FREE BOOK ►►► http://myEmpirePRO.com/freebook
In addition to "How does House Flipping Work", I will also share where I think you should focus because on an UNTAPPED opportunity in the house flipping business.
How does House Flipping Work Highlights
3 Types of House Flipping Professionals
1. Wholesalers
2. Rehabbers
3. Agent/Realtors
Real Estate Wholesaler
1. Find and identify a motivated seller
2. Lock the property into an assignable contract
3. Find and identify a qualified end buyer that can purchase and close in shortest amount of time
4. Assign your contract for an assignment fee.
Real Estate Rehabber
1. Find and identify a motivated seller
2. Lock the property into an assignable contract
3. Identify the best funding to purchase and close in shortest amount of time and for rehabbing the property.
4. List property back on the market with a real estate agent.
SEE THE VIDEO FOR DETAILS & ENJOY
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
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PODCAST
iTunes :|: http://apple.co/2ktmxnn
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MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
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WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #HouseFlipping
BLOG POST - http://myempirepro.com/blog/how-does-house-flipping-work/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
In this episode, I will break down the best way to finance your house flipping business using the "Smart Business Empire" strategy.
- Personal Cash
This involves using your own personal cash to fund the acquisition and rehabilitation of the property.
- Hard Money
This is probably the most expensive for of funding for a house flipping deal where they charge anywhere from 12-18% for funding a deal based how profitable the deal is.
- Private Money
This may involve your own personal money but it is not limited to your own money.
It may involve private funds from other people such as family, friends and other types of acquintance.
- FHA 203K
This is a government backed loan designed for owner's occupied properties that need rehab or construction.
- JV
This is a type of funding that doesn't just involve funding partnership but a ver involved and invested partner who cares about profitable completion of the rehab project.
- Guaranteed Funding
This type of funding is available for less than 48 hours in double closing and assignment type of house flipping deal where they typically charge 1% for the use of the money.
ENJOY THE VIDEO
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #HouseFlipping
BLOG POST - http://myempirepro.com/blog/how-to-finance-house-flipping/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
In this episode, I share with you 4 ways on how to learn real estate wholesaling depending on your budget.
1. Books/Podcast/YouTube
This is the cheapest way to learn real estate wholesaling but it is also the way that take the longest.
All you have available is pre-published information and you can't get questions answered in real time.
2. Home Video Course
This medium of learning has a little more quality because information can be shared in motion pictures.
It cost a little more, anywhere from $200 to $10,000 but it often comes with a tight community where you can help each other as well.
3. Personal Coaching
This is the highest quality of paid training possible because you have a personal coach and you can be coached and get questions answered in real time.
This can cost you anywhere from $10,000 to $100,000.
4. Partnership
This form of education is similar to what you may classify as internship because you can learn from real experience by partnering with established real estate wholesaling professional.
ENJOY THE VIDEO.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #RealEstateWholesaling
BLOG POST - http://myempirepro.com/blog/how-to-learn-real-estate-wholesaling/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
In 16 minutes and 31 seconds, I share with you, not just what to know about house flipping, but also what you should be focused on to maximize your chances of closing a lucrative first and next deal.
There are 2 main entities that drives a real estate transaction but we are going to add YOU to facilitate the process in exchange for lucrative fees over and over again.
SELLERS
This is the source of the product; the sellers.
In the house flipping business, you are looking for a property that can make use of added value in particular.
The majority of the sellers on the market would fix it up and list on the public MLS for the market at large.
These types of property are not ideal for house flipping on an average.
Most wholesalers have been trained now to burn thousand of dollars and hour on finding and identifying these distressed homes and home owners.
BUYERS
Money comes from people; buyers to be specific.
There are virtually nobody in the house flipping focused on finding, building and nurturing buyers for the industry.
How sweet would it be if you have the skills to build a massive list of qualified buyers who have grown to love you as a brand and buy quality and performing properties that you recommend; either found by you or someone you are joint venturing with.
YOU
In general, you will be getting paid in the house flipping game as a rehabber who fixes and flip or as a real estate wholesaler who links discounted properties with investors.
In the episode, I share with you why and how to focus on only building a list of buyers using digital age marketing and closing more deals.
It's the most cost effective for YOU to get involved in the house flipping business.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #HouseFlipping
BLOG POST - http://myempirepro.com/blog/what-to-know-about-house-flipping/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
In this episode, you will discover my unique way to how to report house flipping on tax return.
Most people trying to build a a house flipping business are often involved in the wrong questions.
Actually, this topic is one of them.
Regardless, I've taken the time to answer the question without replacing your professional CPA.
First of all, here is a quick disclaimer.
Consult your professional CPA for professional advice as the information in this email are simply my opinion from an active real estate marketers stand point.
FOCUS
The first thing is to make sure you are FOCUSed on activities that create sales and revenue back to back.
It's the one single thing that you keep you out of trouble with Uncle Sam and his disciples.
50%
Any money I make in business after learning a few lessons is not to be used until I set 50% of it on the side.
It doesn't necessarily mean its going to taxes; it's just my second way of staying out of trouble with Uncle Sam.
Yes there are things like 1031 exchange for deferred taxes.
However, it's not applicable when flipping the same house within the same year.
PROFESSIONAL
Last but not least, make sure you consult with a local professional CPA (Certified Professional Account)
ENJOY THE VIDEO
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #houseflipping
BLOG POST - http://myempirepro.com/blog/how-to-report-house-flipping-on-tax-return/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
So what is the best house flipping book on the shelves? I have to warn you that I will be bias of course.
The best house flipping book is the book that focuses on the one skill that you need; marketing.
It's called "Empire Lifestyle Secrets" That's my book and you can download it free at my website.
Now beyond that, I have taken the time to go through recommending some books for you.
The books I've recommended focuses on understand the concepts that create the success levels that most people will never see.
Majority of the house flipping books were put there to attract leads into funnels; nothing wrong with that.
But I've picked the best selling books that has substance for you. ENJOY THE VIDEO.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #HouseFlipping
BLOG POST - http://myempirepro.com/blog/what-is-the-best-house-flipping-book/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
There are tons of house flipping classes out in the market place but allow me to share something profound with you before sharing what I think are the best classes available to you.
May be a little bias but true...
House flipping involve buying and selling houses from profits in the shortest amount of time.
So in essence, you need sellers and you need buyers. Therefore the main problem you should be solving is marketing to sellers and marketing to buyers.
Your primary responsibility as an entrepreneur is to market. But then again there is another problem.
Marketing can be very costly when all you do is spend money to get attention one time.
With this new class(es) at www.EmpireTrafficAcademy.com , the primary objective of your marketing activity is to build your list like a media company.
When you do that, you will set your business up to be able to market for free and acquire high ticket transactions perpetually.
So I have taken the time to create this tour video of the inside of www.EmpireTrafficAcademy.com which is a $5,000 program.
Inside the video, I reveal how you can access it for just $1.
ENJOY THE VIDEO.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun
BLOG POST - http://myempirepro.com/blog/house-flipping-classes/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
Wanna leant how to get into house flipping? Let me share with you the 4 fastest way to NOT just get in but hit the ground running house flipping and closing $10K - $20K deals monthly.
1. Investing in Yourself
There is one 'M' before the next 2 'M's. It's mindset. You have to invest time and possibly money into on-going and perpetual personal self development to win in the house flipping game.
2. Invest in Mentorship
Do you notice that I said "invest in mentorship" and not "find a mentor". The mistake that most people make when seeking a mentor is approaching a prospective mentor without a plan to add value.
As usual, you can invest time and possibly money into your mentors life. It can be as simple as finding a missing piece in their business and filling it.
So, that means it may take you having to observe their business closely, watching their videos, reading every article they release and if possible buying everything they have to offer the marketer. That will sure catch the right mentors attention.
3. Invest in Marketing
Money comes from people. Therefore if you don't invest time and money in marketing mastery, it's additional value that you could be bringing to the market place.
For me, it's the easiest way for me to enter and dominate a market. I am a never ending student of marketing and marketing addict.
4. Invest in List Building
Marketing can be very costly. Therefore every dollar you spend into marketing must be designed to go as far as possible.
The only way to do that is to market with one and one objective only; list building and to build your tribe. Once you build a tribe and a loyal subscribers list, you can then market new opportunities to them for free.
Your following and the relationship with them is the #1 true asset that you own in the business.
In house flipping, I share with you how to have instant access to a list of sellers. But you also need to build a list of potential buyers. I talk more about this in the video.
All of these is designed to do one thing the most efficient and most effective way; ADD VALUE.
Enjoy the video.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun
BLOG POST - http://myempirepro.com/blog/how-to-get-into-house-flipping/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
Want to learn how to Start Flipping Houses With NO Money?
Here is the formula:
F.i X L.U.C = $5K to 20K Days
F - Find deals
i - Identify deals
So what is a deal?
In order to find and identify deals, you need to know what a deal is.
In this video, I take the time to break down what a deal is but I also explain why there are exceptions to every rule.
However if you do not know the rule of the house flipping for profits game, the exception to the rules will be irrelevant to you.
So 2 things to discover in this video:
* What is a deal?
* What are the rules?
For the last part of the flipping houses with no money formula:
L - Lock
U - Under
C - Contract
After, you've found and identified a deal, you need to lock it under a contract which serves as your right to purchase the house at a predetermined price.
You can then turn around and sell the rights (equitable interest) to investors who would happily pay your fees for finding and identifying the deal PLUS the cost of acquiring the house.
Watch the video and enjoy.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun
RELATED - how to start flipping houses with no money real estate wholesaling investing live cold calling max maxwell mark lane sean terry adura sanya
BLOG POST - http://myempirepro.com/blog/how-to-start-flipping-houses-with-no-money/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
In this episode, I break down flipping houses for dummies. No one is a dummy but if there was, they'd understand flipping houses because it is explained at a 5th grader level.
Imagine a guy called 'A' who wants to buy a house at 70-75% of its after repair value (ARV) minus the cot of repair so he can repair the house, list it on the market and sell at 100% value for 25% profit.
That's one side to flipping houses.
Now imagine another person and let's call him 'B'.
He owns a property that he needs to get rid of; a motivated seller.
He doesn't need to sell it because then, he would have time to sell at top dollars.
The property has become a liability for person 'B' and he/she needs to offload it off their books.
They don't care about walking with any money but would like all liens satisfied during transfer of the deed.
Here is a couple of reasons why a motivated seller exists:
* Preforeclosure
* Divorce
* Probate/Unwanted Inheritance
* Move out-of state.
* Out of state landlord
* Vacant home
* and many more...
In the flipping house business, you could either be the rehabber or the person to find and identify good deals to wholesale to the rehabber.
It's a very lucrative business model. I was the wholesaler and have done it more than 40 times and I did rehab houses twice.
I averaged a net profit of $25,000 - $30,000 per deal and the highest I have made from a wholesale deal is $82,000
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #flippinghouses
BLOG POST - http://myempirepro.com/blog/flipping-houses-for-dummies/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
I, too, struggled with trying to figure out what is real estate flipping role in the whole ecosystem and sales cycle.
If you also like that, you will probably struggle with creating result and success in real estate flipping.
Your confidence is a direct result of understanding that real estate flipping a valuable business model in the whole sales cycle.
Many a times, you will see people who have fear tell you that the business is scam or it's illegal.
The only thing that is illegal in real estate is cheating, stealing and lying. I absolutely despise those 3 activities and you too should.
The only requirement while doing business either as an errand boy or an experienced broker in real estate is full disclosure of your intentions and your goals.
The role of real estate flipping is essentially responsible for recycling run down properties, making them pretty and putting them back on the market for new immigration into the city.
The city loves it and the economy of the city depends on it.
A broker who has a problem with regular individuals who want to find and identify good deals is probably not adding any value to the city.
They are just all about their commissions and that's all they want to defend.
If you want to succeed with real estate flipping, it's very important for you to identify the value you get to bring and always remind yourself of it.
It allows you to talk to prospects with authority that commands a big business over time.
WATCH THIS VIDEO FOR MORE ON THIS.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
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Google Play Store :|: http://bit.ly/2jpTROo
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WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun
BLOG POST - http://myempirepro.com/blog/real-estate-flipping-sales-cycle/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
Want to learn how to start flipping houses? This edition will enlighten you on not just how to start, but also on what it takes to rise in to the top 3% success stories in the game of flipping houses.
There are 2 types of business model in flipping houses.
1. Real Estate Wholesaling
2. Real Estate Fix and Flips
They go hand in hand together to create the ecosystem of the real estate investing business.
For this lesson, I want to focus on the real estate wholesaling model because it is typically how most people started in the business.
As a real estate wholesaler, your job is to find and identify deals for the investors who do the fix and flips.
NO CASH and NO CREDIT in flipping houses starting with this strategy.
What do we consider a deal as real estate wholesaler?
An offer that was accepted at 65% of the After Repair Value (ARV) of the property MINUS the estimated cost of repair is considered a deal.
All you have to do is put it under contract; by doing so, you've acquired an equitable interest or rights that you can assign or FLIP to a fix and flip investor or end buyer for a fee.
For example, if a property is worth $100,000 after repair and it would cost $12,000 to repair, you maximum allowable offer (MAO) on the property is [($100,000 x 65%) - $12,000] = $53,000.
Have the motivated seller sign a purchase contract agreeing to sell you the home at $53,000, then sell the rights to this contract for $10,000 to an end buyer.
An end buyer then pay $63,000 for a $100,000 home, spend $12,000 on repair making cost a total $75,000. They can potentially sell at $100,000 minus closing cost.
Flipping houses is an all round profitable business model that benefits all parties including the motivated seller.
WATCH ME IN ACTION AS I HUNT FOR THIS DEALS IN THE VIDEO.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
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Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
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Google Play Store :|: http://bit.ly/2jpTROo
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WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun
BLOG POST - http://myEmpirePRO.com/blog
FREE BOOK ►►► http://myEmpirePRO.com/freebook
Here is what to look for when flipping a house; look for motivated sellers.
Flipping a house basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair.
By doing so, you will acquire a right to purchase the property at the maximum allowable offer of 65% MINUS repair cost estimate.
The right is called equitable interest.
You can then sell the right at 75% of its after repair value minus estimated cost of repair.
The 10% spread between the 65% and 75% of the after repair value is what you should look for in fees for securing these types of deals for real estate investors.
For a $100,000 home, expect $10,000
For a $200,000 home, expect $20,000
For a $300,000 home, expect $30,000
For a $400,000 home, expect $40,000
For a $500,000 home, expect $50,000
That's just what to look for.
It may be more or less.
The highest I've made on one deal is $82,000 from a $400,000.
It's because I put it under contract at much lower amount than the 65%.
I've also made just $5,000 from a $300,000 home... point is it may be more or less.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to flipping a house is to find these deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun
BLOG POST - http://myEmpirePRO.com/blog
FREE BOOK ►►► http://myEmpirePRO.com/freebook
So what is real estate wholesaling? It is a business model or strategy that allows a person to make lucrative profits by simply finding motivated sellers and discounted properties for real estate investors
Using real estate wholesaling, anyone can engage in real estate investing without needing his/her own cash or credit.
During this live session, I am going to go live and do live prospecting as the gateway to real estate wholesaling for massive profits.
Real Estate wholesaling basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to real estate wholesaling is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #RealEstateWholesaling
BLOG POST - http://myEmpirePRO.com/blog
FREE BOOK ►►► http://myEmpirePRO.com/freebook
So finally... what is real estate flipping. May be you've come across this phrase somewhere and they have been talking about making thousands of dollars, but you can't make sense out of it... WATCH THIS VIDEO.
In addition, you are hanging out with me as I am going live and doing live prospecting as the gateway to real estate flipping for massive profits.
Real Estate flipping basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to real estate flipping is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #RealEstateFlipping
BLOG POST - http://myEmpirePRO.com/blog
FREE BOOK ►►► http://myEmpirePRO.com/freebook
So what is house flipping? In this live cold calling session, I took my time in explaining what house flipping and how it can be ver lucrative for you.
I also received an email question with regards to combining house flipping and affiliate marketing.
House flipping basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to house flipping is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #HouseFlipping
BLOG POST - http://myempirepro.com/blog/what-is-house-flipping/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
In addition to flipping houses, we talk about exit strategies in this edition.
I shared my top 4 and the other 3 that I have to do sometimes.
All 7 of these exist strategies for my house flipping business results in money in some form.
I also use 2 live examples to explain the important of a mentors guide in this business in spite of the simplicity.
The operation of an emergency room is a great analogy to how we triage leads and give them dispositions throughout the pre-qualification process.
Flipping houses basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee...
...as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to flipping houses is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #FlippinHouses
RELATED - flipping houses real estate homes wholesaling house max maxwell fix and flip investing how to this that for profit micoformulavideos
BLOG POST - http://myempirepro.com/blog/flipping-houses-prospecting/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
We start of this flipping real estate/cold calling session with how to start on a shoe string budget.
I also talked about Cambridge Analytica.
If you have a family to feed today, things can get bad really quickly not just financially but with your emotional health.
There are some really cool tips in this session at we went in and made 120+ calls.
In addition to that, I covered the last 5 of the 7 sections or resource management lessons.
* Cold Calling vs Direct Mailing
* Doing it Vs Getting it Done
* 100% of Nothing Vs 30% of Something
* Knowledge Vs Execution
* Active Vs Passive
On this series, I am going to go live and do live prospecting as the gateway to flipping real estate for massive profits.
Flipping real estate basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to flipping real estate is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #FlippingRealEstate
RELATED - flipping real estate homes wholesaling houses house a myempirepro cold calling tips fsbo live motivation motivated sellers investing fix and flip how to this
BLOG POST - http://myempirepro.com/blog/flipping-real-estate-cambridge-analytica/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
On this series, I am going to go live and do live prospecting as the gateway to flipping homes for massive profits.
First of all, let's cover some of the things covered in the video as we prospect on on to the next level.
Cold Calling vs Direct Mailing
The former is more of an aggressive and active marketing while the latter is a passive marketing strategy.
With cold calling, you reach out to publicly published list of prospects experiencing problems that your services can solve.
Preforeclosures is a great example of that and you can see in the video how we reach out to these folks to help unload these properties.
The other option is to invest money as opposed to time in sending them direct mailing asking them to reach out.
That’s passive marketing and it works as well provided there is no ultimatum on your marketing budget.
Consistency is key in hock ever marketing strategy you choose.
Doing it Vs Getting it Done
This has to do with the activities in your business and the 2 choices you have in engaging it.
You can choose to be doing them all by yourself or you can focus on getting it done.
It all depends on how much resources you have available in time and money.
If you have more money than time, then it’s best to leverage automation and team building to get things done.
Then your responsibility would be in monitoring results.
There is one thing I want you to watch out for when it comes to outsourcing these activities and hiring virtual assistants.
Don’t do it prematurely as that can be dangerous for the health of your business overall.
100% of Nothing Vs 30% of Something
This is simply emphasizing the importance of team building in your business.
However, don’t try to build teams a solution to laziness. Instead, use team bustling as a leverage to creating larger and better results.
Knowledge Vs Execution
Execution wins this all day simply because you also learn and gain more knowledge as you execute in your business.
There are way too many people who know too much and execute almost never on what they know.
Flipping homes basically starts with putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to flipping homes is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #FlippingHomes
RELATED - flipping homes wholesaling cold calling real estate houses house a myempirepro tips fsbo live investing how to flip jay morrison this that
BLOG POST - http://myempirepro.com/blog/flipping-homes-prospecting/
FREE BOOK ►►► http://myEmpirePRO.com/freebook
In the 2nd of this type of series ever, I decided that I would do this until further notice.
As you already know, exposure is everything.
It’s an opportunity for me to kill 2 birds with ONE stone. No worries, I will not be doing that in real life.
The point is that I am able to create amazing content while you simultaneously watch me prospect for my business.
It’s productivity at its best.
If you’ve followed me for a while, you’d know that I follow I.L.D.T. This is another great opportunity to do that.
So here is what we covered in this episode primarily around the prospecting as if we are wholesaling real estate from scratch.
Creating Touches & Encounters
The more touches will create, the higher your chances of closing your first or your next wholesaling real estate deal.
That’s why I believe prospecting is one of the fast way for your to build from scratch. That’s true even if you had to outsource it.
The phone is still a great place to catch attention of your ideal prospects.
Here are 4 types of touches and encounters that will increase business net worth over time.
1. Conversations
2. Voicemails
3. Caller IDs
4. Returned calls
In the last minutes of this episode, I started discussing resource management as related to wholesaling real estate.
I started with “Time Vs Money”….
Continue to follow the series by subscribing to the channels and our newsletter.
I promise that this will be the best opportunity for you to learn how it goes down from a hustle and input standpoint.
On this series, I am going to go live and do live prospecting as the gateway to wholesaling real estate.
Wholesaling real estate is basically putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to wholesaling real estate is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
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#myEmpirePRO #OLATuxAbitogun #WholesalingRealEstate
RELATED - wholesaling real estate houses flipping homes house a myempirepro investing max maxwell flip this how to that for profit markbuyshouses reiclub
BLOG POST - http://myempirepro.com/blog/wholesaling-real-estate-prospecting/
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On this series, I am going to go live and do live prospecting as the gateway to wholesaling houses.
Wholesaling houses is basically putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It's your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to wholesaling houses is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #WholesalingHouses
RELATED - wholesaling houses real estate flipping homes house a investing max maxwell flip this how to cold calling live fsbo scripts tips wholesale
BLOG POST - http://myempirepro.com/blog/wholesaling-houses-prospecting/
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I saw a comment on one of Dave Ramsey Show where a guy quoted him to be advising folks to make sure they have $100,000 in disposable cash in order to get into flipping houses and to be ready to lose all of it.
This is not true. It's another half truth half lie.
A lot of regular people who have become very successful in the flipping houses were attracted at a very low financial stand point.
In fact, lots of people make a lot of money, go broke and build another business successfully from flipping houses.
In this context, cash is not king.
Your ability to bring problem solving value to the market is king.
Flipping houses is fundamentally about buying low and selling high.
But due to the fact that real estate are purchased with time lapsing negotiations, it leaves room for opportunity to secure good deals without tying cash down and flipping the equitable in the subject property to investors while making money within the spread.
NO CASH is needed for that process.
What you need is a desire to solve problems and a desire to build a strong business around problem solving.
The good news about all that is that there is zero risk involved in flipping houses as a wholesaler.
The main skill you should focus on is marketing.
You need to learn how to use marketing to attract motivated sellers. You also need to learn how to attract end buyers into a private subscriber base free membership.
With the even playground field available today on the internet, you can build a community that wants good deals and you can build a system that attracts motivated sellers into your funnel.
You can read more about that in my book "Empire Lifestyle Secrets"
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #FlippingHouses
RELATED - flipping houses fix and flip wholesale real estate wholesaling house how to investing this a that homes for profit armando montelongo beginners biggerpockets bigger pockets reiclub investments rei club
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Flipping homes is as simple as helping a home owner who is in distress and making $20,000 in the process but Flipping MLS properties involves this 7 steps and 3 perquisites.
***************************************
3 Prerequisites TO FLIPPING MLS LISTED HOMES
1. A good relationship with the listing realtor to pull this off even if it's 100% legal.
2. $1,000 Earnest Deposit in Your Attorneys Escrow Account
3. Proof of Funds equals to or greater than purchase price.
******************************************************
7 STEPS TO FLIPPING MLS LISTED HOMES
STEP 1 - Do a preliminary digital screening of property with comps
STEP 2 -Call the agent and book an appointment to see
STEP 3 -Go and see the property at scheduled time.
STEP 4 -Create a preliminary repair estimate
STEP 5 -Create your offer in (.65ARV - Repair Estimate)
STEP 6 -Email your offer (Contract, $1,000 Deposit and Proof of funds or Pre-approval letter)
STEP 7 -Wait for response
If offer is accepted, market to your private list of cash buyers at (.75ARV - Repair Estimate)
Collect a non-refundable deposit of $3,000 from the cash buyer with contract.
Facilitate closing using available wholesaling closing strategy recommended in your local market.
NOTE that an end buyer with conventional mortgage financing will create difficulties and restrictions for double or simultaneous closings.
Consult with your local real estate investing friendly attorney at your local REIA.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #FlippingHomes
RELATED - flipping homes real estate investing houses flip this house how to flip,house a that wholesaling for profit reiclub armando montelongo investors investment invest in investments rei club creative
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There is no such thing as a saturated market.
If you've ever done wholesaling real estate business before and claim that the market is saturated, you are just a wussy who quit on self.
The creme always rise to the top.
If you are doing it the right way, all you have to do is beat everyone else at consistency.
Consistency is hard as hell.
I'd agree with you that it's a lot more easier to complain about saturation that it is to make money in wholesaling real estate though. That's make complete sense.
But you can still make even up to $150,000 from one deal if you plug into a system that positions you for consistency.
That's the key.
There are tons of houses out there.
Sean Terry and the other gurus cannot buy them all.
Don't be intimidated about that and don't be a hater.
No matter what market you find yourself, always remember that the top 3% is still the top 3% because they refuse to accept the saturation excuses.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #WholesalingRealEstate
RELATED - wholesaling real estate investing houses max maxwell fix n flip fixer upper flipping investor how to invest in grant cardone for beginners grantcardone make money investment this house tai lopez 101
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When wholesaling houses, imagine encountering a seller who asks you, "when do I get the money?"
A typical homeowner should know that no one gets paid until closing so that makes the question very unrealistic to me.
But anything is possible.
I want to take this opportunity to address the ultimate source of this question. It's lack of confidence on your part as a professional in wholesaling houses.
The quality of the questions and objections you encounter or lack thereof is a product of how you show up.
The first thing and possibly the only thing you really should worry about is coming from a stand point of a problem solver.
That means if you are not solving a problem, you should politely excuse yourself from the situation as you don't have the upper hand.
You will come off as needy, begging and with very low attraction to the idea of working with you in any capacity.
How do you avoid these types of questions while making bank and BIG PROFITS?
It's by having choices and abundance in leads, potential clients and sellers to work with.
The best way to do that is to master the skills of driving and converting massive online traffic-something I cover in details in my book "Empire Lifestyle".
In that position of abundance, you will handle questions and objections with more grace and confidence.
WATCH THIS VIDEO FOR A MORE ELABORATE EXPLANATION OF HOW THIS WORKS.
Click this link to make a donation to support my work:
►►► http://olatux.com/donate
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
Follow OLA Online Here:
Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/iTuxB
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB
PODCAST
iTunes :|: http://apple.co/2ktmxnn
Stitcher Radio :|: http://bit.ly/2j56O1N
MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q
WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com
#myEmpirePRO #OLATuxAbitogun #WholesalingHouses
RELATED - wholesaling houses real estate investing flipping max maxwell investor how to invest in grant cardone tai lopez money for beginners make investment 101 biggerpockets flip bigger pockets house wholesale
BLOG POST - http://myempirepro.com/blog/wholesaling-houses-money/