So, what is flipping contracts? I know you probably have heard of flipping, fixing
and flipping. But what is flipping contracts? Like what does that mean? Is
that something that you can do? Is it legal? Can you make money doing that? Well,
I'm going to tell you some surprising facts about flipping contracts. Let's go.
Welcome back. Okay. I am so excited to make this video for you. Flipping real
estate contracts is an amazing thing to do. But there's some things that I want
to tell you because so much has changed. So, go ahead and subscribe to my channel
because again, I have some amazing information for you guys. And I'm one of
the fastest growing channels on YouTube. And I'm doing all of this just for you. I
want to just keep bringing you content so that you can be successful. And this
is an amazing video for you to actually be successful. Okay, you want to make sure
that you stay to the end of this video because I just have so much great
information. And if you stay to the end, I have a special surprise for you with a
free blueprint. You can get it below and it'll just detail everything that you
need. I'm going to go through each step so that you have it all figured out and
there are no questions. Number 2, I'm going to make sure that I give you the
secret to getting at least $5,000 dollars per contract just like I do and
my students are doing. And 3, I'm going to tell you exactly what I'm doing
today. What my students are doing today and what's working now. Not old
information. What's working now. Alright, so let's get into it. Okay. So, let's talk
about real estate contracts. Before I even get into the meat of it, I got to at
least tell you what a real estate contract is really quickly. So, a real
estate contract is a purchase contract. That is between a buyer and the seller
to purchase a home. But I'm telling you the secret to this because we see people
getting contracts and that scares so many people. When you say the word
contract, I know your heart probably started racing. Mine did because like,
"Wait a minute, are you saying I am in a contract to buy
this house? How does that work? If I'm in a contract to buy the house, then that
means I'm going to get in trouble if I don't have the money." And so that's what
really stops most people. But I'm going to let you know, a purchase contract is more
than just a contract. When you are signing a purchase contract with a
seller as a buyer, when we're talking about real estate investing, you want
that contract because it is an equitable interest in the property. It is valuable
to you. Basically, if you get a seller to agree to sell you a home that you know
is worth a lot more, then you can make a lot of money in
between. So, let me give you a quick example. You find a seller that has a big
problem. You know, they're going through a divorce or they got relocated
or something could happen and they just need to move out of that house and sell
it really quickly. But they may not have the opportunity to fix it up or they may
have to... May need repairs. Or you know, there's some things going on and
they need to sell it quickly. So, enter into you real estate investor. Here's
where you can help: You can get that property under contract and then market
that contract for a higher price. This is essentially what flipping contracts is.
We find people with property problems. We get them to sign a contract for a
specific price. Again, the contract is not what we're really that interested in. Yes,
it's a contract but it's really the equitable interest in the property. That
is my interest to buy that property. And the great thing about it is you can
assign that interest. Okay, I know I said that fast and you're like, "Whoa, what does
that even mean?" Alright. Let me go into it really quickly for you. So, again. Get
the property under contract for $100,000. It could be
worth $150,000, $170,000.
I may just say, "Okay, let me get it under 100,000 for you. I'm going to
help you get it sold, seller. I know you need to get going and I have a ton of
people and a ton of ways to get this property sold." But all you're gonna do is
get the property under contract. That's the simplest thing. And then you market
that to other people for a little bit of a higher price. So, you may just market it
for like 105,000. Not a big deal when we're talking about those big
numbers. But guess what? You got it under contract for
100,000. Do you assign the contract to someone else for 105,000,
guess who's $5,000 that is? Yes. So, that is how this
all works. And so, yes. Flipping contracts is totally legal if
you do it properly and it's something that we still do today. And I still make
money doing and I've made over six figures
flipping contracts or wholesaling properties as we like to
call it. Let me tell you what's working today that most people probably are not
sharing. I'm going to tell you just a little bit of a secret here. Because it is kind
of a secret. You have to find people (like I said) with property problems. But I'm
going to give you a secret tip that not a lot of people are talking about where I
was able to make way more than $5,000 per property. I was targeting people that
inherited a house that they didn't want. And this changed my business. I just
started looking through probate records and finding people that had inherited a
house they did not want. And I was able to find properties in amazing
neighborhoods with lots of equity. Again an older person probably lived there. So,
the house was outdated but perfect for flip. Perfect for people that loved
flipping houses and I was able to flip those contracts sometimes in days. And
make 20-30 thousand dollars. And I have students doing it today. It's a
secret way that most people are not using. Their like out putting out
signs or they're looking for people in foreclosure. And again, I'll teach you all
of that stuff and it does work. But the key you want nice properties and nice
neighborhoods because that's where the real money is. And so, that's basically what I
did. That's what my team is doing. That's what some of my students are doing. You
can see they're having some amazing results targeting some of these people
and helping them in ways that you cannot imagine. Changing our communities,
changing our neighborhoods and just being awesome people and making money in
the process. What beats that? If there's something that beats that, I don't know.
Making money and helping people and living the life that you want to live,
man, is it amazing. I'm going to take this opportunity and just ask you to go ahead
and subscribe to my channel. I have one of the fastest growing channels on
YouTube and it's thanks to you guys. I thank you so much for watching my
channel. Make sure you click that little notification bell so that you don't miss
all of my content. Because I am basically a free course right here. You
know, if the beauty of me already come into YouTube with a little bit of money,
I get to give all of this away for you. for free. So, to your success.