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EMPIRE LIFESTYLE

Ola "Mr Tux" Abitogun is the Creator of myEmpirePRO. We talk about real estate, wholesaling houses, entrepreneurship, building empires and more. He is a computer engineering and engineering management graduate from New Jersey Institute of Technology; class of 2004/5. He was born in Dallas Texas and raised in Nigeria. 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. Ola is personally responsible for $3+ Million in revenue within his first 24 months and continues to shatter through caps since. He has also been personally involved in helping 1,000+ entrepreneurs around the world. FREE PDF Download: Empire Lifestyle Secrets http://myEmpirePRO.com
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Now displaying: Page 1
Apr 13, 2018

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
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PODCAST
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WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com

#myEmpirePRO #OLATuxAbitogun #flippinghouses

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