The Right Way to Pay Contractors When Flipping Houses

author Real Estate Freedom TV   4 год. назад
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Three Documents to Always Get From Contractors when Flipping Houses

Watch this video to learn the 3 essential documents you should always get from contractors when 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 #RealEstateInvesting #FlippingHouses #RealEstateMentoring

How to Negotiate Price With Sub Contractors

Visit http://flipyourfirsthouse.com/ to get my Deal Analyzer spreadsheet for FREE. This spreadsheet instantly calculates your potential profit, so you know whether or not a deal is worth pursuing. Negotiating prices is one of the most valuable skills you can learn as a new fix & flip investor. In this episode, you’ll learn how I negotiated the price of the bathroom remodel at the Escondido property. You can watch the next episode in this project series, "Escondido Property Update - Breaking Ground on the New Addition" here: https://youtu.be/_Q4_yKrp5C4 Visit https://www.youtube.com/playlist?list=PLdD_oUkUm7kGqVWHqc9dgr464q6d0r6kO to see a complete listing of every episode in this project series.

Best Materials for House Flips

https://www.freedommentor.com/best-materials-for-house-flips/ Discover the best materials to use for house flips from the most experienced house flipper in North America, Phil Pustejovsky. You'll get an inside look at what paint, flooring and other renovation materials he uses when fixing up a house when his plan is to flip it. Whether you are interested in doing your first house flip or are a seasoned professional, you'll learn something new from watching this video. Plus, it'll be entertaining too.

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

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

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

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