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

3. 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.

4. 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

5. 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

6. 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

7. 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

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

9. 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.

10. 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.

11. 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

12. 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!

13. 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