Today Tom talks with Jessie Rodriguez from HGTV’s Reality Show Vintage Flip about how to find investors and business partners!
If you’re passing up deals my friends, you’ll want to watch the rest of this interview and see just how much money you can make by flipping houses for yourself!
In this episode of the #TomFerryShow, you will learn:
- How flipping houses can end up making a huge commission
- How to find investors
- How to calculate your own risk formula
Learn More: http://bit.ly/2uOYkzU
The #TomFerryShow is here to help real estate professional stay ahead of the curve to always be innovating, changing, adjusting, staying as relevant as possible with the very best tools, the right-now strategies, and the things that are working today for rock star agents!
I hope you got some helpful tips and new ideas from this video. To ensure you don't miss all my FREE training videos all you have to do is sign up here with your email: http://bit.ly/TomFerry-VideoTraining
Tom Ferry Coaching:
http://bit.ly/2rbbLGE
Tom Ferry Events:
http://bit.ly/2qSWqNq
Join Tom's VIP List:
http://bit.ly/2sMb73n
Connect with me on my other social channels:
Website - http://TomFerry.com
Facebook - http://facebook.com/TomFerry
Twitter - http://twitter.com/TomFerry
YouTube - http://youtube.com/RealEstateTrainingTF
Instagram - http://instagram.com/TomFerry
Podcast - http://soundcloud.com/CoachTomFerry
If you’re passing up deals my friends, you’ll want to watch the rest of this interview and see just how much money you can make by flipping houses for yourself!
In this episode of the #TomFerryShow, you will learn:
- How flipping houses can end up making a huge commission
- How to find investors
- How to calculate your own risk formula
Learn More: http://bit.ly/2uOYkzU
The #TomFerryShow is here to help real estate professional stay ahead of the curve to always be innovating, changing, adjusting, staying as relevant as possible with the very best tools, the right-now strategies, and the things that are working today for rock star agents!
I hope you got some helpful tips and new ideas from this video. To ensure you don't miss all my FREE training videos all you have to do is sign up here with your email: http://bit.ly/TomFerry-VideoTraining
Tom Ferry Coaching:
http://bit.ly/2rbbLGE
Tom Ferry Events:
http://bit.ly/2qSWqNq
Join Tom's VIP List:
http://bit.ly/2sMb73n
Connect with me on my other social channels:
Website - http://TomFerry.com
Facebook - http://facebook.com/TomFerry
Twitter - http://twitter.com/TomFerry
YouTube - http://youtube.com/RealEstateTrainingTF
Instagram - http://instagram.com/TomFerry
Podcast - http://soundcloud.com/CoachTomFerry
Yes
Hello my friends. My name is Luke Elbert. I am a contractor in Atlanta. I have a property here in Atlanta selling for 80 needs approx 15 labor and material. Comps are selling 165. Ill do the work. You put up the money. Split the profit.
Call me 678 760 7911
Luke
Wet Paint Productions
Great interview and info guys. My daughter just wrapped a pilot for HGTV and I'm getting my real estate license to support her. And the build my own business of course. Someday Tom will be my coach too 😉
The best deals are found off the MLS… FSBO's are great to work but my fav is NOD & NTS lists… I was flipping homes 2002-2008 and after the meltdown I did not flip any homes until this year… Now is the time!! Low inventory and low interest rates make this an amazing time to get flips done!! Thank you Tom Ferry I love watching people having success as it just makes me even more motivated… The Summit was AMAZING!!!!
Fuck you TomFerry!
LOVE this video? BUT, I have some questions…..
10% – 12% Cash on Cash return, or on the amount of the Purchase on the acquisition/disposition, plus repairs/upgrades, carrying costs, net of closing costs?
$200,000 Purchase Price
$40,000 Down Payment (20%)
$160,000 1st Note & 1st Deed of Trust (held ±6 months at 4% interest/annum, 30 yr amort).
6 Months Payments at $750/month for P & I ($4,500)
6 Months Insurance & Taxes at $300/month ($1,800)
$25,000 in Repairs/Upgrades
Even 15% Cash on Cash return, as an investor, sounds very low for the level of risk involved, capital deployed, etc.
$40,000 Down
$4,500 Debt Service
$1,800 Taxes & Insurance
$25,000 Repairs/Upgrades
$7,130 as a 10% Contingency
$78,430 Total Cash Invested PLUS the RISK of the $160,000 Loan???….10% return on my money? C'mon guys. That's not a good enough return.
Do you REALLY get people to invest with these figures?
Don't give the address
YES!!!!!!!!!!!!!!!!!!! This is exactly what I am starting at the end of this month. Pulling a huge HELOC out of my new house to buy and sell with, then either sell or rent and refinance. Thank you for the reminder inspiration this morning!!
Gunna be a realtor, i like your messages. Keep it up.