Today we are going to talk about flipping houses. A profitable house flipping business is always going to be about the numbers. Learn your numbers, know your numbers, use the numbers until they become second nature. This is a topic people pay me big money to teach them, but I’m going to share quite a bit of it with you today. And it’s yours at no cost or obligation simply because you took time to listen to the show. Long-time listeners will know that I do this from time to time. Sprinkled over the past 414 hours of Flipping America shows is probably all the real estate education you’ll ever need.
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The Flipping America Buyers Club bit.ly/flippingamericabuyersclub.com
Announcements: - The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
- Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
- “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
News: - The evidence shows the truth - the real estate market is booming. https://www.housingwire.com/articles/wow-6-million-existing-home-sales-however-context-is-key-with-2020-housing-market-data/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=95826669&_hsenc=p2ANqtz-8SOIRfsHhJZ6bxec1tZ-wrQiuxEaFdDxaK8HECWysBMujjA8QUVBIhljw39NmwPuhfL0GwVe1Er8QWqqltcF19LW5MtgxCaoxN0zwToSDaUp2m4QQ&utm_content=95826669&utm_source=hs_email
Questions: - Sanjay, Fort Worth, TX “I’m hoping to join the Buyers Club if you will let me in. Is there a limit to how many houses I can buy?”
- Cary, Arlington, VA “It’s tough to find deals here right now. Wholesalers and banks are asking too much. Is it like this where you are? If so, what’s a fix and flip investor to do?”
Motivational Quote: “I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life and that is why I succeed.” – Michael Jordan