You Have 2 Minutes

In this instant gratification world we live in, buyers expect a quick response when they contact you about a property.  As a general rule, you have 2 minutes before they move onto the next property, the next realtor, or the next seller.  You have to be prepared to reply FAST.

There are a number of ways to ensure that you get back to your prospects quickly.

  • answering service
  • auto phone responders
  • auto email responders
  • auto text responders

The method or methods you choose are completely customizable.  But whatever you do choose, you want to make sure that your prospects get a quality reply, quality feedback in a very short amount of time.

Watch our video to learn more!

For more information, visit us at http://www.FlipUniversity.com or on http://FaceBook.com/FlipUniversity.

 

 

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Our Favorite Marketing Hack

Have you ever had to hire a professional for a marketing service such as designing your logo, stationary, business cards?  If you have, you know the costs can really add up quickly.  Enter Fiverr.com.

Fiverr.com

DISCLAIMER: FlipUniversity does not have any affiliation with Fiverr.com

Fiverr.com is our go-to source for almost all of our marketing needs.  Fiverr is a platform from which many independent contractors offer professional services starting at only $5.  

Some of the services you can find on Fiverr include:

  • graphic design
  • logo design
  • website design
  • SEO
  • video animations
  • whiteboard animations
  • narration
  • audio transcription
  • social media banners
  • ghost writing
  • and the list goes on...

Go to Fiverr.com.  After you have created your free account, start browsing for the service you need.  We recommended sorting the results by top ratings.  

Almost all services start at $5.  Prices can go up as you add options such as rush delivery, or access...

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How To Determine a Construction Budget For Your Flips

budget flip how to Sep 09, 2017

When it comes to construction budgets, you have to start with the end in mind.  You have to ask yourself:

  • is this for a quick flip with maximum profit?
  • is this for a rental property you plan to own?
  • is this a construction project for a friend?

The planned use of the project will most definitely affect the decisions you make in terms of the repairs and renovations you want to tackle, and at what price point the finishes will be for things like paint, flooring, appliances, etc.

The best way to determine a construction budget is to make a complete list of all the anticipated repairs and renovations, and include estimated costs.

This list might include:

  • roof repairs or replacement
  • masonry or siding repairs
  • new paint
  • plumbing
  • lighting fixtures
  • foundation repair
  • etc.

If you haven't already, it is best to develop a rapport with the contractors you use to help get quick estimates on any jobs you yourself cannot accurately put a price on.

Once you have a price for materials and...

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What You Should Know Before Buying Land

In some markets, the supply of homes to flip may be too limited for your investment goals.  Some investors turn to buying land and building homes to sell at a profit.  

This can be a great way to earn profits in real estate.  However, you must do your homework.  There are many things that you need to check out in detail.  These include, but are not limited to:

  • zoning
  • single family / multi-family / low or high density use
  • frontage requirements
  • will you need to build a road?  Emergency turn arounds?
  • access to city services 
  • will you have to build infrastructure for water, sewage, electricity?
  • proper drainage

Flip University co-founder Michael Owen talks about these and more in this week's video.

We welcome your comments, questions, and suggestions!

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Disclosure and Negotiation - Buying Investment Property

When you are buying an investment property, there are things you need to disclose to the owner, particularly if you are a realtor as well as an investor.

Michael Owen discusses the ethics behind disclosure when buying real estate for flipping.  He also gives advice on how to make your disclosures while negotiating the purchase of the investment property.

We welcome your suggestions for future blog topics.  

 

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How to Find Houses to Flip

One of the most common questions I get asked is, "How do you find houses to flip?"

In this week's video, host Michael Owen explains his best technique to locate homes to flip.  For a relatively small investment, you can purchase data lists of people behind on their mortgages.  These lists can be custom-ordered to criteria that you are looking for.  You can specify the price range, location, and other factors.

Michael uses DataListLeader.com.  Ziggy at DataListLeader can get you the information you need at a reasonable price.

From there, you need to send out mailers to the people on that list.  It is important to use envelops or postcards that stand out from other mail.  We often use yellow paper, and handwritten addresses on the envelopes.  

It is a good idea to contact the same people 3 times, a few weeks apart.  This has been shown to be more effective than contact 3 times as many people one time.

Contact Ziggy at http://DataListLeader.com...

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An Interview with Flip University

This week's blog post is a special edition.  Flip University founders Michael Owen and Thomas Detert do an interview-style video talking about:

  • why real estate
  • can anyone do it?
  • how to start with no money
  • how real estate investing changed their lives
  • their motivations for creating Flip University
  • the upcoming AFFORDABLE online comprehensive A-Z real estate investing course
  • and more!

Just click on the video below, sit back, and enjoy!

 

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Finding Your Success

real estate success video vlog Jul 15, 2017

Coming to you from Denver, CO, Michael Owen talks about how success in real estate and making money by flipping houses has changed his life, and the life of his business partners and colleagues. Flip University can help you find similar success, and shorten your learning curve to do so!

Website: http://www.flipuniversity.com
FaceBook: http://facebook.com/flipuniversity
Twitter: http://twitter.com/universityflip

Partner Tom's Mental Health Project: http://www.defyingdepression.com, http://facebook.com/DefyingDepression, http://Twitter.com/defying_d

Tom's Photography: http://facebook.com/tomsview

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Winning At Real Estate

Winning At Real Estate

In any field, sport, profession, trade, or what have you, there are always some people who are very successful, and those who are not.  Many blame the competition, the economy, or other external factors.  The field, the sport, the profession, or trade does not care who you are, or where you come from.  You simply have to know what to do, when to do it, and get out there and do it.  And a little bit of luck never hurt!

In order to maximize your odds at achieving the success you want, you must have a firm grasp of the skillset you need.  That means studying.  Studying others who have the success you want.  Learning the nuts and bolts.  Finding mentors to help move your success along.

Achieving success is a huge motivator.  That motivation will lead to more success, which in turn leads to more motivation.

If you want to learn the nuts and bolts; if you want the motivation and success, check out our online content here...

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Involving Your Kids

For this week's vlog, I wanted to do something a little different.  How we lead our lives and who we share them with are just as every bit important as how we earn our living.  In today's video, we have a very special guest joining us -- my 2 year old son Cole.

Cole is very important here behind the scenes at Flip University.  He is my motivation for changing my life -- giving up law enforcement, giving up living check to check, and creating a better life for myself, and my family.

I want to ensure that I prepare Cole for what lies ahead.  I feel it is very important to take advantage of everyday opportunities to get him involved so that he can learn from me.  After all, one day he will have his own family to take care of.

I hope you enjoy this special edition of the vlog!

Sincerely,

Michael Owen.

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