Wholesaling and Flipping Houses with ?The Flip Man’s” Help

This article is mainly focused on flipping and wholesaling houses with no cash or credit. Now you may think that it is impossible, but have you ever wondered how why most of the richest people alive have invested in real estate at some point in their lives. There is a lot of money to be made with real estate investing but all it requires is a little know how and effort.

Wholesaling and Flipping Houses is no different. The idea of flipping and wholesaling houses has been around for quite some time; however not many people know it exist. There are many websites that claim to help you by giving you the competitive edge that you need to be successful in this field; however most of them are a load of “fluff”. This is not the case however with “The Flip Man”.

 The Flip Man has been in the field of flipping and wholesaling houses with no cash or credit since January of 2003. The Flip Man has successfully done almost 200 transactions in relation to flipping and wholesaling houses. Now you may ask how it works. Well it is quite simple really. The first thing that you have to keep in mind is that the amount of profit you will be expecting in terms wholesaling and flipping houses will vary depending on the market that you live in. Some markets are known to offer cheaper houses in comparison to others. The only real difference that this will make is that the more expensive the house, the more profit you can expect without using your cash or credit to close these deals.

It starts with you marketing to attract motivated sellers who own houses of any type that are in decent condition, but may need repairs before moving into. The key is to negotiate with the person who is actually going to be making the decision of selling the property or not. It just makes it a lot easier to deal with the owner directly rather than having to go through an agent. After agreeing to buy a property say for example for ,000, you will automatically create a contract between you and the seller where you will secure the contract with in earnest money.  (Assume this property is worth 0,000 in excellent condition which often referred to in the real estate investor world as the ARV or After Repair Value.)

Now you will market that deal to find a buyer that is willing to buy the property for ,000.  It will be rare that an investor will pay what you are asking but for the sake of this example an investor offers you ,000 and you accept.  You would then meet the investor to sign another contract with you as the seller and the real estate investor as the buyer.  You will always secure your contract with your buyer/investor with at least 0 in earnest money.

Once you have a contract with your seller and buyer/investor, you will now set up the closing with a title company or attorney and this is where the seller, your buyer/investor and you would meet to close the deal.

Eureka, the seller gets paid, buyer/investor gets the property and you walk away with a FAT CHECK all done without using your own cash or credit. 

THAT’S HOW YOU WHOLESALE AND FLIP A HOUSE

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