If you missed the first two, here they are:
$140,874 Profit - Student Deal Highlight
$13,000 Profit - Student Deal Highlight
Profit
The student made $26,000 on this deal. He contracted the property for $115,000 and he sold it for $141,000. He didn’t have to come up with $115,000 to buy the property or go into any kind of debt to do this deal. I mention this each time because most people assume that to “flip” houses, you have to have lots of money or access to lots of debt. That’s a myth.
List
The student found this deal using a list given to him by one of his cash buyers. His buyer had a list of leads that he had pursued before but had never panned out. He told the student that he could send marketing to this list again if he wanted to see if he could find any additional deals.
Channel
Texting.
The student contacted the seller with a text asking if he’d be interested in selling the property. This deal he was able to get under contract was actually 4 hours away from his house, so he never met the seller or buyer in person through this entire process. Since the house was quite far from him, he reached out to local buyers in that area to secure his end buyer for the deal.
Timeline
The student made the first contact with the owner of this particular house on Feb 15th. He put it under contract on Feb 26th after a few weeks of communicating with the seller. Then he finally closed on the property with the end buyer April 4th.
Cost
Since the marketing list was given to this student by one of his buyers, there was no cost there. The only cost he would’ve had was looking up this particular seller & sending them a text message.
Takeaway
The student said, “I never once stepped foot into the home nor met the owner. Just texted and talked on the phone. They also sent me pictures so I could see condition. This one felt like an easier one in the sense that negotiations were simple, they gave a low enough number that I took it and ran with it!”
The student found a seller that wanted the service he was offering — speed & convenience in selling his home. He gave the student a price that the student was able to make work & he closed this deal virtually without ever visiting the city where the property was located. This deal shows how flipping real estate can even be done “virtually” so that you can pursue deals in any market in the country, regardless of where you live.
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If you’re interested in learning more about the Flip Hacking Course & Mastermind, click here to learn more & read more testimonials of our students who have had success in this business.
