What is fix and flip? Fix and flip. Flip in, flipping out.
What is fix and flip? I don't know. Yes, I do. I'm going to tell you on this episode.
And you are going to love it. Let's go.
Welcome back. In this episode, I'm going to be talking to you all about the fix and
flip and giving you the real deal on that. Again, I'll ask you to go ahead and
take this opportunity and subscribe to my channel. I'm bringing you content
every single day and I'm one of the fastest growing channels on YouTube.
Thanks to you. So, I will keep making you videos if you go ahead and subscribe to
that channel, that'll keep me going and I will keep giving you all of the truth on
this show. So, let's get into today's episode. In this video, I'm going to share
with you how you can use fix and flip to be the hero in your community and be
someone that people look up to just for doing some of these things. I want to
tell you the surprising thing that they do not tell you or show you or talk
about an HGTV something you would never learn unless you talked to a real person
that has flipped a house. And number 3, I'm going to teach you the new way to
flip houses. Not the old way, not 5 years ago. Today which you can do today
to flip houses. Let's get into it. Okay. So, we're talking about fix and flip, we're
talking about taking a property that is old. That needs some repairs. Transforming
that property and then selling it to someone for profit. Again, I know many of
you have seen HGTV, A&E all of these different flip shows. So have I. But I'm
going to tell you. There is a real purpose to the fix and flip and it is absolutely
amazing. The real true purpose of a fix and flip is to improve your community. To
improve neighborhoods. Real estate after many years of being lived in is going to
deteriorate. Just like anything else. You know, properties will need repairs.
Properties will need to be renovated. They'll need to be updated and brought
into the new times. You know, if you have a house that was built in the 60's, the
70's, even the 80's, there's going to be things that's going on with that property that
needs to be fixed and you're going to look inside of it if someone in 2020, 2021,
probably not going to be interested in some of the decor and the style and the paint
and the carpet and all of the stuff from the 80's and the 90's. So, as a fix
and flipper, it's our job and it's our responsibility and it's our privilege to
take those properties and turn them into something beautiful. And the great thing
about it is when we do that, we make money. And I'm not sure if you've heard
this but you might want to look this up. The average profit on a flip last year...
And again, this is not Noelle, was $65,520.
Oh, yeah. Did you hear that? Yeah,
$65,520. On one flip. That was the average profit.
So again, some people probably made up a little bit less. Some people probably
made a little bit more. But let's think about it. How many properties would you
have to flip in a year? If you are getting an average of
65,000? Well, not that many. And so, I'm going to tell you the trick to it. So,
let's kind of get into that part because that's a fun stuff. So now, that we have
found a property that probably needs a little bit of work, let's talk about what
they do show us on HGTV. They love to show us what? The fix. They love that.
That's the stuff we love. You know, it's our guilty pleasure. We love seeing
properties that look old and they're transformed into something new.
You know, this is beautiful. You would have hated to see it before. And that's
the thing. As a viewer, we're watching TV and we're thinking, "Oh, my gosh. This is
amazing." And so, we focus on what? We focus on the fix. But really what we need to
focus on is the before. That's the key. Yeah, it's awesome to fix the properties
and make them look nice and put granite countertops and stainless steel and
paint the walls nice and it smells all good. But let's talk about the real deal
with the fix and flip and why you should be fixing and flipping and why you
actually get what? On average 65,000. Well, that's because you had to
get a property that was below market value. You had to get a property that
once fixed up, it would actually be worth a lot more. So, before we get to
that part, what do we as real estate investors? What do us pros focus on?
We focus on the buy. We focus on how much that property cost us to get. You know,
yeah, we look at the repairs and how much it's going to cost and what we're going to
do with the property. But I'm going to tell you the real secret.
I spend 85% of my time, my money and my effort on finding
properties that need to be fixed up. Properties that are below market value
that I know that I can make money if I fix them up. I don't care about the other
fixed up properties. Not that much. I don't care about what the trends are and
stainless steel and all that stuff. Once I get the property, I can figure that
part out. The key to it is finding people with property problems that really need
to sell their home. They're desperate, they're in bankruptcy. They're foreclosure,
they're divorced, someone died. They inherited a house
they don't want. They went to a convalescent home, blah, blah, blah. I could
go on and on and on about how I get these properties. But that's how the pros
make that money. That's the secret. If someone sells me
their house or gives me a contract for it and it's already worth more than I
got the contract for, before I even started fixing the house, I have money. I
could just flip the contract and get a little bit of money. So, that's the key.
And that's what most people don't know. And they never talked about that one on
HGTV. You notice they never even tell you how they got the property. It just like
starts all along. Like, "Oh, here's my husband, here's my wife. And then we're
just here fixing up a property." Okay. That's cool. And you know, she's fixing on...
You know, finding the cabinet and all this stuff. It's like, okay, *skreetch* Where the heck
did y'all find this property yet? How did job get that number at the end? You know,
they're like, "Bought the house for this. Did this a polymer budget.
Made this profit." *Ching* And then they're all smiling and everybody has their checks.
But again, Noelle is here to tell you the truth. Where did they find that property?
How did they get that dilapidated property? Well, they do what I just told
you and they mark it to people with property problems. And of course,
I have an entire video that shows you how to do that. But that is the key to
this, people. Get off of the HGTV. Stop looking at all of the fixing part and
start focusing on finding those people and being a hero in your community. Now
that you're the hero and you found all of these properties, yes, we fix the
property. I have a whole video on it talk to you about you know don't go to all
those expensive stores, don't pay the big money to renovate the property. You want
to find cheap materials. Not cheap like in quality but cheaper in price. You
don't want to pay you retail prices for this stuff. Because again, you're trying
to make a profit. So, you go ahead, you get your contractor. You're fixing the
property. You fix it up and here's another secret that I do that the pros
do. We start selling the property usually before it's even done. Did you get that?
Because I'm telling you up some major secret stuff right here. You notice on HGTV, they
staged the property and they put the furniture and the decor in the paint. And
the blue blonde lady comes in and she's such good at decorating and
her and her husband they're so good at decorating. Look, here's the trick: Most of
the time, you are not staging the property. With most of my flips, how I get
that big money, I don't even have to stage the property. I get the home sold
before I'm done fixing it. That's why... Drum roll, we spend most of our time
finding those good properties at good prices because we already know what
we're going to do and then we can make a profit. That's the truth to this. So, you
guys want it to know and here you go. I've told you the whole truth. So, there
you have it. Like I said, I've told you the entire
truth on fixing and flipping and how you can do it and make some good money. Take
this opportunity to go ahead and subscribe to my channel. Go ahead and
click that notification bell. Remember, I have a whole free training for you at
Noelle's free training.com. Completely free. Like I said, that's the
benefit of me already coming to YouTube with a little bit of change in my pocket.
I already got money. I don't need yours. Go ahead watch my videos. Get
your information so that you can be successful too. To see your success.