Has anyone heard of "Micro-Flipping?"

Question

Has anyone heard of "Micro-Flipping?"  Can someone explain this, please?

Jonathan Greene · Answer

I don't think of micro-flipping as speed wholesaling although that may be what most do. To me, micro-flipping is what I call lipstick flips. They are undervalued small houses or condos that don't need a lot of work, but too much work for a new person and not enough for a contractor to make what they want. These are ideal for AirBnb glow up renovations.

A lipstick flip is just one that needs minor cosmetic adjustments to get back on the market. When I started in real estate I usd to find a community with multiple units for sale in the same area. I would buy the lowest priced one, add new carpet and paint everwhere, maybe a couple small upgrades on cabinet handles or appliances and then put it back on the market and make 20k before the other units even sold.

Theresa Harris · Answer

From what Jendayi wrote, it sounds like another word for wholesaling.

Steve McDougal · Answer

I’ve seen several businesses promoting a form of micro flipping. Speed flipping. I think we all try to move deals fast. Anyone serious will have or be building a buyers list. Micro flipping I know is being a middle man to a deal. You source a deal from other wholesalers convince them to let you sell it with a short inspection period. Then you either sell it through your list or find another wholesaler that is strong at disposition. Boom. No money to find the deal and make a small commission. Sometimes not so small. Some would call this a JV deal but you try to use a regular purchase agreement or  tie up with a exclusive or non exclusive contract. So you get the rights to market. You could do a JV contract though. Interesting concept that some have mastered.

Jendayi Brandon · Answer

@Johnathan Green - Micro-flipping is indeed "fast wholesaling". You get properties under contract and sale to a flipper without doing any of the work.

Jeremy J. Swanson · Answer

Speed wholesaling.......

May be hard to gain traction due to mega ibuyers (Zillow, Redfin, Opendoor, etc...) already mastering this strategy. To me its the same as a mom & pop grocery store competing with Wal-mart.

Jendayi Brandon · Answer

Hi Brenda,

Mico flipping popped up on my phone as I researched "hard money lenders". Found this info online at connectedinvestors.com...

To sum it up, Micro-flipping is fast, frictionless property flipping that is only possible with access to certain data sets.

The ‘micro’ in micro-flipping refers to the speed at which properties can be resold for a profit. A well organized micro flipper will already have buyers lined up so that they are effectively pre-sold when you contract new ones. Ideally you are in, out and paid less than a week and with less than a handful of hours invested in the deal.

The Keys To Successful Micro Flipping

• Getting access to the data
• Contacting the sellers
• Shifting them to the plentiful pool of buyers out there right now
• Keeping up your momentum

I think these guys are trying to sell a class or something but here is the link to the blog: https://connectedinvestors.com/blog/micro-flipping/

Has anyone heard of "Micro-Flipping?"

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