Wholesale Flipping Homes
Becoming a Real Estate Investor
One of the secrets of House Flipping and becoming a real estate investor is focusing your mind and energies on your goal.
No Money No Problem
In "Wholesale Flipping Homes", Dennis J. Henson shows you how you can have no money, no credit and no experience, and still make money.
House Flipping Tips
House Flipping Tips from Dennis J. Henson's Wholesale Flipping Homes explains the intricacies of finding deals to flip.
Motivated Home Sellers
Looking for motivated home sellers is the next step in Wholesale Flipping Homes, and means buying a home for less than it's worth.
Determine Property Value
To determine property value you will need specific information, then you will need to visit the property for a walk through.
The house flipping explored in "Wholesale Flipping Homes" is a bit different than most people think.
House Flipping Tips
Wholesale Flipping Homes
House Flipping Tips from Dennis J. Henson’s "Wholesale Flipping Homes" explains the intricacies of finding deals to flip and networking. Again, Dennis doesn’t just tell you that it can be done, but he gives you the step by step and word for word examples of becoming a successful real estate investor.
There are a wide variety of ways to find deals, but finding deals to flip is a bit different. The first way is just to drive around your area and look for empty homes.
House Flipping Tips #1 - Empty Homes
So you’ve found an empty home, but what do you do now? Send them a letter. But to whom do you send it? And where? Dennis tells you how to find the owners’ name and address, simply and easily. He also tells you what to do or not to do if the house is owned by a bank or mortgage company. Finding empty houses is better than foreclosure lists.
House Flipping Tips #2 - Find Ads to Call
Look in the newspaper and on the internet, and then call them. Look for ads like the “Handyman Special” ad. Often the “Must sell” ads will be realtor ads, because they’ve learned these types of ad get calls. If you call, and it’s a realtor, just thank them and then go on, because you’re not usually going to find deals to flip by calling a realtor’s ad.
Other House Flipping Tips
Pass out flyers and put out door hangers. Place your own ads saying that you want to buy houses. Call FSBO ads. Look for short sales. Attend real estate meetings where you can network and pass out business cards and flyers. Call or visit realtors.
House Flipping Tips #3 – Go to Estate Sales
Dennis shares about some students of his who only work estate sales. They combine their love of shopping with buying houses. On one occasion, they attended an estate sale at a house and found that the deceased owner had also owned some apartments. Therefore, they were not only able to do a deal on the house, but on the apartment building as well.
Estate sales usually occur when someone has passed away. The deceased’s estate has gone into probate, with a personal representative. The heirs have come in and taken the heirlooms, and everything else that is left is sold in an estate sale. Dennis then reveals how to get the information you need to avoid going to the probate office.
Probate is a Pressure Cooker, and when the pressure builds to the point of exploding, if you are there you can make a good deal. To learn more about why dealing with probate properties can be so successful see Wealth Through Probate.
House Flipping Tips #4 – Sends Cards and Letters
Send cards and letters to empty houses, out of area owners, probate and foreclosures. Those lists are readily available. You can buy those lists, although they can be expensive.
House Flipping Tips #5 – Visit City Code Offices
There are a lot of cities in every metroplex. Each city has a City Code Office. This is the office that issues a code violation citation if the weeds are too high in your yard or if the pool water is yucky. Some offices will welcome the real estate investor, some won’t. This is a good way to find homes that have been abandoned.
House Flipping Tips #6 – Networking Works
Wholesale Flipping Homes also provides information on where to find real estate groups in your area. By attending meetings and joining groups you are networking, which is how you “Take Massive Action.” This course will tell you how to contact local banks and where to find active probate attorneys that do most of the deals in an area. The list of ways to network is almost endless, but Dennis gives you specific hints and house flipping tips about how to interact with many of the different people and groups.