Evaluating a potential Flip - Investment Property - With Experienced Investor - Will Motivation

Ok so I'm not a Billionaire, yet, but the title sounded good haha. Enjoy the video where I head out on a Sunday morning to check out a few potential rental properties. We walk thru one of them which is a potential Flip as it doesn't quite meet my desired numbers for a rental property but would make for a decent flip. I don't personally invest in a property if I can't net at least $15,000 in profit for a flip, or $500/month net profit from a rental. This leaves room for those unknown expenses that can eat into your budget.

1. Wake up from sleeping in on a Sunday and get your grind on...
2. Go look at potential real estate investments.
3. Take notes on all of the repairs that will need to be made to each property.
4. Estimate cost of repairs, and then add in budget for stuff you didn't catch (plumbing, hvac, etc)
5. Estimate cost of enhancements (Granite, hardwood floors, etc)
6. Estimate what you can sell the house for (be conservative)
7. Place a 'no lose' bid on the property.
8. Wait to see if you got it, but keep looking at more properties in case you didn't get it.

Typically using banks to finance investor deals, you need to have a minimum of 20% of the purchase price for your down payment, which can be from cash you have saved up, or from equity in another property, or money from sources other than the bank you use to finance the deal...

My team has made anywhere from $18,000 to $60,000 on different flips we have done. So far we have flipped about 12 properties and currently lease about 20 properties.

Many people asked how I got started in real estate and I have been recommending this book:
http://amzn.to/2ledYwF

Also please subscribe to my channel if you like this and want to see more! To Purchase The Millionaire Real Estate Investor book goto: https://www.amazon.com/gp/product/00714463...