Flipping America
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Real Estate Investing Quick Start
REI Quick Start. Let's Go!
Introduction
Lesson One: Ready, Set...
Lesson Two: What to Offer
Lesson Three: The Numbers
The Numbers Quiz
Lesson Four: Wholesaling
Lesson Five: Estimating Repairs, Part One
Lesson Six: Estimating Repairs, Part Two, The Default Repair Formula
Lesson Seven: Making the Offer
Lesson Eight: What to Say
Lesson Nine: The Paperwork
Lesson Ten: Connecting with Sellers
Lesson Eleven: Working with Realtors
Lesson Twelve: Working with Bird Dogs
Lesson Thirteen: Setting up the Office
Lesson Fourteen: Marketing Budget
Lesson Fifteen: Finding Buyers
The Numbers Quiz
The ARV is 175k. Repairs are 35k. What is the MAO?
*
$87,500
$114,500
$98,000
Pay Attention! The ARV is 550k. Repairs are 50k. What are you offering?
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$305,540
$335,000
$360,000
The wholesaler offers you a property at 90k. He says the ARV is $270k after a 100k rehab. What do you do?
*
Put it under contract! It fits the numbers!
Send it to your coach, mentor, or lender for approval
Check everything thoroughly. It looks like the wholesaler knows the formula and made this property "fit."
The seller wants 180,000. The repairs will be 60,000. What price range do you hope to see on the repaired comps in the area?
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Anything above 300k.
305-310k
340-360k