Cash Flow Radio

GREAT NEWS


We're so excited about this news we can barely contain ourselves! 

Flip University co-founder Michael Owen is now on the radio.  Monday mornings, 9am-10 CT Michael co-hosts Cash Flow Radio on JoCo Community Radio.

The response to the first ever live show has been overwhelming!  Over 11,000 in under a week have tuned in for Cash Flow Radio.  

Hosts Michael & Chase discuss how to improve your cash flow using real estate investing.  It's great information and it is yours free!

Listen to JoCo Community radio live by clicking here.

You can watch or listen to the very first show here:  

If you aren't already on our mailing list, be sure to sign on to get complimentary email reminders of upcoming shows.

 

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The Importance of Doing Your Due Diligence

Importance of Doing Your Due Diligence

Host Michael Owen discusses the importance of doing your due diligence when it comes to flipping houses.

  • Verify the ARV (after repair value)
  • Verify the needed repairs
  • Verify the estimated cost of the repairs
  • wholesalers tend to overestimate ARV and underestimate repairs
  • watch out for contractor liens and tax liens
  • watch out for wholesaler contract fees

While this is not an exhaustive list, missing any one of these details can reduce your potential proft.  Or worse yet, it could put you in a loss position on your flip.

For more information on products and services offered by Michael, please visit us online by clicking here.

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DIY vs Hiring Contractors

 

Do It Yourself

DIY is a way to keep your costs down on your flip.  If you have the skills, and can do good work this might be an avenue to consider.  Bear in mind, the time you spend doing the work yourself is time you aren’t spending on finding a buyer, or finding your next investment property.  You have to remember that your work will probably be placed under close scrutiny by a home inspector.  If the work isn’t good, it will end up costing you money.  Any sub-standard work or issues found will result in the buyer asking for concessions on the sale price, or demanding the work be repaired or redone.

Hire a Contractor

If you are hiring a contractor, be sure to hire someone who is bonded and licensed.  Check out the contractor online for reviews.  Ask the contractor for references of people that he has done work for.  You may find contractors at home improvement stores such as Home Depot or Lowes, buying larger...

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Tips for Your Real Estate Flip

 

When it comes to flipping houses, Flip University co-founder Michael Owen knows his stuff!  In this video blog, he gives very useful free tips and advice on how to invest in and capitalize on your flip properties.

Tip #1

It is very important to know your numbers and local real estate market factors.  Your research begins well before the foreclosure auctions.  You need to have scoped out the properties you are interested in, and have done the math on the numbers including the bank value (minimum bid), square footage, cost per square foot, budget for anticipated repairs, comparative market values, and the after-repair value.  This will help you decide on the top dollar you should pay for a given property.

Tip #2

Be disciplined at the auction.  Do not let yourself get involved in the heat of the auction.  Do not bid above your researched top dollar value for the property.  Emotions and ego do not pay the bills -- disciplined research will help...

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