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12 February 2025 | 3 replies
Here is the statement expanded to include formulas for doing one flip per year, two flips per year, five flips per year, and ten flips per year: One flip per year: If you start with $50,000 and do one flip per year, aiming for a 35 percent return, your progress would be: Year 1: $50,000 + (35% × $50,000) = $67,500 Year 2: $67,500 + (35% × $67,500) = $91,125 Year 3: $91,125 + (35% × $91,125) = $123,019Two flips per year: If you start with $50,000 and do two flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (0.7 × $50,000) = $85,000 Year 2: $85,000 + (0.7 × $85,000) = $144,500 Year 3: $144,500 + (0.7 × $144,500) = $245,650Five flips per year: If you start with $50,000 and do five flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (1.75 × $50,000) = $137,500 Year 2: $137,500 + (1.75 × $137,500) = $378,125 Year 3: $378,125 + (1.75 × $378,125) = $1,039,844Ten flips per year: If you start with $50,000 and do ten flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (3.5 × $50,000) = $225,000 Year 2: $225,000 + (3.5 × $225,000) = $787,500 Year 3: $787,500 + (3.5 × $787,500) = $2,756,250The key points remain the same, which is to aim for a high return through flipping, reinvest the profits to compound the gains, and be disciplined in order to build significant wealth over just a few years of this real estate investing strategy.
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14 February 2025 | 4 replies
Since then, I’ve worked as a CTO and consultant, but real estate has always been a key focus.
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1 February 2025 | 23 replies
The eviction process can be lengthy, costly, and may result in getting the property back in poor condition.To avoid this, you might consider offering a "cash for keys" arrangement.
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21 February 2025 | 7 replies
Proximity is power, and finding the right group to surround yourself with is key!
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23 January 2025 | 3 replies
Who are a few great companies I could speak with that have turn-key properties available?
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10 February 2025 | 20 replies
The key to success is understanding the nuances of the market—different neighborhoods perform very differently, and having a strong team on the ground is essential.If you’re interested, I’m happy to share some resources on investing in Detroit and what makes it work for BRRRR.
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6 February 2025 | 5 replies
Hi Youssef,I’ve spent some time refining my approach to sourcing quality cold calling lists in the Dallas/Houston markets.
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12 February 2025 | 14 replies
Something as close to turn key as possible but it doesn't need to be perfect.
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16 February 2025 | 5 replies
I would offer them cash for keys, or contact your attorney and start the eviction process if they decline.
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20 February 2025 | 4 replies
I work as a commercial mortgage broker and can source the most appropriate debt depending on the deal.