House Flipping 101: Investing with No Money

real estate investing flipping houses

DEPOSIT NAME
Real estate investing flipping houses
CATEGORY
Cash
POPULARITY
65/100

Description

Private money lenders could be just about anyone you meet or know. Private investors are just regular people like you and me who have retirement accounts or disposable income reserves that they are looking to invest. It can take months to find and buy the right property. Once you own the house, you'll need to invest time to fix it up. Before you can sell it, you'll need to schedule inspections to make sure the property complies with applicable building codes. If it doesn't, you need to spend more time and money to bring it up to par. Next, you'll need to invest time to sell the property. They have the knowledge, skills, and experience to find and fix a house. That is the after repaired value or ARV. Because of reasons such as death, deferred maintenance, divorce, foreclosure or taxes, you are able to buy it for $75,000. In this case we’ll say $20K in deferred maintenance is the reason for the low price. You now purchase the property for $75,000, put $20,000 into rehab and have about $5000 in holding and closing costs. Take your average 40 unit apartment complex or 20 single family homes. It is earned income so it is taxed differently. First you have to pay both sides of the social security and Medicare. That is about 15% right there. I must go with investor because you can sit and watch your income comes into your hands. Phil energetically and passionately shares the secrets he has learned from being a part of more than 1,000 real estate deals over the past decade. Plus, as a special bonus, you'll receive a FREE copy of his best selling book, "How to be a Real Estate Investor" as soon as you enroll. He frequently shares the stage with other legendary wealth experts such as Robert Kiyosaki, Robert Shemin and Al Lowry. Having been a part of more than 1,000 real estate investments himself, Phil is considered one of the most experienced investors alive. And for nearly a decade, Phil has been guiding everyday people to financial freedom through his innovative and creative real estate investing techniques and strategies.