1. with Josh Cantwell

2. Welcome to $40k Flips! $40k Flips Goals:
Find 1 Private Investor (Freeland Lending or other)
Have Investor fund 1 profitable transaction
Find 1 reliable contractor to outsource improvements to
Launch your property
Close 1 $40k Flip big profit deal

3. $40k Flips Agenda
Core classes every Tuesday and Thursday at 2pm EST/11am PAC starting on June 7th
Core 1: FUNDING
Core 8: OUTSOURCING IMPROVEMENTS
Core 2: FUNDING
Core 9: PROPERTY LAUNCHES
Core 3: FUNDING
Core 10: CLOSING
Core 4: FUNDING
Core 11: TRACK YOUR CASH
Core 5: DEALS
Core 12: BUYERS
Core 6: DEALS
Core 13: BUYERS
Core 7: OUTSOURCING IMPROVEMENTS
Core 14: ALTERNATE EXIT STRATEGIES

4. $40k Flips Membership Site
You should have received a username and password when you signed up
TO DO:
Watch my welcome video and site tutorial
Review all previous Quickstart classes & materials
Post in the Forum
Review all resources
Register for all upcoming classes

5. $40k Questions General Support Questions
Click the “Support” tab on your $40k Members site to visit our Customer Support Portal
Call us at
us at

6. Pancreatic Cancer Action Network
I am a Pancreatic Cancer survivor
Thank you for your enrollment - 5% of all proceeds from $40k Flips will go to the Pancreatic Cancer Action Network for clinical trials and research
Pancreatic Cancer has just an 8% survival rate and is the 3rd leading cause of cancer-related death
PurpleStride on June 11, visit

7. Freeland Lending
In the $40k Flips membership site, click on the “Freeland Lending” tab at the top to:
See if your deal qualifies by submitting it to the Deal Genie
Review Freeland’s Lending Matrix
Download your Pre-Approval Letter
Walk through Deal Genie process on Freeland’s website

8. Deal Genie
Locate a property that looks profitable and submit a “Deal Genie”
Name
Address
Purchase Price
Repairs
After Repair Value (ARV)

9. Automated Offer Formula
Take the realistic, saleable After Repair Value (ARV) x 65% - Repairs = Your Maximum Offer Price

10. Freeland’s 8 Phases of Underwriting1 2 3 4 5 6 7 8

11. Phase 1: Inquiry
Submit your deal through the Deal Genie – does NOT have to be under contract
Example 1: If your ARV is over $400,000
Purchase + Rehab up to 70% = $280,000
We roll all closing costs on top of the loan, so your loan may actually be for $300,000
Actual loan amount is 75% of ARV because closing costs are ON TOP OF the rehab
Example 2: If your ARV is $399,999 or below
Purchase + Rehab up to 65% = $260,000
Roll all closing costs on top of the loan, so your loan may be for $280,000
Actual loan amount is then 70% of the ARV

12. Phase 2: Deal or No Deal Coaching
We will personally coach you
If it’s a “Deal,” we coach you to get it under contract
If it’s “No Deal,” we coach you on WHY so you know what to look for on the next one
Loan Application Request
Should be 4 attachments in that T&C, Rate Sheet, FAQ’s & Loan App
Remember, we get over 100 deals submitted to us at a time, 45% we would like to issue a loan on. 55% we either don’t have enough info or LTV is too high.

13. Phase 3: Loan Application & Due Diligence
Use Freeland Lending Verifiable Proof of Funds Letter and make offers with confidence
Get the property under contract and send us the deal and a loan/partnering application
We do our due diligence and pull credit from 1 agency - what we are really looking for is on-going divorce, foreclosure, felony or bankruptcy. Not so much the credit score.

14. Phase 4: Loan Approval/Closing
“Freeland Lending APPROVAL TEAM” considers your level of experience when approving a loan
We use specialized tools and simple research to approve your deal
Executed P&S Agreement
Contractor Estimates
RealQuest Comps Software
Site Inspection with Pictures and Video
Neighborhood Crime Reports
Days on Market
3rd Party Appraisal
Background Check
Title Search and Report loan

15. Phase 4: Loan Approval/Closing Continued
Freeland Property Analysis Process
Save money on appraisal
Site Survey of property (on-site visit to review property and rehab guide)
Pictures and videos of property provided
Net Profit Calculator worksheet showing anticipated net profit from deal
A RealQuest report on the property (provides valuable info about the property not available on free sites like Zillow or Realtor.com)
Freeland summary write up about the property including areas for concern and opportunity

16. Make sure this is the most up-to-date Lending Matrix

17. Phase 5: Rehab & Servicing
Deal is CLOSED.
Freeland Lending’s Servicing Project Manager will call you the first week of each month to follow along with you on your deal while you reposition it.
The Servicing Project Manager will answer questions along the way. We support and track your progress.
Get in a bind? We’re your partner. We’re here to help.
We want you to succeed and we want to protect our investment.

18. Phase 6: Payoff You’ve launched and sold the house OR
You decided to keep it and refinanced it (using our affiliate network)
Our investment is paid back at closing with interest (within 6 months)
Partnership is complete
Let’s go do another one!

19. Phase 7: Affiliate Lender Referral (if needed)
Freeland Residential Affiliate Matrix
Freeland Commercial Affiliate Matrix
Our Nationwide network of affiliate lenders may fund a deal when we can’t. Example: We don’t fund deals in Hawaii or Alaska.
So we’ll refer you when appropriate and make every effort to get you “funded” through our network.

20. So just move on to the next one.
Phase 8: Not a Deal
If a deal is submitted to Freeland Lending and it’s determined to be “NOT A DEAL”, it’s simply moved to Phase 8: Terminated.
The good news is that if we tell you it’s “not a deal” we just saved you a lot of time, energy and money when you may have tried to do a deal where there wasn’t one and LOST MONEY.
Trust us – after completing nearly 2,500 deals over the past 10 years, we know when we smell a “bad deal”.
So just move on to the next one.

21. Homework
Unsubscribe from all other real estate s so you can focus just on your $40k Flips training
Buy a “Josh Notebook”
Watch & review as many archived Quickstart classes as possible in the $40k membership site
Write down a list of everyone you know who could buy a house from you, sell a house to them, get private money from, etc.
Read “Work the System” by Sam Carpenter