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Home > EMPIRE LIFESTYLE > Flipping Houses for Dummies


	Podcast:		EMPIRE LIFESTYLE
	Episode:		Flipping Houses for Dummies
	Category:		Business
	Duration:		00:43:56
	Publish Date:		2018-04-13 18:31:29
	Description:		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/
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