How To Flip Houses Step by Step (HOUSE FLIPPING 101)!

[@RealEstateSkills]

🔥Your new real estate career starts with Real Estate Skills! Book a call with my team to join our program and community, APPLY HERE: www.realestateskills.com/apply?el=htfhsbsapp 🥇Check out our ULTIMATE INVESTOR PROGRAM on How To Get Started Wholesaling & Flipping Houses: ➡ realestateskills.com/ultimate-investor?el=htfhsbs

[@shanbartonrealtor6436]

😊

[@rosaleepeart9388]

How many teams do you have in your calling team? What are their names Infro is really good! Thank you.

[@jennifersilletto179]

I haven't finished this video as I am commenting but you should add about forming LLCs and how to keep track of expenses etc

[@RealEstateSkills]

@jennifersilletto179 Forming an LLC is definitely very important. Thanks for the ideas and We will add them to the list! Cheers! 🏠

[@jennifersilletto179]

@@RealEstateSkills I am also flipping and have been watching a bunch of YT videos on what is the right way and where to form the LLCs... That is a lot of researching to do as well.

[@RealEstateSkills]

If forming the LLC is proving to be difficult, you can always use a service to help you! Both our students and us have used Prime Corporate Services in the past and have had a great experience. You can book a call with them and ask any questions you might have about forming your LLC. Here is a link: primepartner.info/resbt We also put out a video talking about the benefits of forming an LLC when flipping houses. It's worth a watch and might shed some insight on the subject for you! 🙂 kzbin.info/www/bejne/j3fch6F5Zsd9aMU Stepping back to tracking expenses you can use something like QuickBooks or also so a free google spreadsheet. Cheers! 🏠

[@jennifersilletto179]

@@RealEstateSkills actually I did use PCS but I know how to form an LLC. But there are more advanced strategies. I've met with an attorney from KKOS and tax strategist as well. I guess I am trying to do a lot in a short time. I am flipping in IN, OH, MI with partners too. Some are flips and some are buy and holds. I have an S Corp, Holding company and LLCs with the 2 partners

[@RealEstateSkills]

That is awesome to hear you're so active with real estate investing! Were there any strategies you learned that stood out from the people you consulted with?

[@NyAsiaHagans]

Wow this a great video! I've been looking for a true step by step!

[@RealEstateSkills]

Thank you for watching and hope you found it informative! If you are looking to learn more about our tips and strategies for investing in real estate, check out our FREE webinar: www.realestateskills.com/webinar?el=htfhsbs Happy investing!

[@justinskelly2514]

Best video I’ve seen so far

[@RealEstateSkills]

Hey Justin! Thanks for the comment, much appreciated. Put a lot of effort into this vid. If you found value, please shoot us a Subscribe! We'll be coming out with more great content on wholesaling, flipping houses, & all things real estate! Cheers & Happy Flipping! 🏠

[@josemoran3715]

Great video thanks so much for the information 🙏

[@RealEstateSkills]

@josemoran3715 We're glad to hear you learned something! What was your biggest take away?

[@michaeldeutsch7139]

Thank you for this video...I learned a lot!

[@RealEstateSkills]

Thank you for watching! If you are interested to learn more about our strategies on investing in real estate, check out our FREE webinar: www.realestateskills.com/webinar?el=htfhsbs Happy investing!

[@delisawilson464]

Thanks for all the in-depth information, your help is greatly appreciated

[@RealEstateSkills]

Hi Lisa Lisa! You're very welcome! 🙌 I'm glad you found the information helpful! If you have any more questions or need further assistance with real estate investing, feel free to reach out. Keep up the great work, and happy investing! 🏡💰💪

[@rebeccasellstheshore]

As a realtor I loved this video! Just think 1.5% to list-market and stage 😮

[@RealEstateSkills]

Hi Rebecca! Glad you loved the video! 🙌 Yes, offering 1.5% for listing, marketing, and staging can definitely be eye-catching! For investors and wholesalers, keeping listing costs low is key to maximizing profit, and smart marketing strategies like this help create win-win deals. Thanks for watching and supporting the channel-appreciate it! If you have any more insights or tips from your experience as a realtor, feel free to share! Cheers! 🏡💬

[@mannicervantes686]

Quick question not sure if I missed it or you haven’t said anything but when you find a real estate agent to help you find deals she/he will be a buyers agent so who pays them

[@RealEstateSkills]

Great question! A buyer’s agent typically earns their commission from the seller, as the total commission is split between the buyer’s and seller’s agents. This makes it cost-effective for you to use their expertise-just be upfront about your goals and ensure they’re investor-friendly! To learn more about our real estate investing strategies, check out our FREE webinar too: www.realestateskills.com/webinar?el=htfhsbs Hope that helps. Cheers!

[@-LUQUIN-]

What could be a fair percentage to split the profit if I buy a house and my partner put the the renovation to sell it.

[@RealEstateSkills]

Great question! Profit splits in real estate deals typically reflect each partner's contribution and risk. Here is quick breakdown below: Contributions: One party covers purchase costs while the other funds renovations. If you invest $100k and your partner contributes $50k, total investment = $150k. Your share is ~67%, and your partner's is ~33%. Adjustments: Modify splits if one party adds extra value. Common splits are 60/40 or 70/30. Document everything in a Joint Venture Agreement to avoid disputes. Check out a similar article we have that talks about JV Wholesale: www.realestateskills.com/blog/jv-wholesale?el=htfhsbs Hope this helps!

[@EvoZennon]

GOLD 🥇

[@RealEstateSkills]

@evgenyzhenin5602 Thank you, we do our best! 💪

[@arshiaagah1403]

How come we are not also subtracting the repair cost from the ARV in the MAO formula?

[@RealEstateSkills]

Hi Arshia Agah! Great question! The repair costs are already subtracted in the MAO formula: MAO = ( ARV × Discount Percentage ) − Repair Costs MAO=(ARV×Discount Percentage)−Repair Costs If you subtracted repair costs directly from the ARV, it would double count the deduction. This formula ensures you account for repair costs without reducing your offer twice.

[@RossoCorsaGallery]

In step 7 you mentioned the purchase price is "440", all the cost calculations are based on that number but aren't you doing this step to actually calculate the purchase price?

[@RealEstateSkills]

Great question! You're absolutely right-the goal of Step 7 is to find the purchase price based on the after-repair value (ARV), repair costs, and other expenses using the MAO formula. "440" is just an example used to illustrate how we plug in the numbers and adjust accordingly. The final purchase price is determined after completing the full analysis. Hope this clears things up! Let me know if you have any more questions. For more details, check out our blog: www.realestateskills.com/blog/how-to-flip-houses. Cheers!

[@Oldpathsnm]

Tried to sign up for the free training but it keeps telling me my email is invalid- but it’s not. 🤷🏻‍♀️

[@RealEstateSkills]

Hey there! We're sorry it's not working, that's annoying! We just tested it on our side to the training link here: realestateskills.com/training?el=htfhsbs It works on our end when we tested it! Sometimes we can accidentally put ".con" rather than ".com" and then it would be an invalid email address. Or sometimes, we forget to put the ".com" at the end! Hopefully it works for you the next try! Wishing you nothing but the best! Cheers!

[@ireneeblock]

Love this video, super informative! I’m a Realtor for Compass serving all of the North County. Investor friendly agent ☺️ Hit me up, I can help!

[@RealEstateSkills]

Thank you for watching! If you are interested to learn more about our strategies on real estate investing, check out our FREE webinar: www.realestateskills.com/webinar?el=htfhsbs Cheers!