Tentmaking Tips

If you missed the first five, here they are:

$140,874 Profit - Student Deal Highlight

$13,000 Profit - Student Deal Highlight

$26,000 Profit - Student Deal Highlight

$23,637 Profit - Student Deal Highlight

$50,000 Profit - Student Deal Highlight

For today’s Student Deal Highlight, I’m going to let the student share it in his own words.

This is a student who has been through our Flip Hacking Course and also our Flip Hacking Freedom program for students who have done 5+ deals.

Here’s the story in the words of the student:

We are calling our last deal the Duolingo deal.

I started learning Spanish everyday 713 days ago to reach our local mission field better. Who knew it would also net us a big deal.

We had texted the seller last fall about 10 times

If you missed the first four, here they are:

$140,874 Profit - Student Deal Highlight

$13,000 Profit - Student Deal Highlight

$26,000 Profit - Student Deal Highlight

$23,637 Profit - Student Deal Highlight

Profit

The student in today’s deal highlight made $50,000 on this particular deal. He put a 5-property package under contract for $390,000. This basically means that one seller had 5 properties he wanted to sell & sold them all to the student as a group. Then the student sold the property package to an investor for $449,000. The student agreed to pay almost $9,000 in back taxes for the seller out of his profit and he also had closing costs to pay. The final amount the student earned was $50,000.

List

The student found this deal by marketing to a “

I tell them I’m glad to help. Then, I direct them to the free resources we offer like:

• Our weekly Tentmaking Tips newsletter

• Daily tweets/threads about earning extra income

• Step-by-step guides to earning thousands in extra income and free vacations

But it’s usually the case that they want to pay extra for additional courses & coaching.

I tell them about some of our paid products and then share the ways they can get those free as well.

After all, if I’m teaching hacks to get free travel or live nearly free, shouldn’t I give hacks for getting my paid content for free? Ha!

Here are the ways I tell them they can get any or all of our courses for free (and you could too):

1. Follow my step-by-step guide to earn an extra $1,200 quickly and apply that to any or all of the courses

2. Refer 3 friends to any course and get all of the course cost refunded to you
...

Some of the common misconceptions of getting stated in real estate are:

• I need to go into lots of debt

• I need to understand the real estate market

• I need to be able to understand the inner workings of complicated contracts

• I need to be good at construction

• I need to be good at decorating

• I need to have a lot of money

These are misconceptions that keep many people from getting started in real estate.

I’d like to use this newsletter to give you 6 simple ways to get started in real estate (in no particular order):

1. Buy a fixer upper & update it while you live there

   We’ve done this many times and made a significant profit when we sold. And I’m not handy at all. We hired everything out. What’s great is that if you live there at least 2 years, the profit is tax free up to a certain amount. We call these “live-in flips.”

2. Airbnb something on your own property

   There are so many ways to make money on Airbnb using yo

   ...

If you missed the first three, here they are:

$140,874 Profit - Student Deal Highlight

$13,000 Profit - Student Deal Highlight

$26,000 Profit - Student Deal Highlight

Profit

The student in today’s deal highlight made $23,637 on this particular deal (after closing costs). He contracted the property for $92,000 and he sold it for $118,200. He listed the property for $99,000, received 8 offers, and accepted the one for $19,200 above his list price. He didn’t have to come up with $92,000 to buy the property or go into any kind of debt to do this deal. People often assume you need a lot of money or debt to flip houses, but not with a “quick flip.”

List

The student found this deal through a list of Absentee Owners. These are people who own a home but don’t live there. It

2 years and 9 months later, I asked for the last reduction all the way down to $0.

I was off the payroll and it was a dream come true!

You’re probably thinking, “Are you crazy?”

Haha. Yes, a little.

Our church was doing fine financially during those years. The elders were glad to continue paying me full-time. Other staff continued to get paid full-time.

But, in the Feb 2017 email, I gave the elders 2 reasons I wanted to come off the payroll. It was a long e-mail, but I’ll share a little of what I wrote to them here:

1. “We are beginning to cast the vision for ordinary men & women to start making disciples & planting churches themselves. You heard me talking about this in our Meltdown series (Part 1, Part 2, Part 3) & you also saw this vision that I shared with ou...

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 an

I shared the first Student Deal Highlight a few months ago & it was quite large & unusual — a $140,874 profit. You can read more about it here.

Today I want to share with you another Student Deal Highlight in a typical profit range for deals done by our students.

After doing his first deal, this student said, “I learned in December about what Chris was doing to help pastors and missionaries create income streams for support. Having, myself, been in ministry for 45 years and being of kindred heart to do the same for ministers, I decided to take the course and give it a go. In a little more than 90 days since being introduced to the process, my first deal yielded $13,000 profit.”

Here are the details on his first deal.

Profit

He contracted the property for $95,000 (didn’t have to use his

I want to start with a crazy one because it highlights the potential of real estate.

Let me give a disclaimer right here at the beginning.

Most deals among our students are not this big. Most students average deal size would be somewhere between $5,000-$20,000 (which is still really good, especially if you do one or a few each month). Several students have had six figure deals like the one I’m highlighting today, but it’s more uncommon. Still, it’s fun to hear the stories when they happen.

This student joined the Flip Hacking Course & Mastermind when he was overseas as a missionary. He was wanting to generate extra income to eventually replace the money he had raised to go overseas.

Here are the details:

Profit

He made $140,874 on this deal! Wow!

The whole Flip Hacking Community was ch

Longer Answer:

Retail real estate and investment real estate are two different businesses.

In retail real estate, you are representing clients who are buying or selling houses.

In investment real estate, you are buying and selling houses for yourself for some investment purpose.

In retail real estate, you need a license because the state regulates the industry to ensure you are a qualified fiduciary for your client.

In investment real estate, since you are working for yourself, your activity isn’t regulated in the same way.

Getting a real estate license is typically for the purposes of engaging in the retail real estate business.

Quick Flipping is buying and selling houses yourself for a profit which is the investment real estate business.

The reason I’m making these distinctions is two-fold:

1. Sellers who are selling you a distressed, off-market property at a discount are usually looking for an inve