How To Flip Houses For Massive Profits - YouTube

How to flip houses for massive profits?  Did you know that the average flip in 2019  

profited more than $65,000? Oh, yeah.  You heard that right. And that's just  

not a Noelle fact. You can look this up  on realtytrack.com I'm gonna tell you how  

you can start flipping houses and make  massive profits just like Noelle. Let's

go.

I'm going to share with you a step-by-step  guide on how to flip houses and make money in  

the process. I'm going to share with you the top  3 things that newbies do wrong when they're trying  

to flip houses so you don't make those mistakes.  And last but not least, I'm going to share with  

you the biggest secret to making double the profit  that most people do when they flip a house. So,  

there are so many benefits to real estate  investing. And flipping is an absolutely amazing  

way to start making money in real estate. If you  don't know flipping a house is buying a house at a  

discounted price renovating that house, in other  words, rehabbing it, painting it, fixing it up,  

and then selling that house for a profit. Now,  many people think that they know how to do this  

because there are so many tv shows about flipping  houses. I know you've seen them. In fact, this is  

how I got in trouble. When I started investing  in real estate, I loved watching those shows.  

Those flipped this and flipped those shows. And I  thought that I could do it too. So, in 2002-2003,  

I started flipping houses in Atlanta with a  full-time job. Mind you, I was in my early 20s,  

I had a pretty good job working at a mortgage  company. And there were people at the job  

that were flipping houses. So, I thought, "I  definitely can do this too." But I did not know  

what I was doing. I was not the person that I am  today. I never had any education in real estate,  

I had never been to real estate school. I never  flipped a house. I just started doing it and  

doing what my co-workers did. Ugh! I made so many  mistakes. But it was 2002, 2003, 2004 in Atlanta  

and the market just kept going up and up. So, I  always made money on my flips even though I made  

every mistake in the book. However, in 2008-2009  when the market crashed and we lost our jobs,  

I lost everything. I literally ended up back  in my parents' basement broke, humiliated,  

bad credit, multiple foreclosures, just a complete  disaster. It was awful. However, you're looking at  

me today so this story ends well. I did figure  out how to start flipping houses the right way.  

And today, I'm a millionaire. Let me show you how  you can do it too. Let's get into that part. So,  

the biggest mistake that I made and  the mistake that you will not make is  

you have to start with how much you pay for the  house. That is so important. If you spend too  

much money or you buy the house at the wrong price  no matter how cheap you can fix the house or if  

you fix the house yourself, you're not going to  make the profits that you are intending to make.  

You need to be very clear that when you are buying  a house, you must buy it at a discount. In fact,  

you really want to get the house at least a 30%  discount. Meaning, if the house retail values for  

$100,000, you cannot pay more than $70,000 for  that house. You must get at least 30% discount  

in order to make the profits that you want. I'm  telling you, just as a rule of thumb. You really  

want to get at least a 30% discount when you buy  the house. But a successful flip starts way before  

we're ever talking about granite countertops and  stainless steel appliances. We really need to  

get focused on how much we spend on the house  and getting houses at a discount. This is the  

important thing when it comes to flipping. So, let  me tell you how to do that. So, really quickly,  

you can get a house at a discount by finding  someone with a property problem. In other words,  

someone that's behind on their mortgage payment  or maybe they inherited a house they don't want.  

Or maybe they got relocated and they need to  move. Maybe they got sick. Maybe the person is  

elderly and needs to move into a convalescent  type of home. There's all different type of  

situations that you can get a house at a discount  and help the person in the process. That's step 1.  

You can advertise yourself or as a second option,  you can find a wholesaler. Wholesalers are people  

that already market to people that are having  property problems. They get those properties  

under contract and they market those properties  to investors for the sole purpose of making money.  

Wholesalers work with investors. They literally  find properties at a discount for investors to buy  

at a discounted price without having to find  or talk to these people with property problems.  

You can simply reach out to a wholesaler, get  on their list, and start buying properties from  

them because that way they will be at a discount.  Step 2, now that you have the house at a discount,  

you need to fund your rehab. And this is so  important. You need to have the money to pay  

for the renovation. In most of the cases we  talk about finding a house that has a discount  

and rehabbing the house in order to increase the  value, this is a concept in real estate that we  

call "forced appreciation". Meaning, we are going  to force their appreciation, we are going to do  

something to actively increase the value of that  home. So, you need to find funding for this rehab  

because you need to renovate the home in order to  increase its value. Even if the house is kind of  

nice inside, it could always be updated. It could  have new paint, new carpet, new appliances. It  

may not need a major renovation but you're going  to have to rehab it and force that appreciation  

in some way by increasing the value. There's tons  of lenders out there that will lend for a rehab.  

You can renovate it yourself using a hard money  lender and they will provide the funding. Or you  

can get a loan, maybe a business line of credit  or a business credit card to fund your renovation.  

This is what Noelle does and this is how I make a  ton of money on my rehabs without spending my own  

money. So, a quick point that we need to get into.  I do not want you to do the renovation yourself.  

Like I said if we're talking about making  massive profits on a flip, you're going to have  

a different role in the flip and it is not going  to be doing the work. Doing the work yourself is  

going to take too much of your time and it's  not what you should be working on. In fact,  

if you want to make massive profits in a flip,  you should be doing multiple flips and finding  

multiple properties at a discount, not doing the  renovation yourself. So, just a piece of advice,  

if you want to make massive profits on your flips  probably shouldn't be doing the work yourself  

unless you're a professional. The next step,  you must stay on budget and on your timeline.  

If you want to make massive profits in your flips,  one of the things that I learned is that staying  

on budget and working my timeline were key. For  example, when you're putting together your flip,  

you're going to say, "Okay, these are the  renovations that I'm going to do. This is  

how much each thing should cost. And this is how  long it should take." You must stick to that. If  

you need help, reach out to someone that already  has done flips so they can help you with this.  

This is where so many newbies really mess up. They  blow their budget and they blow their timeline. Do  

not do that. If you said you were only going to  spend $600 on a refrigerator, make sure you only  

spend $600 on a refrigerator. Don't go into the  store and start buying nice or extra things. Stay  

on your budget. Additionally, if you are supposed  to finish that flip in 6 weeks, you manage it so  

that you finish in 6 weeks. It's so important for  your profits to stay on your timeline because like  

I said, in the previous step, most likely you are  financing your flip. And every day, you are paying  

interest on the money that you have borrowed.  So, it's pertinent that you stay on your budget  

and on your timeline so that you have time to  sell the house and still make the profits that  

you outline. Number 4, watch your project. Oh,  my gosh is this important. Like I said, because  

you are not doing the work yourself and you have  hired professional contractors to do your work  

like I said, you need to make sure you manage that  project. That is your role in the flip when it  

comes to making massive profits. And someone that  makes massive profits with their flips, I became a  

manager of my project I went to my project,  I started seeing what they were doing. I'm  

making sure that they're working on what they're  supposed to be working on. And they are staying  

on their budget and on their timeline. When I was  a failure and I ended up in my parents' basement,  

I would only go see my projects on the weekends  because I worked during the week. And sometime  

my projects took way longer than they were  supposed to because I was not managing it.  

This is your role. When I started making massive  profits in my flips, I was a hawk on my projects.  

The next step. And this is so important is sell  the house before it's finished. This is where  

I started making a ton of money. I started being  able to sell my flips before they were even done  

and start creating interest in my flips before  they were even done. And this is so easy to do  

once you start taking it seriously as a business.  You can start showing people (potential buyers)  

the property before it's done. tTey may even  have an opportunity to pick out the cabinets or  

the countertops for example. So, now they have the  experience like they're buying a new construction  

home. Not only is this awesome and buyers flock to  this. This is a way to attract even more buyers so  

that you can create competition for your house. It  is an amazing secret that I learned along the way.  

Start selling the home before it's done. Again,  you can put it in MLS with a realtor and list  

it before it's done. Not necessarily what I  recommend. But I do recommend you start selling it  

on your own while the project is still going on.  For example, you can market the property yourself  

on Craigslist, Zillow on your own website. You can  put it on Facebook, on all of your social media.  

And you can start getting attention and attraction  for your property before it's done. This is how  

I sell my properties before the project is done  and for more money. If you are loving this video,  

please make sure you smash that like button  and click that little subscribe button.  

I need as many subscribers as I can possibly  get because I want as many people to see this  

message as possible. Make sure you are sharing  these videos. This is great content and it's  

absolutely free. I appreciate you. And the last  step to making massive profits on your flips is  

start finding a new house to flip while you have  your other project going on. This is an amazing  

thing that I missed out on. Flipping houses is an  actual business if you make it a business. And one  

of the things that you should be focusing on most  of the time is finding houses at a discount. This  

is what I told you. This is where the profits are.  Because even if you don't flip the house, if you  

found a house at a great price, you may be able  to wholesale it to somebody else and make money.  

Or that's your next flip. And now when you have  that household, you have another one ready to go,  

this helps you in 2 ways. One, you have a business  so you always have projects and you can start to  

have income that's always coming in from your  flip. So, as you flip houses and start to do it  

on a consistent basis, your lenders will lend you  more money and they will lend to you a lot easier.  

You will start to have financing partners and  investors that want to give you money for your  

flips. Like I said, success begets success. So,  as you start to do something, you'll attract more  

people to you that want to fund your flip. So  now, that is more reason for you to make even  

more money in your business. So, I have written  an entire book that I have poured my heart into  

and I'm giving it to you absolutely free. I'm  going to teach you how you can flip houses in a  

whole new book called Real Estate Millionaire  Secrets and I'm giving this book to you absolutely  

free. You just cover the shipping. Go to  noellesfreebook.com. That's Noelle (n-o-e-l-l-e-s  

like sam) noellesfreebook.com and check out my new  book. I give you all of the information, all of  

the guides, and all of the knowledge that you need  to be successful. This is Noelle. To your success.