Creative real estate investing is one of the most exciting businesses to be engaged in, and some of the deals I’ve been able to do without any of my own money or credit absolutely boggle my mind. In fact, they would be somewhat unbelievable if I hadn’t watched it happen first hand in my business on a regular basis. One of those mind-blowing feats involves flipping houses that you have never seen, something I’ve been able to do many times in my career, each time with a healthy $10,000+ profit.
One of my success stories was located at 7821 Hilburn Road in Pensacola. We purchased the home for $84,500 and resold it just 2 days later for $105,000 to a cash buyer, and (after closing costs) walked away with a profit in the neighborhood of $11,000. The home (pictured) was a 4 bedroom, 3 bath home built in 1970 on the Northeast side of Pensacola with over 2000 square feet. Well, that’s at least what they tell me about it, because again…I’ve never set foot inside of the home.
The key to flipping houses you’ve never seen is all about surrounding yourself with a good team. One of our PIG members found the lead, and sent it to me, pocketing a nice $2,000+ check for themselves in the process, and they too never saw the house, or put any money down, or had their credit checked (see how easy this is?!?). My real estate agent met with the sellers and took pictures of the property, and helped secure an end-buyer, making it unnecessary for me to ever view the home. The ultimate win/win deal.
For a limited time, you can get our entire short sale system, which details the EXACT step-by-step process that I used to complete this deal for just $97 ($597 Value). This course contains 6 audio lessons, the “Settlement Statement Strategies” video, as well as all of the contracts and forms that we use in our business. Grab one of our limited copies at this price today by clicking here!
Other Recent Posts by the Professional Investors Guild