AboutFull time RE investor for 6.5 years

Purchased close to 300 homes

Currently Flipping close to 100 a year

HouseFlippingHQ.com# 1 resource for House Flipping

Teach the step by step process to building a house flipping business

Blog launches on Sept 25th

Podcast launches Mid Oct.

HouseFlippingHQ.com/CVREIA

The 6 Techniques We Have Used in the

Past 2 Years to

Purchase 200 Properties!

My Real Estate Investing Journey…

May of 2007

U Can Win This Car!!!

NOT!!!

It’s a Jungle Out There!!!

•Spent about $40k first 2 years!

Overtime met right people and were able to eventually navigate our way through the RE Jungle!

How I Became A House Flipping Machine!

First 3 years focused on flipping (Mainly Wholesaling)

Avg 1-2 deals a month

October of 2010 started buying rentals

October 2010 - February 20011 (12 rentals)

October 2010 - february 2011 (12 rentals)

Creating a House Flipping

Machine!!!

Power of Systems and Leverage!!!

•2007-2010 40-50 houses total

•2011 Purchased 60 Homes

•2012 -2013 Almost 200 homes!

4 Pillars of a House Flipping Business

Buying

Financing

Rehabbing

Selling

Buying (6 methods)

Auctions (Trustee Sale Document)

Listed/Agent Relationships (Training Document)

Direct Marketing

Other InvestorsNOTE: Deal analysis is KEY!!!

Financing12% Private Money

Hard Money

Equity Partners

Rehabbing2-3 GC’s

Price List/Same Materials (PDF)

Agents

Vanessa Oversees

Sales and Closings

Agents/Vanessa-List on MLS

Sometimes wholesale

Business Plan

Don’t Overcomplicate Things!!!

Goal-What do you want to achieve?

Plan/System-How will you make that happen?

Business PlanGoal-Make 10k a month (120 a year)

Plan-Wholesale 2 Houses a Month or retail 3-6 a year

System-How will you go about doing that?

Work with an agent to get 1 a month

Send out 250 post cards a week to get 1 a month.

Pay someone $10 an hour 20 hrs a week to get 1 a month

Work with wholesaler to get 1 a month

Mindset!!!

PersistentFocusedExpect ProblemsAdapt Quickly

HouseFlippingHQ.com/cvreia

Info@HouseFlippingHQ.com

DEAL PROFILE

24

Sept. 5, 2013

Estellita

Presented by:

Justin Williams

HouseFlippingHQ.comInfo@HouseFlippingHQ.com

Details

25

Home in Rancho Mirage on Estellita 3/3, 2,997 sq ft., 1981 built Purchased From a Wholesaler for $370 with $8,000 fee

(he also got a commission)-Total $378,00 He got it from a direct seller who had it listed for

$499,000

Financing

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Financing Details• Hard Money Loan($500,000)

• $370,000 loan for purchase, Holdback of $130,000 for rehab cost.

• $5000 month X 5 months ($30,000)

• 12% Interest / 2 Points ($10,000)

• Buyer Paid All Escrow & Title Fees, Taxes & Warranty ($2500)

TOTAL PAID = $42,500

“Before” Pictures

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Rehabbing Pictures

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Required Rehab & CostsItem Cost Notes

Pool $28,000

Cabinets - (Kitchen/Bathroom) $7,750

Granite - (Kitchen/Bathroom) $4,200

Tile (Flooring/Bathroom Walls) $25,000

Drywall $6,500

Paint(Inside/Outside) $6,500

HVAC $1,600

Landscaping $12,500

Electrical $4,150

Plumbing $3,600

Windows/Screens $10,000

Fixtures/Hardware $4,500

Appliances $4,000

Miscellaneous / Other $45700

Total $167,000

$167,000 in Rehab!

Before & After Pictures

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Before & After Pictures

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Before & After Pictures

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Before & After Pictures

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Before & After Pictures

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Before & After Pictures (duplicate slide as needed)

35

Financial Summary

36

Total Cash Investment-$584,500 Holding and closing costs $82,000 Sold for $682,500 Deal Profit: $98,500 18% ROI 43% Annualized Out of pocket expense $45,000 Actual Profit: Total Profit $56,000 ROI 124%

301% annualized!

HouseFlippingHQ.com/cvreia

Info@HouseFlippingHQ.com