THE MARKET IS CORRECTING AND YOU CAN'T AFFORD TO LOSE MONEY
The white hot real estate market of 2020 and 2021 has passed, and as it continues to correct itself, it's important now more than ever to watch your flip and margins closely. According to The Real Deal, the first three months of 2022 there was a record number of flips on record, and yet, profits from flips continued to drop. Horror stories are mounting of people who take on flips, who are blowing through their budget due to bait and switch skeleton contracts setup by contractors, mounting cost of materials, and skyrocketing prices.
FEES ARE GOING UP
Not only are the costs for materials going up, but so are the fees project managers charge in order to flip projects for you. These days, the people running around saying they'll flip your project for you want bigger and bigger cuts of the pie, sometimes as much as 15%. 15% on flip margins is insane, which is exactly why I've designed this program to be flat fee based. No surprises, no bait and switch, the fee is what it is.
CONTRACTORS ARE LOOKING OUT FOR THEMSELVES
Not only that, gone are the days where you can rely on your contractor to make the best decisions on your behalf. At the end of the day, no matter what you pay them, the longer they can be on a project, the more work they can come up with to do, the better it is for them and the worse it is for you. You need someone on the ground who's going to take on your best interests which are to get the project done, correctly and as quickly as possible.
THE UNEXPECTED WILL HAPPEN & YOU'LL NEED SOMEONE ON YOUR SIDE
When it comes to flipping a property, there are always SEEM to be surprises, but in reality there is a proven framework to ensure their are never surprise repairs that your property needs. So when you're thinking about doing a flip, ask yourself would you rather go into it guessing OR have someone by your side who knows exactly how to route out all the issue of a home so you can plan for them accordingly.
TIME IS MONEY
As an investor, you know time is money. To be exact if you're using a hard money loan to do your flip at an 8% interest rate, it can be costing you as much as $3,000 - $6,000 a month! Why gamble with your time doing a flip all on your own, when you could have the help of someone who's done it before.
YOU DON'T HAVE TO QUIT YOUR JOB
The economy is headed towards a recession, which means it will be important now more than ever to stay focused at your job or business. There's this myth running around that you have to quit your job in order to flip homes -- and it's NOT true. Keep your job, flip homes, and be that much closer to financial freedom.