What is a paper flip? I get this question all the time. Paper, flip. Flip, paper. No.
I'm going to tell you the truth of what a real paper flip in real estate is.
Let's go. Okay. What is a paper flip? I know so many people have asked this or
wondered this or heard this term. Obviously, you did since you are on this
video. And the crazy thing about it is I'm going to tell you exactly what it is
and what it is not. There is so much misinformation out there. Number 2, I'm
going to give you the steps to do it so that you can make thousands. And then
number 3, I'm going to give you the secret to getting a check in weeks, not
months with a paper flip. Okay, let's get into it. Okay. So, real estate. Real estate,
real estate flipping. You've heard of that. I know you guys have seen HGTV and
you've seen them fix and flip a property. And then sell it and make lots of money.
But a paper flip is nothing, nothing nothing like anything you have seen on
TV. A paper flip is really just when you get a contract and then you flip that
contract to another investor. We call it a paper flip because you never actually
did anything. You really just got a contract and then flipped that paper. So,
let me kind of go in what that means. Because it's a term that's called
wholesaling. Wholesaling real estate is an awesome and amazing concept in real
estate. And it's one of the things that I use to quit my job. I literally started
marketing to people with property problems. People that were in
foreclosure, bankruptcy divorce relocation or whatever the situation
maybe. I would market to those people. I would get the contract. Again, get them to
sign a contract with me as the buyer. I would put my name or the company's name
and/or assigns, okay? This is super important. You
put your name or your company's name. And then the words and/or
assigns. And that would give me the right to assign as that contract, that paper to
someone else where they could take over and then they could buy the property
that I told the seller that I was going to buy. Now, I know this sounds a little bit
crazy to people. But again, is totally legal and ethical if you do
it the right way. So, let's talk about that part. As I said, you're going to be
marketing to people with property problems. So, you're going to be saying,
"Hey, are you behind on your payments?" Or "Hey, did you get a house that you don't
want?" Or, "Hey do you have a house that's falling apart?" That's the easy part.
But you want to make sure that you are ethically doing this. So, you want to make
sure that you're really a business and that you really have the legal rights to
do this. And the simple fact of the matter is you want to set yourself up as
a business and then you've legitimized what it is that you're doing.
Additionally, in your marketing, you want to make sure that you let the person, the
seller who's in this just stressful situation, this motivated seller; you want
to let them know that you are not representing them, okay? I'm going to give
you a tip that I'm telling you so many people have messed this up and all you
have to do is say these things and you will be doing it the right way. Make sure
that you let the seller know that you are a company. This is what you do. You
help people market their properties. You have a group of investors that you work
with. There's language that we use. But here's the language that we do not use.
We do not let them think that we are a real estate agent. We do not tell them
that we are a real estate agent. We do not tell them that we're a real estate
broker. We do not tell them that that we are a realtor. You really want to make
sure you stay away from all of those things because you need to be licensed
to be a real estate agent or a realtor or a broker. And so, if you are
approaching people when you're saying, "I'm gonna help you market your property,
I'm going to get you cash offers. I'm making you a cash offer", whatever it is
that you're saying, make sure you use only that language and you never go into
the side where you start pretending to be a licensed real estate agent. That'll
get you messed up. So, let's get to the fun part. I know you're thinking, "Okay,
well why would they sign a contract with me? Why I'm going to put
and/or signs and then flip the contract to somebody else? Why would a
seller do this?" I'm going to tell you why. You're going to explain to the
seller how it is that you help them and how they're going to save so much money by
going with you instead of calling a real estate agent. One of the things that real
estate agents do is they charge what? A commission.
Right? What else do they do? They have to pay not only their commission. They
usually charge the seller the other person's commission. So, in many cases,
when someone goes to sell their property with a real estate agent, they have to
pay for both real estate agents. Well, luckily, you are not a real estate agent.
Here's the caveat. Hopefully you don't actually have your real estate license.
But then if you do, you'd have to tell the truth and tell them that you do have
it. But in most cases, we don't have our real estate license and we are not
representing them as a real estate agent and we are not charging Commission. So,
these are all great benefits for the seller. And these are all awesome reasons
why they will sign a contract with you instead of calling a real estate agent.
You just explain to them, "Hey, I'm going to market your property. I have a group of
investors. Their cash buyers. We're going to close in a week". You tell them
you're saving real estate agent commissions. They're not going to have to
pay all of those things. They don't have to get the property repair. They don't
have to do all of these different things that they'd have to do with a real
estate agent. The list goes on and on. There's so many benefits of working with
a real estate investor instead of calling a real estate agent. And this is
why and how you do paper flips. Because they're looking to just get rid of the
property. And if you can quickly just explain to the seller all of these
awesome benefits, then guess what? You can make money. Once you've explained how
you're helping them, they'll go ahead they'll sign the contract, the next thing
you do is you market those properties to real estate investors. You just say, "Hey, I
got..." Whatever the property is. You don't say, "Hey, I have this contract."
You basically tell them about the property and how much money they could
make on the property or where the property is and all the benefits. Real
estate investors are always looking for properties. Real active real estate
investors like myself. We're always looking for properties because this is
how we make money. And so, you person watching this video, you can help
seasoned real estate investors just like me make a ton of money and that's how
you get money too with paper flips. Okay. So, now you get the whole process. You get
how to actually flip paper in real estate. Super easy. Nothing
difficult. Trust me. I did this stuff straight out of bankruptcy with multiple
foreclosures terrible credit living in my parents' basement, okay? So, this is
something that you can do wherever you are in your life. If you need more
training or you feel like if this is a great starter, you've got all these great
content that I'm giving you here on YouTube but you want a little bit more,
don't hesitate to go to noellesfreetraining.com. I got a full training there
for you and a way for you to reach out to our team so you can start partnering
with us. I just want you to be successful. To your success,