How to start flipping houses. Did you know that the average fix and flip makes over
$60,000? Did you know that I have literally made over $100,000 off just one flip? Yes,
it's absolutely true. Fixing and flipping is one of the most profitable things that you can do
in real estate and I'm going to share with you exactly how to get that done. Let's go.
I'm going to share with you the three step process of how to fix and flip houses for a profit. I'm
going to share with you the real way that you get renovations done without doing them yourself. And
I'm going to share with you my biggest secret on how to make double what most people make
when they are flipping houses. There are so many benefits to fixing and flipping. Like I said,
fixing and flipping is the easiest way to make a large lump sum of money really quickly. Literally,
you can buy a home that needs some renovations that you get at a discount, do what we call forced
appreciation by renovating the property, updating it and then selling it for a profit. This is an
easy way to make a lot of money on a property in a short amount of time, you usually don't have
to hold the property for years at a time in order to walk away with over $60,000. Even if you mess
up on your flip, you can still make 10s of thousands of dollars. Fixing and flipping is a really easy
way to start making money in real estate. But it is one of the riskiest things that you can do in
real estate. So let me tell you how you can get it done and minimize that risk. Step one, if you
want to fix and flip properties for a profit, you need to start getting properties at a discount.
The easiest way to get properties at a discount is to find people that are having property problems.
Find a person that is in financial distress, not necessarily with the property. But with the
mortgage. Usually a person that's in bankruptcy, foreclosure, divorce or getting relocated by their
job. In many cases, they will need to sell the house quickly, and they can't afford
the mortgage. This is a very easy way to get those properties for a discount and sell it for
a profit. So the way that I got started in real estate was basically by finding property problems.
I literally had got foreclosed on my own self and when I was in my parents basement, I got a real
estate coach that taught me to find other people that were in the same process that I had been in.
It was actually a very easy way for me to relate to them and explain to them the foreclosure
process and give them a better solution than actually getting foreclosed on and letting the
house go back to the bank, using a real estate investor really does help people that are in
pre foreclosure. This way, they can help fix their credit, someone can take over that mortgage or pay
it off without them ending up with a foreclosure on their credit report that will last there for 10
years. In many cases, they can avoid that process altogether and it doesn't cost them any money.
It's really a win win situation for someone that's in pre foreclosure and it's a great situation for
someone that wants to fix and flip houses. These people are an amazing opportunity for you to do
renovations on that property, and then sell it for a profit. Now you may be thinking, Well,
why don't they just do it themselves? Well, duh, they're already in foreclosure, so they don't
have the money to fix and flip a house and they don't have the money to pay the mortgage back in
time. Usually, when you are in a pre foreclosure situation, you only have a matter of weeks to get
the money together to repay that mortgage and get it caught up. The banks do not give you a
long time to catch those mortgage payments up, especially if you have equity in the property.
In many cases, this is how banks make money on foreclosures. If they see that you have a lot of
equity, they will speed that foreclosure process up and take that house back as quick as they can.
So if you are in foreclosure, for example, and you can find someone that can take over those mortgage
payments, or pay that mortgage off, that's a great situation for you and in many cases,
that person will pay you some money, so you don't just take a total loss and ruin your credit. It's
such an amazing way to start flipping houses, but there's tons of other niches that you can
do and there's tons of people with property problems, looking for your help. So step two,
after you find properties that have a problem and you're able to secure at a discount,
you're going to need to find contractors to help fix those properties up. Even if the property
doesn't need lots of renovations. One of the things that you are doing when it comes to fixing
and flipping is you are upgrading the property. This is called forced appreciation. So even if the
property is in decent shape, you want to upgrade the property so that it is worth more money. You
may change out the appliances from white or black to stainless steel. You may redo the carpeting, you
may redo the bathrooms or the countertops. Again, making the house look nice and new and making it
worth more money. It's not difficult to find contractors to do renovations, and in fact,
the better the property condition, the easier it is to find contractors that can do the job for
you, and get it done at a great price so you can make a profit. Are you ready to start fixing and
flipping? Comment below and let me know what city and state are you in. There are so many
great areas to do fixing and flipping. You don't really want to be in a rural area. But there are
tons of gray areas for fix and flips. Comment below and let's talk about where you are, and
how to get your fix and flips going. Step three, sell the property for a profit. In so many cases,
people will wait to the property is completely done, and then put it on the market. This is a big
mistake. When I really learned how to fix and flip properties, I started listing them for sale before
we were ever even done with the renovations. A lot of times the contractor will give you renderings
of what the property is going to look like and you can start marketing the property already
before it's even done. Most cases, you can secure a buyer for your property before the property is
even done and many buyers love to do this because then they can pick out some of the paint colors,
or even the carpet and they feel like they're getting a brand new house right from you. This
is an amazing way to double the amount of money that you're going to make because you don't even
have to use a realtor in some cases, you can get the property listed on sites like
Craigslist for sale by owner or other sites where you can list properties, for sale for
yourself without using a real estate agent. Now, disclaimer, I'm a licensed real estate
agent in Florida and Texas. So I know that hiring a real estate agent is going to cost
you three to 6%. But if you can do your fix and flip and listed for sale before you're even done,
you will be able to make even more money with the property because you're selling it yourself,
you're selling it before it's done and you're selling it without a realtor. So I have created
an entire training that I am leaving up for a limited time that teaches you all about my
exact formula for investing in real estate with no cash or credit. Go to noellesfreetraining.com
and get this full training absolutely free. Noelles freetraining.com has a full training on
investing in real estate that I made just for you. But I can only leave it up for a limited
time so check it out now. I just want to make sure that you have all of the resources, all of
the tools and all of the knowledge that you need to be successful. This is Noelle, to your success.