Remote Fix & Flips and Auction vs Open Market Purchase - Webinar

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Transcript of Remote Fix & Flips and Auction vs Open Market Purchase - Webinar

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The information in this presentation and the programs they present are for general informational purposes only.

They do not provide legal, business, financial or personal advice related to individual situations and should not

be relied on as such. The educators and presenters of the information and others involved have taken reasonable

precautions in the preparation of the information and believe that what is presented is accurate as of the date it is

written and presented. However, they do not guarantee or warrant that it is accurate, complete, up-to-date or will

produce certain financial results. Further, they assume no responsibility for any errors or omissions and disclaim

any liability resulting from the use or application of this information. All of it is general in nature and may not

apply to particular factual or legal circumstances. Laws and procedures, particularly those relating to real estate,

change from country to country, state to state and county to county, and are subject to differing interpretations.

The information is not intended to substitute for obtaining legal advice from competent, independent legal

counsel in the relevant jurisdiction. If you want legal advice, please consult a lawyer. The presentations are not

intended to create and your use of the information presented does not constitute a business or lawyer-client

relationship between you and the presenter, the authors of the information and others involved with the

information. This information is not a substitute for sound business and legal judgment, and you should

not act upon any of it without first confirming that it is appropriate for your situation.

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Remote Flips:

Auction

Open Market

Case Studies

Q & A4

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»Before:R˃eview List

D˃rive by

A˃djust list and numbers

G˃et ready to auction

»Auction Day

»After 7

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»RisksN˃o Inspection

N˃o title insurance

T˃ile issues

»BenefitsT˃he lowest price point

M˃argin for high profits

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» Purchase date 9/4/2012

» purchase price $72,000

» Renov. costs $20,000/$12,000

» Total investment $104,000

» Selling price $129,900

» Listing date 10/27/12

» Offer date 10/28/12 (less then 24 hours)

» Offer: $129,900

» Closing date 11/27/12

» Duration ~3 moths

» Profit ~$19,000

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4 / 2.5 | 2,596 Sq. Ft. | 1989 Built | 2 Car Garage | Pool

Purchased: 10/2/12 @ $146,000

Rehab: $15,000

Total investment: $161,000

For sale: 11/2/12 (30 days) @ $209,900

Market Value: $216, 600

Rent: $1,900

Estimated Profit: $38,500

Estimated duration: 4 months

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Option 1 Option 2Purchase price $81,601 $81,601 Rehab $20,000 $-

Total expenses $101,601 $81,601

Sell at $130,000 $107,000 Closing costs (agent fee+title+taxes) $8,200 $7,280

Total revenue $121,800 $99,720

Total profit $20,199 $18,119

Local Team profit share (40%) $8,080 $7,247.60 SDI profit share (20%) $4,039.80 $3,623.80 **Investors profit share (40%) $8,079.60 $7,247.60 **Investors cash on cash 16% 18%**Estimated duration 4 months 1 month**Annual 48% 213%Purchase Date 11/6/12 11/6/12Selling Date 3/1/13 12/1/12

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»Purchase Methods:A˃uction

O˃pen Market (cash or financing)

»Investment options:O˃ption 1 – buy individually

O˃ption 2 – join a flip group

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»Ways to mitigate risk

»Ways to diverse risks

»Timeline: Next auctions 12/4 & 1/1

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Group

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FREEONE ON ONE STRATEGY SESSION

(in-person | phone | Skype)

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REGISTER

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Step 1 – Defining Your Strategy• Where to invest• What’s right for you• Obstacles elimination• Getting ready – financially• Getting ready – mentally

Step 2 – Finding a Property• Working with local team• Evaluating & analyzing deals• Making offers & negotiation• Completing purchase

Step 3 – Rent / Flip

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Dallas

Atlanta

Orlando

Simply Do It Network

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Markets & Programs Dallas Orlando Atlanta

Rental

Flips

Local Teams:

Agent

Property Manager

Rehab team

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Get Started

Dani Beit-Or

[email protected]

simplydoit.net

Properties: connectrei.com