How To Profit From Real Estate By Quick Flipping
Quick Flipping in real estate is an entire business in itself and generates super-fast profits, usually without ever acquiring the title on the property. I love picking up a check at closing, with the seller and buyer happy at the same time.
Many times I have earned thousands of dollars within two or three days of finding a deal. Successful people in the quick flipping business are good at locating hot deals and marketing them – primarily to people who are in the rehabbing and retailing business.
A quick flipper is willing to take a smaller, fast profit and leave the larger profit to an investor with the time and money to buy, repair, and sit on the house until it’s sold.
Quick flippers can make a good income by buying and then reselling immediately only once or twice a month. These deals require no credit, no real estate licence and little to no money.
The concept is simple.. If you locate a great deal, someone is waiting to buy it from you.
Finding bargains for bargain hunters is the easiest and quickest way I know to pick up a check for at least $2500 or more. And the whole process shouldn’t take more than 15 to 30 days from the beginning to the end.
Following are some tips for quick flipping:
1. Never pay too much. Remember, you’re selling to bargain hunters. Leave them plenty of room to make a profit or you won’t find a buyer. That means they should net at least 30 percent of the sales price after all expenses.
2. Your exit is to sell for all cash quickly. Make sure your buyers can get the cash and aren’t relying on bank financing. Do not work with buyers who use banks to finance. Banks won’t finance junkers at your expense. If a buyer can’t close in 7 days or less, find another buyer.
3. Use an assignment of contract and let your closing agent collect your fee.
There’s really not that much to learn about quick flipping. It’s an easy real estate business once you get the hang of it. Personally I average quick flipping about one house a week and a lot of Quick Flippers I know are doing one to five deals a month.
I love this business because of the opportunity to make more money on one or a few wholesale deals than most people make in a year on their job.
If you want to learn how to flip houses by seeing me quick flipping in action follow me on social media..