All Forum Posts by: Account Closed
Account Closed has started 1 posts and replied 214 times.
Post: How would you Net $1,000,000 flipping in 12 months?
- Posts 217
- Votes 190
This website hasn't changed in years. "How do I make 1 million flipping in 12 months".
For that, you'd need to be a professional, and if you were, you wouldn't be asking.
@Meredith Von Kleydorff Hi there. So a couple questions I usually have when I run across people from companies like yours, (Networth Realty). I see that you are new there, 2 months, but maybe you can help me.
First question, I know two people with flipping crews, one has completed over 100 houses in SE Mich in the last 3 years, and they both tell me they never use services like yours to find inventory. They explained why to me, but maybe you can explain it from your end.
Secondly, stands the obvious hiding in plain sight. If you can really source all those great deals, why don't you just simply hire the people to crew up and rehab them yourselves for profit. This was also mentioned to me by the 2 guys who own flipping companies. Hardest part is actually sourcing the deals, not getting the work done.
Thanks
Originally posted by @Nick C.:
Dozens of offers with institutional type sellers is not going to bear any fruit. Your best bet when buying from wholesalers is to get something from them early on in their journey. If one is easy to find they likely already have a big buyers list and have figured out it’s way more lucrative fleecing new wannabe house flippers with bad deals than finding and selling good deals.
This is called being treated to the truth
One thing, after you get it working remember to consider those calcs as "back of the envelope". They aren't comprehensive enough to do the full, custom analysis you will really need to break down everything.