Cash Flow Guys Podcast

Yep, I was a flipper….rehabber, wholesaler...whatever you want to call it…...I most likely did it and paid taxes for it.  Here are some of my tips for making money on a flip, instead of making it a flop. Avoid auction properties Focus on finding problems, not properties Control the closing procedures and the title process when you buy ALWAYS obtain a municipal lien search Always check for code violations unpermitted work and open permits Be sure you get a reissue credit when you sell from the policy you bought at the time of purchase Buy in a great neighborhood, be sure to buy the ugliest house in the area, not the prettiest one. Share your buying criteria with both Realtors and Wholesalers….be specific and deals will be brought to you. Make sure that everyone on your team can eat…..everyone deserves to get paid if they do a great job. If you pay them well you then can demand a great job! Buy vacant home insurance. A traditional homeowners policy affords NO COVERAGE if the home is not occupied Insist on qual