Befor and After Photos - and 3 Step Strategy.

[Patrick Ryan]

I flipped this house in about 2.5 months. Bought for $77k, received $2k commission for being an agent and receiving the buy side commish. So $75k, + $33k rehab/agent fees. 

TOTAL COST $108k

SALES PRICE: $157,500 no seller paid closing costs. 

Heres my strategy:

#1) Buy Cash, Buy it RIGHT. Find the deals with meat on the bone! FIND THEM! If you have to grind your butt off working 80 hours a week, do it. Get to the point where you are your own boss. How many 55 year old millionaires do YOU know working for someone else? 

#2) Get you license. You will get paid to buy the houses! You can also list for free. I recommend a SMALL BROKERAGE if you don't do a ton of other sales. Bigger name brokerages charge monthly fees that rack up. Shop around when choosing your brokerage and make sure their fees structure is aligned with your business plan. 

#3) Do as much of the work as you can yourself. Overwhelming and frustrating sometimes? Absolutely! But getting out of your comfort zone is what will make your character and skill set a strong one. Be open to learning and listening to the vendors that you do have to hire, so you can DIY next time. Pick their brains!

I feel these three steps create a profitable niche. All the best, hope I helped you in some way. 

Sincerely, 

Patrick Ryan