Updated over 8 years ago on . Most recent reply
$38,000 In 48 Hours!
I have been involved in some great flips lately, but I love the strategy of doing as little as possible and then selling to another flipper who is willing to flip on lower margins. I recently purchased a flip, put in less than $200 and sold it 48 hours later for cash, and made a $38,000 profit!
I had actually wanted to flip this one, but another project came up and I needed the money quickly. I put out the word to my investor friends, and someone came in almost immediately and picked it up.
If I could only do that every week!
Most Popular Reply
@William Brown I did actually buy it and close escrow, so that helped a lot. I find that people pay more for a home when it is owned by the seller, and not a wholesale deal. Flippers smell blood in the water when a property is being wholesaled, because they know there is a clock ticking. When I own the property, they know I could care less. If they don't buy it, I will just do the work and flip it myself.