Knowing how to evaluate a house to flip is the area so many get wrong which why they end up losing tens of thousands of dollars.
❌ Many use the 70% formula and think that’s enough…
❌ But what if the 70% formula is being used with the WORNG NUMBERS?!
In this episode, I’ll be covering the mistakes we have made and the 7️⃣ Steps to KNOW to make sure you’re buying the RIGHT house at the RIGHT price to make money.
📢 This is part of a series I'm doing on Flipping Houses The Right Way 2021 which you can watch here 👉 https://youtube.com/playlist?list=PLbXAgMZh_Hr7QpkQx4nNpUUbL9wScFNym
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ANNOUNCEMENTS: 📢
🚨 🎁You can now TEXT "FLIP" to 210-794-9898 to get insider tips and real-time information 📋
🚨 If you live in San Antonio make sure to text 🏡 👉 “Property Tour” to 📱 210-794-9898 📱 to join us whenever we walk our properties. 🏡
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⏰⏰ TIME CODES ⏰⏰
0:00 🚀How To Evaluate A House For A Flip
3:23 🔑 Emotions are NOT helpful when flipping houses
4:06 🔑 What you NEED to Succeed when you flip a house
7:42 🔑 How to evaluate a house to flip the right way
8:00 🎯 To flip a house you MUST Know YOUR market
12:41 🎯 Know the TRUE repairs
15:41 🎯 Know YOUR timeline
21:28 🎯 Know YOUR buyers
23:26 🎯 Know YOUR financing
25:44 🎯 Know YOUR profit vs. risk
29:18 🎯 Know YOUR numbers
35:11 🚀 BONUS TIP
📽 ✂ Video editing is done by https://www.instagram.com/directordreday/
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⭐ Here's more on how to invest in real estate: ⭐
🚀 Wholesaling Houses Jumpstart Video Series [FREE] http://wholesalingtherightway.com/
🚀 Don't know what's next? Schedule a Discovery Call with the Johns! https://courses.prymeacademy.com/StrategySession
🚨 Don't miss Coffee With The Johns LIVE every Friday morning at 8 am https://youtu.be/5FSZRB59BKw
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★☆★ Related Episodes 📺★☆★
🏘️ The Beginners Guide for Flipping Houses 2021
🔍 How to run Comps On A House
🛠️ Before You Partner With A Contractor
🔑 5 Keys on How To Create A Scope Of Work When Flipping Houses
🤑 Is Flipping Houses Still Profitable 2021
💪 5 Keys on How To Create A Scope Of Work When Flipping Houses
👀 Flipping Houses Vs Brrrr Strategy When Buying Houses
⚡ Before You Quit Your Job For Real Estate Investing, Watch This!
https://youtu.be/8SNPMHOyeAU
🤝 How To Work With An Inexperienced Real Estate Agent When Flipping Houses
https://youtu.be/jqCCxBp_e2A
🔑You Must Get Your Real Estate License
https://youtu.be/MxC7ibbDgJ4
💰 How to Find Private Money Lenders for Real Estate Investing in 2021
https://youtu.be/eFXluQL-IdE
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📲📞📧 CONNECT WITH US ANYTIME 📧📞📲
http://www.AnInvestorsJourney.com
https://www.facebook.com/aninvestorsjourney
https://www.instagram.com/aninvestorsjourney
TEXT: (210) 794-9898
#flippinghouses #flipahouse #realestateinvestingtips #aninvestorsjourney
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DISCLAIMERS:
Please always check with a professional before making any moves with your money. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional!
Affiliate Disclaimer: These descriptions usually contain affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you. I never endorse products that I have not personally used myself or not found to be beneficial in my life.
If you've read this far just comment “Real Estate Investing The Right Way” and have an awesome day! 😉
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Any questions, email jon@prymehomes.com