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Download presentation file from:
connectrei.com/resources
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The information in this presentation and the programs they present are for general informational purposes only.
They do not provide legal, business, financial or personal advice related to individual situations and should not
be relied on as such. The educators and presenters of the information and others involved have taken reasonable
precautions in the preparation of the information and believe that what is presented is accurate as of the date it is
written and presented. However, they do not guarantee or warrant that it is accurate, complete, up-to-date or will
produce certain financial results. Further, they assume no responsibility for any errors or omissions and disclaim
any liability resulting from the use or application of this information. All of it is general in nature and may not
apply to particular factual or legal circumstances. Laws and procedures, particularly those relating to real estate,
change from country to country, state to state and county to county, and are subject to differing interpretations.
The information is not intended to substitute for obtaining legal advice from competent, independent legal
counsel in the relevant jurisdiction. If you want legal advice, please consult a lawyer. The presentations are not
intended to create and your use of the information presented does not constitute a business or lawyer-client
relationship between you and the presenter, the authors of the information and others involved with the
information. This information is not a substitute for sound business and legal judgment, and you should
not act upon any of it without first confirming that it is appropriate for your situation.
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Remote Flips:
Auction
Open Market
Case Studies
Q & A4
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connectrei.com/video
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»Before:R˃eview List
D˃rive by
A˃djust list and numbers
G˃et ready to auction
»Auction Day
»After 7
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»RisksN˃o Inspection
N˃o title insurance
T˃ile issues
»BenefitsT˃he lowest price point
M˃argin for high profits
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» Purchase date 9/4/2012
» purchase price $72,000
» Renov. costs $20,000/$12,000
» Total investment $104,000
» Selling price $129,900
» Listing date 10/27/12
» Offer date 10/28/12 (less then 24 hours)
» Offer: $129,900
» Closing date 11/27/12
» Duration ~3 moths
» Profit ~$19,000
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4 / 2.5 | 2,596 Sq. Ft. | 1989 Built | 2 Car Garage | Pool
Purchased: 10/2/12 @ $146,000
Rehab: $15,000
Total investment: $161,000
For sale: 11/2/12 (30 days) @ $209,900
Market Value: $216, 600
Rent: $1,900
Estimated Profit: $38,500
Estimated duration: 4 months
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Option 1 Option 2Purchase price $81,601 $81,601 Rehab $20,000 $-
Total expenses $101,601 $81,601
Sell at $130,000 $107,000 Closing costs (agent fee+title+taxes) $8,200 $7,280
Total revenue $121,800 $99,720
Total profit $20,199 $18,119
Local Team profit share (40%) $8,080 $7,247.60 SDI profit share (20%) $4,039.80 $3,623.80 **Investors profit share (40%) $8,079.60 $7,247.60 **Investors cash on cash 16% 18%**Estimated duration 4 months 1 month**Annual 48% 213%Purchase Date 11/6/12 11/6/12Selling Date 3/1/13 12/1/12
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»Purchase Methods:A˃uction
O˃pen Market (cash or financing)
»Investment options:O˃ption 1 – buy individually
O˃ption 2 – join a flip group
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»Ways to mitigate risk
»Ways to diverse risks
»Timeline: Next auctions 12/4 & 1/1
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Group
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FREEONE ON ONE STRATEGY SESSION
(in-person | phone | Skype)
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REGISTER
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Step 1 – Defining Your Strategy• Where to invest• What’s right for you• Obstacles elimination• Getting ready – financially• Getting ready – mentally
Step 2 – Finding a Property• Working with local team• Evaluating & analyzing deals• Making offers & negotiation• Completing purchase
Step 3 – Rent / Flip
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Dallas
Atlanta
Orlando
Simply Do It Network
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Markets & Programs Dallas Orlando Atlanta
Rental
Flips
Local Teams:
Agent
Property Manager
Rehab team