Flipping Houses for Profit So you want to learn how to; “Flip Houses and make Big Money?”

Class Outline Presenter’s Bio’s & team members Educational resources Discussion of the flipping business and the 3 avenues of income; flipping houses, wholesaling, representing investors as buyer and seller clients. Focus on adding the flipping business to your business model.

Why Add house flipping to your business model? Don’t run with the herd Acquire valuable info on real estate investing Develop additional income streams from multiple transactions or several income streams from the same transaction Build a profit center through the development of a data base of investors

Class Outline Cont. The most common excuses used to avoid pursuing the flipping/investment business. The 3 main elements of flipping, lead generation, finding/analyzing/buying property, renovating and selling the property. Defining the target market

Class Outline cont. Various methods of lead generation… Collateral materials (examples) Marketing (Direct Mail, Door knocking, Phone, wholesalers, Listing service) Marketing through placing internet ads on Craigslist and calling on adds placed on Craigslist, Forsalebyowner.com

Class Outline cont. Analyzing property to determine what is a good or bad buy and the criterion used. Financial analysis of a property The elements of the contract to purchase Using your preferred law firm to ensure legal protection. The Scope of Work for a rehab job

Acquiring The Money Buy For Cash Hard Money Lenders Private Lenders (Angel Funding) Commercial Lenders Owner financing Partnering

Class Outline cont. Wholesale Flip Business; Benefits; To pay cash and close or assign contract Very little cash needed (”Tie It Up”) Prospecting methods Contracting for a wholesale flip. Various elements of the contract.

Class Outline Cont. Discussion and review of Transformers recent renovations with property photos, the process and outcome of Transformers latest flips (Retail and Wholesale) Discussion includes; financial analysis, scope of work, budgets, accounting, staging, post renovation property inspection, private lender and profit on the deal, photos of Renovations.

Legal Entity Doing Business in Ga. Which Legal entity to use to buy/sell property in Georgia. Why not just buy personally? How to set up the legal entity? Documentation, Banking, etc. Disclosures to use in the Purchase and Sale Agreement in relation to license and material relationship disclosures

Contract Disclosures in contract to buy/sell with Georgia Corp. When Agent is buying in the name of a corporation or LLC. Example for LLC: Purchaser is the managing member or member of XYC LLC and is a licensed realtor in Georgia. The same is used for selling by substituting the word seller. Best Policy; Check with your broker!

Contract disclosures cont. Selling agent is Member of (name) LLC. Listing agent is Member of (name) LLC. Listing agent is related to Members of (name) LLC Selling agent is related to Members of (name) LLC