell is 10 cents on the dollar Net profit 20 cents on the dollar After financing you may net anywhere from 10-15 cents on the dollar if everything is done right. So lets say you have a house that you can flip for $200,000 that’s 100% of ARV You buy for $100,000 Fix for $40,000 (kitchen, bath, flooring, paint) Sell at $200,000 Cost to sell is $20,000 (realtors, discounts, staging, utilities, taxes, closing costs, lawyers etc.) Profit $40,000 Then pay your financing $10,000 to $20,000 depending on your cost of borrowing (typically 8%-18% with hard money lenders) Your net profit should be $20,000 to $30,000 on that house. In % of ARV you can expect to make 8% to 15% net on a house if you are using financing of 8-12% per year and the property is bought and sold in a six month timeframe. If you use your own cash, all cash, or cheap bank financing at 3% you can certainly make more, but then you have to ask yourself, are you limiting the scale of your business by only using your cash? To apply this formula to your city, look up the median home price ( my city of Winnipeg is $320,000) and then take a 10% net from the price, so in Winnipeg, you can expect $32,000 per median home. To get started without using your own funds try this: http://stefanaarnio.com/book

Understanding the House Flipping Buy Formula

In this video, learn how to run the numbers using Jerry's house flipping buy formula. GET PAID $10,000 to find deals for Jerry http://www.onlinemeetingnow1.com/register/?id=x6bn1tq2hs Jerry Norton is the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. SUBSCRIBE: https://www.youtube.com/user/Jlnorton1234 FREE DEAL-FINDING SOFTWARE https://flippingmastery.com/datacruncher/yt/ FREE BEST-SELLING EBOOK: Making Money in Real Estate https://flippingmastery.com/ebook-10k/yt/ ALL-IN-ONE HOUSE FLIPPING SOFTWARE http://flippingmastery.com/flipster1/ Get Mentored by Jerry: http://www.FastTrackApplication.com FACEBOOK: http://www.Facebook.com/flippingmastery INSTAGRAM: http://www.instagram.com/realestatefreedomtv #RealEstateInvesting #FlippingHouses #RealEstateMentoring

How Do I Begin Flipping Houses?

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The Right Way to Pay Contractors When Flipping Houses

In this video, learn the right way to pay contractors so that you complete your fix and flip on time and on schedule. GET PAID $10,000 to find deals for Jerry http://www.onlinemeetingnow1.com/register/?id=x6bn1tq2hs Jerry Norton is the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. SUBSCRIBE: https://www.youtube.com/user/Jlnorton1234 FREE DEAL-FINDING SOFTWARE https://flippingmastery.com/datacruncher/yt/ FREE BEST-SELLING EBOOK: Making Money in Real Estate https://flippingmastery.com/ebook-10k/yt/ ALL-IN-ONE HOUSE FLIPPING SOFTWARE http://flippingmastery.com/flipster1/ Get Mentored by Jerry: http://www.FastTrackApplication.com FACEBOOK: http://www.Facebook.com/flippingmastery INSTAGRAM: http://www.instagram.com/realestatefreedomtv #RealEstateInvesting #FlippingHouses #RealEstateMentoring

Why NOT to Hire a General Contractor When Flipping Houses...

In this video learn why it's best NOT to hire a general contractor when managing a rehab or fix and flip.... GET PAID $10,000 to find deals for Jerry http://www.onlinemeetingnow1.com/register/?id=x6bn1tq2hs Jerry Norton is the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. SUBSCRIBE: https://www.youtube.com/user/Jlnorton1234 FREE DEAL-FINDING SOFTWARE https://flippingmastery.com/datacruncher/yt/ FREE BEST-SELLING EBOOK: Making Money in Real Estate https://flippingmastery.com/ebook-10k/yt/ ALL-IN-ONE HOUSE FLIPPING SOFTWARE http://flippingmastery.com/flipster1/ Get Mentored by Jerry: http://www.FastTrackApplication.com FACEBOOK: http://www.Facebook.com/flippingmastery INSTAGRAM: http://www.instagram.com/realestatefreedomtv #RealEstateInvesting #FlippingHouses #RealEstateMentoring

learn a quick tip - the most important thing you can focus on if you're new to flipping houses.

GET PAID $10,000 to find deals for Jerry
http://www.onlinemeetingnow1.com/register/?id=x6bn1tq2hs

Jerry Norton is the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.

SUBSCRIBE:
https://www.youtube.com/user/Jlnorton1234

FREE DEAL-FINDING SOFTWARE
https://flippingmastery.com/datacruncher/yt/

FREE BEST-SELLING EBOOK: Making Money in Real Estate
https://flippingmastery.com/ebook-10k/yt/

ALL-IN-ONE HOUSE FLIPPING SOFTWARE
http://flippingmastery.com/flipster1/

Get Mentored by Jerry:
http://www.FastTrackApplication.com

FACEBOOK:
http://www.Facebook.com/flippingmastery

INSTAGRAM:
http://www.instagram.com/realestatefreedomtv

#FlippingHouses #RealEstateInvesting #MakingMoneyWithRealEstate

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