Flipping a Condo - The $12,898 FLOP, Turned Learning Lesson скачать в хорошем качестве

Flipping a Condo - The $12,898 FLOP, Turned Learning Lesson

If you have been thinking about flipping a condo, let me share my experience with you on an off market deal we did in Omro WI. This house flip was bought by going direct to seller via a cold calling campaign. Would we do this deal again? Watch the video & find out! We found the owner via a High Equity Absentee list & then were using a dialer to get ahold of him. We ended up paying cash for this property and didn't need private money investors to fund this property for us. There were several pitfalls which we uncovered throughout the purchase, rehab, and sale process. The first being: Buying a condo that is only a 1 bed 1 bath when that is not common for our area. We have done other condo flips with 2+ bedrooms and have profited very well on those. The second: Not conducting proper due diligence and over estimating the after repair value (ARV). I was off by $30,000+ The third: We bought the deal, just to buy a deal. We had a slow point during the winter months & were looking for another deal to flip. If we would have done the proper research we should have renegotiated with the seller or backed out of the contract. __________________________________________________________________________ Carter Crowley runs a house flipping/wholesaling business based out of Oshkosh WI. Since going full time in 2018, Carter & Bryan have completed over 80+ flips/wholesales and have acquired a portfolio of 30+ rent units. In addition to the investment business, Carter holds a real estate license in the state of Wisconsin & has helped clients buy/sell over $20,000,000+ of property. Follow along as we grow our real estate investing business from multiple six figures to a seven figure operation. This will take hard work, dedication, and the ability to go virtual in other markets. Carter will document their journey & show you what it takes to go from six to seven figures in a real estate investment company.