Flipping Houses for Quick Cash
…$20,000 paydays, several times a month, is normal,
…you can realistically earn a full-time income with part- time effort,
…you can finally break free from the burden of working for someone else,
…and experience the great relief that comes with achieving total financial freedom,
I have bought and sold about 350 houses in about 8 years. I have done everything from wholesaling, to retailing, to creating and selling paper, to being a landlord.
I have made countless mistakes and I intend to show you how to avoid making the same ones. The experiences that I will be discussing are real live experiences.
I have personally tested or experienced everything that you will read or learn, and I will provide you with as many details as I can recollect.
Dear Friend,
My desire to invest in real estate had been burning for many years.
At the age of 19, I started buying books on the subject of real estate investing. What particularly intrigued me was the idea of doing deals without any of my own money…
I was very qualified for this.
I began to look for opportunities. Sure enough, at the age of 21, I bought my first piece of real estate with no money down!
But there was one problem. It was a restaurant, and along with the real estate I had bought a job.
Of course, I didn’t realize it at the time, and I felt proud of my accomplishment, happily going to work every single day. The happiness dissipated after 6 months of working 80 to 90-hour weeks.
I began to hate the place and was glad to sell out after another two months.
I must be hardhead
ed because I didn’t learn my lesson. A few years later, I bought another piece of real estate with no money down at the age of 25. This time it was a $540,000 restaurant. Once again, I had purchased a job with my new investment, but this one was much better! I only needed to work 80 hours each week. How exciting!
After almost two years I was tired of the whole mess and unloaded my restaurant to anyone who would buy it, taking a big loss. However, this time I realized that my “investments” weren’t remotely close to investments.
So, in the fall of 1997, I got a job and started over again. Having a steady paycheck and relieving myself of the day-to-day drudgery of running the restaurant was a very welcome relief… or so I thought.
…report to someone else and ask for my paycheck every week. The hours that I worked weren’t much better than when I owned my restaurant, and the financial burden that was bestowed upon me from the short sale of my restaurant ate up every dime over and above what it took to pay my necessary bills.
On top of everything else, my precarious financial situation continued to worsen as creditors from my restaurant began to track me down.
I felt a need to honor all of the obligations that I had personally guaranteed, so I worked out payment plans with all of my creditors. Though this provided some relief, by the time I came to terms with everyone, I didn’t have enough left at the end of each month to make ends meet.
My entire life was taking a turn for the worse, but I wasn’t quite sure what to do. I knew only two things–I had to do something and…
Since the very first step to becoming or improving as a real estate investor is getting an education, I began seeking information. While it is true that I had a basic knowledge of no money down investing, there was a lot more to learn, including the 
mechanics of the various types of investing.
However, one major obstacle stood in my way…
I had no money.
I Googled “real estate investing” and “no money down”. I discovered different real estate investing websites and they were nothing short of incredible.
I read everything, and printed every single article and success story as well as countless forum posts. I compiled all of this information into a binder and read it whenever I had free time. I studied that binder until I knew the techniques like the back of my hand. I participated on the news groups day in and day out. I asked hundreds of questions. At some point, I was so well versed in the techniques that I could answer other people’s questions.
…I had never done a deal. It is sad, but there were many people in the same shoes as me. We possessed all the knowledge to get started, but we also possessed fear. This fear was so overwhelming that it paralyzed me – and prevented me from taking action.
One day, a very personal experience lit a fire under me which was more important than my fear, and I went for broke. That fire, for which I will be forever thankful, changed my life forever.
I started out as a Bird Dog. Meaning – My first few deals were deals that I found specifically for one investor. My agreement with him was that he would pay me $1,000 for each home I found that he bought.
I would go out and look at dozens of homes per day. I stayed on top of the market and whenever I found a home that I could buy cheaply, I took it to this investor. In most cases, he made an offer and signed the contract. He cut me a check as soon as the offer was accepted.
We did 7 deals in two months.
I put a little money in the bank, found a hard money lender, and became comfortable submitting my own offers. The first deal that I wholesaled on my own the following month netted me $7,000.
Within my first 3 months, I had made $23,000. Not too bad for a beginner. What I did, though, wasn’t the result of some special talent or gift. With some time and effort, you can do it too.
It is not fixing up houses. It is not land lording. It IS a way to seriously limit your risk without limiting your income potential. As a “Wholesaler”, you’re basically a “middle-man” who makes a fast profit and benefits everybody involved. You find the deal, sign it up, then flip it quickly “as is” to another eager buyer, collecting a nice check in the middle.
Simply put, Wholesaling is finding a bargain property and passing it on to a bargain hunter. Although your bargain hunter may be a “retail” buyer, it’s typically another investor who will either fix it up and resell it for profit, or buy-and-hold it for rental income.
If you’re going to survive in the real estate investing business for any length of time, you absolutely must have a steady stream of cash flowing in. And you need a predictable, time-tested, “rinse and repeat” method of generating that cash on a monthly basis.
Wholesaling houses provides you with that consistent cash infusion to support your business every single month.
I know of no other business that’s so easy to get started in (even with no money and bad credit) that can produce so much cash with such a small requirement of effort and time.
Make no mistake – it still takes work on your part. But the RETURN available to you for the amount of work and time required is extremely in your favor.
All you need is a burning desire to succeed, a willingness to step out and get educated, and then the ability to act on what you’ve learned.
If you’re just breaking into the real estate business, you should know that it’s easier to get a foot in the door here than anywhere else.
Easier in every sense of the word: little or no money required; no experience; no special contacts; not even credit. The financial and time obligations required on your part are far less than other forms of real estate investment.
Honestly, I don’t work that hard to do it.
I don’t like working that hard. I like spending time with my family and being involved in my church.
I realize this may be hard to relate to. But I’m able to live a very good lifestyle – one that most people would envy – working only part-time hours.
Could I make a lot more money if I were willing to put in “full time” hours? Sure I could.
But frankly I’m not doing this for the money – I’m doing it for the LIFE I want to live. And the truth is, with the profits I can make wholesaling houses, I can live the life I want to live just fine with only 2-3 wholesale deals a month.
Now, you may want to put in more hours than I do, and make even more money doing it. But that’s your decision.
Over the last twelve years, I’ve bought and sold hundreds and hundreds of properties, but it all started with no money in my pocket and no experience wholesaling houses. Since then, I’ve helped hundreds of people realize their dreams of quickly increasing their incomes and building independent lifestyles.
because I’m not trying to brag, but I want you to know that what I’m going to tell you about works in the real world—it’s not just theory. Since I started wholesaling houses for a living, I’ve done hundreds of profitable deals and made millions of dollars. I’ve done it working fewer hours than most anyone else I know.
…and I’ve never looked back.
Don’t get me wrong, I made my share of mistakes along the way. In fact, since I had no formal education, I consider my first two years in the business to basically have been one big learning curve.
But I made it through, learned some important lessons, and within my third year in the business, I became financially free.
Today, I am incredibly blessed with an income and lifestyle that most people only dream of. And I’d like to offer you the opportunity to walk down a similar road – but NOT the exact same one.
In fact, your path to success can be much shorter than mine.
You see, I’m really nothing special. I don’t have special skills or magical powers that let me do highly profitable real estate deals. I’m not super smart. I just took what I learned and applied it.
And you can learn how to accomplish exactly what I have accomplished. You can follow in my footsteps. And what’s even better is that you can do it in less time than it took me. You just need something to guide you.
I’m extremely proud to be able to offer you access to my knowledge and experiences in the wholesaling business.
This work has been a labor of love of more than a decade for me, and represents what I believe to be THE SINGLE BEST GUIDE in the industry to making fast cash flipping houses, without dealing with tenants, doing any repairs, managing contractors or any of the typical headaches associated with real estate.
How it all started…
After my first couple of years doing profitable deals, I found myself in the unique position of being able to help other people who wanted to do the same thing I was doing but hadn’t yet had some of my experiences.
I discovered a passion and a natural love for teaching people and for helping others in this business.
The problem is that after a while, I found myself answering the same questions over and over.
I loved doing it, but as a matter of practicality, I decided I had to put together some kind of written resource I could offer people that would spell out, in precise detail, everything I had learned about the wholesaling business up to that point.
So I sat down and thought about all of the experiences I’ve had in my career to date…the mistakes and the home-runs, lessons learned the hard way and revelations that skyrocketed my income. And then I thought about what it was like when I was just starting out.
I asked myself…
“What information would have been the most helpful to me then? Which mistakes could I have avoided, and how could I have started making more money sooner?”
With these thoughts in mind, I set out to put together the comprehensive overview of the business that I wish I would have had when I first started.
My original manual was 219 pages of basically everything I could think of that had contributed to my success in flipping homes up to that point.
To my surprise, the number of folks who wanted this information was far more than I’d anticipated. I guess I struck a chord because suddenly I had to order thousands of these little blue books just to keep up with the surprising demand.
It quickly became known as “the authority” on the topic of wholesaling houses for quick cash.
This means that I can offer you a comprehensive, understandable education on how to earn an exceptional income wholesaling houses that’s now been more than a decade in the making.
I’ve taken painstaking measures to ensure I covered everything you could possibly need as a beginning wholesaler.
Secrets Like:
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By: Dennis R I’ve been working hard at this for a while now and I’m thrilled to share my FIRST success story with all of you! Here are all the details on this wholesale deal that I found on the MLS. Comps: $89k (conservative) Repair: $6600 (the house smelled REALLY BAD and had some masonite damage that one investor really loves to work with which i think discouraged a lot of people) 1st Offer: $29.9k Counter: $35k 2nd Offer: $31.9k – Accepted! Already assigned the contract to an investor for $44k Payday: $12,100.00 ! I didnt do a double close on this, and I was really worried that the investor would look at my assignment fee and be like, Heck no! But he is really cool, he’s a guy that took me under his wing a few months ago.. he said as long as he know’s he can make money from the deal he doesnt care what my payday is, and to go find him some more houses to buy! So he was really cool about it. I’ve submitted about 20 SOLID offers. I had 1 accepted and have 3 more counters that I’m battling out. Not to mention, I’ve visited several properties this week that I’m going to submit offers on. Yes, this is the first.. but I know it won’t be the last. There are so many people here to thank! Everyone who has received private messages from me, you know who you are.. Steve! Shaun M! Tampa Steph, your blog is very encouraging! And everyone else who dedicates unselfishly of their time on this forum. Thanks! DennisFinally! A Success Story – $12.5k Wholesale Deal
Hi gang, I wanted to share with you what we have been up to the last month or so. Its been busy to say the least! I’ll try and give you some solid details. This was an offer I had accepted offer on a HUD property. I started the marketing machine the VERY next day (don’t wait folks). Within 2 weeks we had it sold to owner occupants. We did a double close with them and their local bank. I bought it at 1pm and sold it at 2pm. Homeowners were super happy. 1st time homebuyers. The buyers tried to get me down to 52.5K. I told them that this was a deal at 55K and I had other buyers who wanted but I was giving them first crack (which is true). From this home I got 2 more buyers who want me to find them something. My buyers agreed to the 55K. Good choice While deal #1 was working towards closing I got an accepted offer on a REO. Started to market the house and……oh-oh…….no buyers! Had to close and then was going to put a rent to own in there. But wait……A lady from my REIA called me to talk about one of her houses when I simply mentioned out of the blue about this home. She said that her brother would probably want to buy something like that and he was a cash buyer. Sure enough he came in and closed in 10 days. For a landlord this was an ideal property. For me I really disliked this property. Some basement movement was evident but I didn’t like the city nor really the house. Then why buy it, right? Well….I got over confident and thought it would be an easy sell and it took me a bit longer to sell it. I was EXTREMELY happy to sell this one. Bought and sold within 3 weeks. During deal #2 I saw a very big ranch REO that took a 30K price drop. It went from 79.9K to 49.9K. Now this was in a city that I had never bought anything in and really had no idea what the market was like nor what was moving in that city. Here is what I knew…….that no where could you buy this kinda ranch, in this good of shape (just looking to the pics on the listing), for the price they were asking. The price drop hit in the early am and my agent and I were out there right away. Literally dropped everything and took off. We liked what we saw and decided to go after it. We started marketing right away and had quite a bit of interest. We found a couple who had ZERO credit but absolutely loved the house and our price (heard this one before guys and gals?) They wanted to do a rent to own and I said we had too much interest in the property and that we were looking to sell only. Then…….good ol’ Mom stepped in. She decided to buy the home for them. Gotta love Mom’s When the price hit 49.9K we offered them 43.5K with a 1.5K deposit. They didn’t even counter us! They just took it. My kinda bank Mom used a local bank for financing. We bought it and sold it within 10 days. Very interesting story on this one. I worked with these buyers on a Short Sale about a year ago. Wells Fargo wouldn’t budge on their price. I was offering 60K for it and they told me no can do with their balance of 79K. So I watched for it as an REO and it came out at 79.9K. Then it went down to 73.9K. Then it went to 51.8K. We put an offer in of 51K and it was immediately accepted. Go figure! Got a better deal with it as a REO than a short sale! We bought this home at the end of December. We had a TON of interest but the repairs were pretty extensive, nothing structural wise but LOTS of cosmetics. We found a lady who had a Mr. Fix It type boyfriend who really liked the area and the home itself. We are closing tomorrow at 4:30pm. I have the preliminary HUD-1 and it looks like I will net (after all my expenses) about 6K. Not a homerun its 6K that I didn’t have yesterday So all together over the past 5 weeks or so were in the 26K range for profit. I know there are many others on this board making way more than us and doing much better profit for deal margins. My point of the post is for folks who try and hit the home run all the time whether they are just starting out or even a seasoned investor. Wer’e just a small Ma and Pa shop with Jenni and I. And these little deals will add up folks. So if you have the chance to make some quick money take and live to fight another day. Out of all these deals my best deal was #2. I got out of a house I didn’t like, a city that I really don’t like, and I didn’t LOSE any money. If you have any questions fire away and I will try and answer them as best as possible. Hope this helps some others on this board to stay motivated and focused that real estate does really work if you apply yourself, take action, and reap the rewards, Nate-WI4 Recent Wholesale Deals
Deal #1
Deal #2:
Deal #3:
Deal #4: The quick numbers…
Quick Summary…
By: Brian Jones I must say it really is a feeling of empowerment, taking a deal from the first phone call, to sitting at the closing table knowing that you are a few signatures away from thousands of dollars; knowing that all the time and energy you have spent learning the nuances of REI have finally paid off! Here’s is my story. Funny thing is that I almost lost this opportunity when I answered the call. I received the call from the seller while I was standing in line at the bank. It was a multi-family in fair shape in a fair neighborhood, not something I cared to rehab or hold at the time. Not interested, but I sensed motivation in the sellers voice so I asked him, “What’s the least amount you will sell for if I pay you cash and close quickly?” Well, the number he mentioned was about 58% of ARV…that got me interested. Finally, I found a “motivated seller”. I negotiated a lower price and wrote an offer in ONE day. The seller didn’t want to sign my contract because he was getting calls from investors while I was sitting in his living room. I told him either we do the deal now or I walk away…he signed and I gave him a hundred dollar bill.Brian’s $22,000 Wholesale Deal
By: Bob Norton The Pocket Listing Deals I consistently call over 30 REO Realtors every 10-15 days asking them if they have anything in the works in the areas where I like to invest. The Realtors call them pre-listings. In December, a realtor said he had a house that was way overpriced at $25,000 and was going on the market in 8-9 days. I said I’d go look at it anyways. Well, it was perfectly priced at $25,000 and I asked the realtor if he would ask the bank if they would accept a cash offer right now at full price. A couple days later he said the bank would. So, I started calling my buyers and, at the end of the day, had a signed assignment form and earnest money for $32,000. Closing went smoothly andI walked away with $7,000! Having tasted success using this approach, I made a new contact with a different REO realtor and he said that he had to de-trash a house in my favorite area before it goes on the market. I asked him what that entailed and he explained that he had to put up his own money of $1,500 to have the work done and after the house was listed and sold, the bank would reimburse him up to 90 days later. I asked him, “So you could potentially not get your $1,500 back for up to six months or longer?” He said, “Yes!” After thinking about his dilemma, I then asked, “What if you made an offer to the bank and I would be willing to de-trash it myself.” “You’d do that?”, he asked. I answered, “Sure, for the right price.” I offered $19,000 and the bank accepted my offer. I then wholesaled the house for $28,000 to a landlord and walked away withanother $9,000.00 in profit! Bob NortonWholesaled one for $7,000.00 and another for $9,000.00
By: Johnny Voyle After finishing college with a major in accounting, I packed up my briefcase, put on my tie and assumed position at my cubicle. Accounting is a great profession, but it just wasn’t for me. I knew there had to be a better way. I wanted to do something that I loved and would provide the lifestyle that I desired. I quit working for the accounting firm and got a sales job to keep the lights on. Although I enjoyed it more than accounting, it still wasn’t everything I was looking for. One day I was searching the Internet and found www.flippinghomes.com and the rest is history. I devoured the website and read many books. I quickly signed up for the next boot camp and received some awesome information. Shortly after the boot camp, I wholesaled my first house and put $5,300 in my pocket. This business quickly became real and I immediately became a full-time wholesaler. Two years later, I have flipped over 30 properties (ranging from $3,000 to $15,000); bought, fixed and sold several properties; have several rentals (creating great passive income); and have partnered with a private investor lending hard money. I plan to continue to do all of these, with an emphasis on creating more passive income. I have certainly made some mistakes and have a lot to learn, but real estate investing has given me a flexible schedule. I also don’t have to worry about money and wake up looking forward to my day. It is not a get-rich-quick vehicle, yet it can be lucrative and sure is fun! Johnny VoyleThere had to be a better way…
By: Ericka Okay, here we go. I just closed my first wholesale deal this week. The process was easy as 1-2-3, but as usual with everything, I made it surgery. I had “fearitis.” I came upon this lead riding through a neighborhood looking for vacant/abandoned properties. I saw a FSBO sign, wrote down the number and called the owner. I left several messages with him, but got no response. A week later this guy called me back only to tell me the property for sale was already under contract. I was okay with that but I always try to establish a rapport with anybody I come in contact with even if they aren’t selling me their property. After chatting with him for a bit, telling him what I do and what I’m looking for, we exchange numbers and disconnected. A few weeks later this same guy calls me back and says he knows of a property for sale that I may be interested in. The guy took me to meet the owners and we immediately hit it off. They were motivated. The owners were an older couple, retired and living in a different home. They had no need for this property and it was actually a headache for them because somebody set the front room on fire and vandalized the place. To make a long story short, we signed the contract, I called my buyer two hours later, we met the next day to sign the assignment to settle in 30 days. I was paid a $10,000 assignment fee. Steve Cook, thank you for the website which is my core source of information, help in time of need, and guidance. You are the best!! Wholesaling for Quick Cash is one of the best “how to” books I’ve read and did since in real estate. Steve, you rock!! Eddie K., you are the man. Thanks for your “straight to the point” mentorship. Lui H., you’re my RE agent for life buddy. A big thanks to all you guys on this website. I surf around this newsgroup a lot and chime in when I can if what I have to offer will help someone else. I don’t like to talk about deals until they’re done. As I’ve said before, I talked for years and did nothing. I just got tired of hearing and seeing everybody else do deals while I was sitting like a bump on a log helping everybody else get over. Not anymore. I am truly enjoying real estate investing now and will for many years to come. Ericka-BaltimoreEricka’s First Wholesale Deal
By: Carol Heausler I read Steve’s wholesaling book and decided to give it a try. With help from Hal and my tacky photocopied “We Buy Property” signs taped to my car, I turned 10 hours total “work” (getting contract signed, showing property twice and showing up at the closing, if you want to call that work) into $5000 without much risk. That makes my hourly rate $500. I sure don’t get that kind of pay at a job. Thanks, again, guys. Carol HeauslerThat makes my hourly rate – $500/Hr!
New Orleans
By: Ed Kowalski I am writing this success story to encourage all the Flipping Home students out there. Since I posted my success story about 7 months ago, I have completed a total of 10 wholesale deals in the last year and have made over $46,380.00 in profit. Why is this significant? Because more often than not, a person will do a few deals then stop and not consistently get into the habit of looking for other deals and making offers. It is almost like we convince ourselves that it worked once but we cannot go ahead and keep doing it. But that is exactly what we can do. Once it is done a few times it really becomes easier and easier. So this is to encourage everyone who has never completed a deal and everyone who has completed a few but they have gotten comfortable and have stopped working towards their financial freedom. After my first few deals, I actually went back to working full-time in my old line of work. Granted that lasted about 2 weeks, but the point of the matter is that I got comfortable with a few extra thousand in the bank and just wanted to remain in that comfort zone. But then Steve pointed out that fact to me and I got back out there. The reason I pointed out the total income of $46,380.00 is not to brag or puff myself up but it is to point out that at my old job I was making about $35,000 and getting taxed to the max. Now I know next year I can make at least $46K and get all the benefits of business ownership. Along with this I am completing another wholesale deal that will net me about $5,000 in a few more weeks and I am going to utilize another technique I have learned from Steve by trying a “Rehab for Big Cash” in a few more weeks. I believe I will net about $20,000 on that first deal. Not too bad for a guy without a college degree in his mid-twenties. Above all I give God the thanks and glory for helping me to support my family doing what I love to do. A close second is Steve who I thank for always being my mentor and friend. He always reminds me when I am getting too comfortable and helps me stretch and strive for new levels in this business. It is sad when people tell me that they are working day to day, paycheck to paycheck just because there is not any other way to live. BUT THERE ARE WAYS. No one has to settle for a mediocre life or being unhappy in a 9 to 5 job. My suggestion to anyone who is unhappy is to pick up Steve’s materials, “Wholesaling for Quick Cash” or “Rehabbing for Big Cash”, depending on your financial capability. Start out by just trying to do one deal. Don’t focus on becoming a real estate tycoon like so many others teach. Just do one deal. See if you like it better than your job. If so, do a few more until your income is matched. But just try to do one deal. So many people are convinced they love real estate and are going to be rich from it but have not completed one deal. That is why I loved being taught the way I have been taught by Steve. It is realistic and it is something I can do tomorrow. It is not a pie in the sky fantasy of your mailbox turning into an ATM. It is about real people, learning, stepping out on faith and starting their real estate journey one deal at a time. Thanks Steve for not giving up on helping others. God bless you and your family.10 wholesale deals in the last year – $46,380.00 in profit
By: Dave (bal’mer) I wanted to say thank you very much to Steve, Hal, John and William. They have all been a great influence on my current success. I want to especially thank Steve, for I can say if not for him I probably would not have met Hal, William and John and even if I had it would have not been in the same capacity. I write this now because last week I closed on my first house that was purchased to live in. I did not want to write it prior to closing as I try not to “count my chickens…”. The house is a four bedroom, 2 bath home in the area that I most wanted to live in. I asked Steve where to go for financing and after following his direction I have a rehab construction loan on this house where I did not put any money down at settlement. After the repairs I proposed are made additional money is released to me because the lender based the financing on the value not the purchase price. The investor that I purchased the house from I probably would not have met or at least not in the same capacity if not for Steve’s influence. Also my financial picture has changed dramatically as I have completed about 8 flips in the past six months and own a rental property and own another property that I am lightly rehabbing to resell shortly. I also have about 5 flips I am working on that have not gone to settlement yet. I also completed my first flip where I never even set foot in the house (I drove by the exterior and an associate shot images of the interior but i myself never even went inside) and I completed my first flip where I was not even present at settlement, the assignment fee check was just sent to me after the closing. Although I have read many books I consider Steve’s material the foundation and an essential element. I am always impressed with his perspective on different investment problems I encounter when I ask for advice. I am also happy that I have learned some of his command, calmness and positive outlook about investing. I am not sure how to convey what I am trying to say, but it is similar to sailing with an expert how handles the maneuvers without thought or worry, and when you learn from that person it makes it seem natural and you don’t stress over every jibe and tack. I used to rent a 1 bedroom apartment prior to my move, I will now have an office area, a workout room, painting studio etc –It is a nice change. So I just wanted to write and say thank you so much for all your help, I am glad this community is growing with such great people, I love reading everyone’s posts. I am happy that my life has changed and I am really excited to continue investing. All the best,8 Flips – And A New Home…
Dave (bal’mer)
By: Eric and Heather Zaal As you know Heather and I have done 2 rehabs, but we have recently completed our first flip. Just before Christmas we had received a call on one of our signs from a lady that was wanting to sell off one of her rental homes. While talking with her on the phone she told me that she wanted 30k for the home. We did our homework and if the property were rehabbed it would be worth 58-60k. Heather posted online looking for investors looking for rental properties and got several responses that were interested before we even had a contract on the property. The following morning we went out to meet the sellers brother, who showed us the property. We were happily surprised that was in rent-able condition. I wrote up a contract and faxed it to the seller, and we also let the seller know that we were considering wholesaling the property to an investor that was looking for a buy and hold property for a small fee. So everything was out in the open and she had no problem with that. She did call us a couple of days later saying that she decided she was going to put a renter into the property incase the deal somehow fell through and did I think the seller would mind honoring the lease. Well Heather was on the phone in a shot. She explained what was going on with our potential buyer and he had no problem with that. I was shocked that the title commitment came back in 3 days since it just before the holidays. We realized that it was probably not going to close until after the first of the year considering the time of year and we were correct. On the 12th of January, the deal was funded and Heather and I collected a 5k check for roughly 5 to 6 hours worth of work… I haven’t done the math but I don’t think anyone in corporate America would be willing to pay me that per hours… If you cannot guess, we are out beating the streets for our next flip. We would like to thank you for hosting flippinghomes.com, which gives us a place to post our questions and receive support. We would also like to thank you for responding personally to the questions that we have posted. Eric & Heather ZaalCollected a $5,000 check for 5-6 hours work…
Houston Tx
By: Gerald C. Seegars On November 1st I got a referral for a property in a nice area near Capitol Hill in DC. After contacting seller, I arranged an appointment to see property on Nov. 5. I drove by the property prior to our appt and got a good idea of the neighborhood and comps. Met with seller and one of my contractors on the 5th. After inspecting the property with my contractor, I told the seller I would get back in contact with him shortly. I determined that the property should sell for about $359,000 or so fixed up, estimated repairs to be $40K. The seller’s wife had mentioned $250,000 as the desired sales price, but I knew there was no way I would buy it for that price and still be able to wholesale it. Anyway, after some negotiations with the seller, we agreed on a price of 172K which I thought was a fine price and left room for a nice wholesale spread. Signed contract on Nov.7. I decided to wholesale the property for 199K On the day after Thanksgiving, I called an investor who had called me about the property earlier… This investor claimed to be a cash buyer and agreed to my terms. I told him I needed proof of funds and a deposit check for 3K that was totally non-refundable unless good title could not be produced. We met the Monday following Thanksgiving, took care of the paper work and closed on December 10. My wholesale profit was $26,500.00. So in just over 30 days I made $26,500 and didn’t spend one dime in repairs. NICE!!! It seems that every deal presents its own special fact pattern, challenges and problems but thanks in large part to Steve Cook’s course, and his website Fippinghomes.com, I am quite confident in my ability to wholesale properties. Obviously, I still have a quite a bit to learn and finding good deals is not easy. I also want to refine my system of doing business to make things go smoother. I am very thankful to God for bestowing to me the knowledge and ability to successfully complete this and the other deals that I have completed and pray for His continued blessings and guidance as I go forward. Gerald C. SeegarsIn just over 30 days - I made $26,500
And didn’t spend one dime in repairs… NICE!!!
Urbane Realty, LLC
INTEGRITY IS OUR TRADEMARK ™
(301) 649-6029
You’ll find more than just a flimsy field guide inside the box. In fact, a variety of multimedia has been added to Version 2.0 to make it much more consumable, regardless of your preferred learning method.
But it all starts with…
1) A Sizeable 330+ Page, Step-by-Step Manual…
This is the core foundation of the entire course. Inside you’ll walk gingerly through the entire flipping homes process, from just getting started, to growing your business, to ultimately cashing paychecks as a wholesaling maven in your area.
I’m sharing with you from the front lines as an active investor but with the heart of a teacher. You’ll discover much more than a simple “how to” manual, as I dig into issues other courses don’t even touch on like “Ethical Investing”, understanding your neighborhood “zone chart” and making offers that make money.
This is no ordinary course. Wholesaling for Quick Cash: v2.0 is designed to put you head and shoulders above the competition in your town.
Inside I pull no punches pouring out page after page of the knowledge I’ve gained in buying and selling hundreds and hundreds of homes in the last decade.
2) Audio CD: Quick Start Audio…
This audio is a result of having added so much material to Version 2.0, that people often weren’t sure where to start and how to ideally go through it.
The purpose of this audio is to help orient you with the course. To guide you as to the best way to consume the content and get the best results as quickly as possible.
It’s just another way for me to help you get the very most out of what I have to teach you.
3) Audio CDs: “Answers to Your Top Wholesaling Questions”…
This is a private Q&A call I did with a group of people following a live wholesaling event.
On two audio CDs you’ll be a “fly on the wall” as one of my students and I are asked live questions by those present – whatever they could throw at us about wholesaling houses – and providing real world, no nonsense answers.
It was a 100% unique, private call with an exceptional level of content, and it isn’t available anywhere else. And I have no plans to repeat it.
4) Audio CD: “The Art of Deal Structuring”…
This is a new in Version 2.0. It comes as a result of realizing, after coaching hundreds of students, that most people have no idea how to creatively structure deals.
Some deals are “plain vanilla”. Quick in, quick out, and get paid. I call them “textbook” deals.
But there’s another layer of profit to be made by those who can think just a LITTLE BIT outside the box.
For some reason, this is something that seems to come pretty naturally to me. In fact, it took me a few years to realize that it didn’t come as naturally to everyone else, which is why I didn’t speak of it much in earlier editions of my course.
Now that I’m aware of the information gap, I decided to include an entire chapter about it in the manual and to record this exclusive audio that will support and reinforce it.
I have never seen anyone else talk about this. It’s totally and completely unique to my course.
5) Audio CD: Interview with Bob Johnson…
This is a one-of-a-kind interview conducted by my friend, Bob Johnson.
What started out as an “overview” of sorts, quickly turned into an in-depth, hard-hitting expose’ on my wholesaling business, surprisingly hitting on many topics on an even deeper level than the manual. It was so good in fact, that I decided to burn it to disc and including it in the course!
6) CD ROM: Complete Library of Wholesaling Forms…
You’ll find all of my standarforms on one data CD.
Now I always recommend you run any real estate forms by a local professional before using them. It’s just good sense. But here’s the honest truth:
The paperwork in this business isn’t nearly as complicated as you may think it is.
Many people over-complicate it, but in the end it’s a lot easier than it may seem at first.
But at least with my course, you know you’re starting with something solid and proven that I’ve used in my own business, including a proven purchase contract, assignment agreement, letter of intent (offer letter) hard money lender questionnaire, contract addendum, and more.
7) Forms Videos: A step-by-step walk through…
Compared to most real estate investing transactions, the paperwork for a wholesale flip is MINIMAL.
Be that as it may, I know it’s often still one of the most intimidating parts of getting into this business. It can help tremendously to have the benefit of someone to sit down with you and go through the necessary forms, step by step, explaining what’s what in a “plain English” way that’s easy to understand.
That’s why I created my “Forms Videos” in which I take you gingerly through each of the following forms:
- Purchase Contract
- Purchase Contract Addendum
- Purchase Contract Assignment
- Option Agreement
- Letter of Intent
- Transaction Offer Worksheet
Property Inspection Report
8 ) Special Report: “Guide to Setting Up Your Office”…
For many beginning investors, setting up an office is a mystery, but it doesn’t need to be difficult. Using my experience as a guide, I intend to help you create your own version of “command central”, regardless of the size of your budget.
From location (home office or outside) to furnishings to office equipment to keeping files, I put this report together to demystify and simplify the whole process for you.
9) Special Report: “Steve Cook’s Guide to Goal Setting & Action Planning”…
There are many books and courses written on the subject of setting goals, some better than others. Most agree (as do I) that goal setting is an important step in life.
Unfortunately I’ve found that much of the material out there doesn’t offer a complete picture when it comes to goal setting and planning.
This is an area that I consider to be one of the true secrets of my success. So my intent with this supplement is to help you arrive at a true picture for each of your goals, to help you prioritize your goals so you can focus on what’s more important, and to help you create a plan to achieve those goals that are most important to you.
Would you give up your first two months of profits – to create income-on-demand for the rest of your life?
If you answered yes – this course is worth at least $14,000.00 to you… That’s how much I made in my first two months.
Maybe it’s worth even more…
When I got started – I referred 7 deals to another investor and he paid me $1,000.00 each.
Then I wholesaled ONE deal and made $7,000.00 in a single shot – for a grand total of $14,000.00 dollars in my first two months.
Imagine if I had had the confidence to wholesale my first seven deals, instead of just refer them…
I could have made $7,000.00 on each one – instead of $7,000.00 total.
That’s an extra $42,000.00 a small shot of confidence would have made.
Now I wouldn’t change the way I got started for the world – but If all this course did was give you that extra shot of confidence – and make you an extra $40,000 in your first couple of months, what would that be worth to you?
Heck even you only made an extra $14,000.00…
Would consider leaving your job?
How about quitting altogether?
If all this course did was “knock you off the fence”… give you that push to finally take the plunge… use the knowledge you already have… and take the actions you know you need to take TO GET YOUR FIRST DEAL DONE,
What would that be worth to you?
Knowing this information is the blueprint behind all of the success stories you have read today… It obviously works.
I could easily limit access, create a waiting list – and charge $10,000.00 dollars for the training.
But that isn’t my aim here. Never was.
I feel like everyday there are more and more real estate courses out there written by “experts” who have never even done deals… Others have helpful advice but are all about the money.
I just want to give back, the same as so many who helped me when I got started. So instead of promising anything – I’d rather prove it to you.
Let me send you Wholesaling For Quick Cash Put your information in – and I won’t charge you anything today. I’ll ship everything out and give you a 30 day head start. If it’s not clear how to make quick cash in the next 30 days – or for whatever reason if it’s not up to your expectations – send it back before the 30th day and owe nothing. Otherwise, I’ll run your card 30 days from today for a grand total of $497.00 bucks – after having an entire month’s “free look” to get out there and get your first deal going. I want you to use have this course. I want you to use it. And I want you to be successful…
Use this course for 12 months…. A FULL year. Do your first deal, put some money in the bank – leave you job if you want… Take the next 365 days to really put it to use. If at any time in the next year – for any reason or no reason at all, you arent absolutely thrilled, Call my office at 301-760-7177 and ask Donna to help you send the course back for a prompt and courteous, no questiuons asked refund. Here is my GUARANTEE to you:
Here’s What to Do Next
And are you ready and willing to make drastic improvements to your life? If you are, then you know what to do. It’s a no-brainer. Don’t put this off any longer. Do it right now … immediately, while it’s fresh on your mind. Click the “Free Trial” button below and enter your information. I’ll ship you everything you need to get started in this business as fast as humanly possible – but I won’t charge you anything today. In 30 Days, after you’ve had an entire month to do your first several deals, I’ll run your card for $497.00 bucks and send you a special bonus I haven’t even mentioned yet.
Now go get after it.
Blessings,
Steve Cook
P.S. Many people have been asking me lately “What about the economy?” And it’s a great question. The TRUTH is: AMERICA IS ON SALE. Many people are having trouble selling – yet interest rates are still unbelievably low. It’s a perfect setup for us to step in and create win-win deals.
MARK MY WORDS – This is a once in a lifetime “Perfect Storm.” The time to take action is now because there will never be a better time to get started.
P.P.S. When you think about it, the odds are really stacked in your favor. When you are working off of the same blueprint that has made me literally millions of dollars, and paved the way for hundreds of students to replicate that success – it’s pretty hard not to see some amazing results.
By: Brad Pennington So here goes, the first deal! During the last 6 months I started seriously considering what I was going to do with the rest of my life. I was due to graduate from San Diego State University and I knew further education wasn’t my best move and didn’t want to work the long job ladder to success. During my search for direction, I took a weekend vacation at one point which, by a round-a-bout way, led me to real estate. I searched everywhere for every tid-bit of real estate investing information and stumbled upon the “creative real estate” world. I simply decided that I would give it a go and see what happened. I decided that I wanted to learn to flip homes and make quick cash! After many months and many many hours of pestering everyone on every website that I could find and by taking some solid action it finally led me to where I wanted to go, or at least started me down the path. I must make special mention of the role Steve Cook played in this process because of his extreme availability and honesty to anyone who asks a question. Steve, thank you. I was called by someone who had received a postcard of mine and needed an expedited solution to her problem. The post card was a fairly standard card which explained the services I provide and why those services can be especially important to certain people. In this particular case, there had been a death in the family which the owner was having a terrible time coping with, and on top of that the city was in the process of condemning the property. It was just too much for her to deal with, so I dealt with it. Before meeting the owner, I performed my due diligence and comped the property in the range of $410k-$475k. I knew this spread was far to large but it gave me an idea of where I was and what type of offer to construct. I had driven by the property and determined that it was a complete rehab, unfortunately I didn’t have my repair numbers solid and so came up with a number that was significantly larger than the actual cost to cure. As it turns out, price wasn’t the main focus of negotiations and I got the house for such a good price that my overly large repair estimate didn’t factor in. The sellers main need was flexibility and I was happy to provide that. I put the house under contract for $200,000. For 2 and a half weeks I had a crew hauling personal property out of the house into a storage space that I agreed to pay for. I ended up assigning my contract to an investor who was referred to me by another guy I know here in town. I had gone to see this gentleman to review my title and escrow documents and to get some general advice from him. He gave me the name and number of this investor who liked to buy these types of complete rehabs. I called him up and told him about the house and he was ready to go. He wanted to do it that night, all cash as-is! I held off in order to show the house over the weekend to some other folks, but we ended up doing the deal on Tuesday. In good spirit he did attempt to negotiate my price down from $295,000, but I told him I couldn’t go lower than that number and he accepted. I think he knew that he was getting a good deal and he didn’t want to negotiate himself out of it. I assigned my contract to this investor for $95,000 dollars and he wired in funds and we closed! Total time from the first phone call to the check in the bank was 3 weeks & 3 days. Now this investor will repair the home (for around $60,000) and resell, or keep it as a rental. Win’s all the way around. It’s impossible to gauge the personal growth that one undergoes when doing their first deal and all I can say is that it was a very intense experience. With even this very limited experience I believe that future deals will come and be completed more easily because now I have personal proof that it can be done. I don’t know if I have any single piece of advice to give those of you who are still seeking. But one thing that did motivate me to excel was the idea that no one else in the entire world was going to live my life for me and that it was up to me to make my life what I wanted it to be. I love the positive atmosphere of this web site and it continues to be an indispensable asset to me and my success. If you make this work it will. If you ask for help here, you will get it. If you heed the advice given, you will prosper. Very simple really. I can’t describe how good it feels to make over $100,000 my first year out Here’s to your success story! Brad PenningtonI can’t describe how good it feels to make over $100,000
my first year out of college…
of college! Absolutely incredible!
I was listening to a podcast a while back and Steve told a story about how this woman said she wanted to cook breakfast for her kids every morning. Said she wanted it so bad she could taste it. But when he told her she could do it right now, she was afraid. I took that to heart. Focused in on a deal that netted me more than 1 year’s income at my current job at UPS. I made $26,500 on my last deal. That money is my income for the next year. That’s right folks, I’m taking off the training wheels. I write this from my desk at UPS. I’ve trained in my replacement. I put in my notice 3 weeks ago. My wife is worried. My father is proud, my brother is nervous for me, but none of that matters. Because I know – I KNOW I CAN DO THIS. So the net is gone when I finish typing this. I’m going to log off, and go home to tuck my kids in tonight. They are super excited that daddy will be home for supper and reading stories from here on out (its been 15 months since I was able to do that on a Monday). I’m going to read Green Eggs and Ham tonight because that is a story about never giving up. I’m pushing my chips and and going for it. I have this community to thank. I’m no longer going to be trapped by my own mental barriers. I’m going to do what I was meant to do. Thanks! BRING IT ON! Ken-UPMich-Something Steve said in a podcast allowed me to quit my job as of right now.