How to Make a Million Dollars a Year Flipping Houses

Jerry Norton

Description

If done correctly and with the right system, flipping houses should be a million dollar a year business. After doing hundreds of deals, the nation's most highly sought after expert reveals his exact system to find, analyze, renovate and sell houses earning $25,000 (or more) per deal. From construction worker to millionaire, Jerry not only shows you his comprehensive, step-by step system to flip 40 deals (or more) per year in any market, regardless of expertise or experience, you will also learn how to:

-Set up follow a step-by-step systematic approach to each aspect of the business
-Beat the competition to the best deals
-Consistently find deals each and every month
-Accurately estimate repair costs on any deal in 15 minutes or less
-Identify the ideal property and area to flip houses
-Sell your properties in 30 days or less
-Renovate a home with no delays even if you have no experience
-Select the exact materials and the design to attract the ideal buyer
-Organize and maintain a budget
-Effectively find and manage the best subcontractors to do all the work
-Determine the precise after-repair value (ARV) of any deal
-Find unlimited sources of other people's money (OPM) to fund your deals
-Put the system and team in place to leverage your time (remove yourself from the model)

Finally a practical, easy to follow approach to flipping houses. With dozens of examples and case studies, you finally have the blueprint to make a million dollars a year flipping houses...

Sujets

• Maison
• Entretien de la maison
• Santé et bien-être
• Développement personnel
• développement personnel
• Success
• Self-help
• Personal Growth

Informations

• Publié par: eBookIt.com
• Date de parution: 03 décembre 2014
• Nombre de lectures: 0
• EAN13: 9781456623470
• Langue: English

Extrait

How to Make a Million Dollars
a Year Flipping Houses
 
 
by
Jerry Norton

Copyright 2014 Jerry Norton,
All rights reserved.
 
 
Published in eBook format by eBookIt.com
http://www.eBookIt.com
 
 
ISBN-13: 978-1-4566-2347-0
 
 
No part of this book may be reproduced in any form or by any electronic or mechanical means including information storage and retrieval systems, without permission in writing from the author. The only exception is by a reviewer, who may quote short excerpts in a review.

Disclaimer
This disclaimer governs the use of this eBook. By using this eBook, you accept this disclaimer in full. This disclaimer was created using an SEQ Legal template.
No advice: The eBook contains information about real estate. The information is not advice, and should not be treated as such. You must not rely on the information in the eBook as an alternative to legal or financial advice from an appropriately qualified professional. If you have any specific questions about any legal, financial or any other matter you should consult an appropriately qualified professional. You should never delay seeking legal advice, disregard legal advice, or commence or discontinue any legal action because of information in the eBook.
No representations or warranties: To the maximum extent permitted by applicable law and subject to section 6 below, we exclude all representations, warranties, undertakings and guarantees relating to the eBook. Without prejudice to the generality of the foregoing paragraph, we do not represent, warrant, undertake or guarantee:
• That the information in the eBook is correct, accurate, complete or non-misleading;
• That the use of the guidance in the eBook will lead to any particular outcome or result; or
• In particular, that by using the guidance in the eBook you will make money.
 
Limitations and exclusions of liability: The limitations and exclusions of liability set out in this section and elsewhere in this disclaimer: are subject to section 6 below; and govern all liabilities arising under the disclaimer or in relation to the eBook, including liabilities arising in contract, in tort (including negligence) and for breach of statutory duty. We will not be liable to you in respect of any losses arising out of any event or events beyond our reasonable control. We will not be liable to you in respect of any business losses, including without limitation loss of or damage to profits, income, revenue, use, production, anticipated savings, business, contracts, commercial opportunities or goodwill. We will not be liable to you in respect of any loss or corruption of any data, database or software. We will not be liable to you in respect of any special, indirect or consequential loss or damage.
Exceptions: Nothing in this disclaimer shall: limit or exclude our liability for death or personal injury resulting from negligence; limit or exclude our liability for fraud or fraudulent misrepresentation; limit any of our liabilities in any way that is not permitted under applicable law; or exclude any of our liabilities that may not be excluded under applicable law.
Severability: If a section of this disclaimer is determined by any court or other competent authority to be unlawful and/or unenforceable, the other sections of this disclaimer continue in effect. If any unlawful and/or unenforceable section would be lawful or enforceable if part of it were deleted, that part will be deemed to be deleted, and the rest of the section will continue in effect.
Law and jurisdiction: This disclaimer will be governed by and construed in accordance with English law.
Our details: In this disclaimer, "we" means (and "us" and "our" refer to) Jerry Norton trading as Mentor Group, LLC, which has its principal place of business at 5406 W 11000 N, Suite 444, Highland UT 84003.
Chapter 1:
Introduction to Fix and Flip


Introduction: Hello, this is Jerry Norton, real estate expert, fix and flip guru, mentor and coach. In this book I’m going to explain my entire Fix and Flip system. It is the exact model I use and my students follow to achieve very high success and very high profits flipping houses. I want to commend you for taking action and reading this book. Before getting started, if you are an audio learner like me, then go here to get this entire book in audio format for FREE.
Let me tell about myself. I’ve been a full-time real estate investor since 2004. I currently live in Alpine, Utah, with my wife and six kids. I’ve completed hundreds of fix and flip transactions just in the past few years alone. I have a bachelor's degree in business and I am a licensed real estate broker. I sometimes have 10-15 deals going on at a time. My average net profit per deal is $25,000 to $50,000 and I’ve taught thousands of investors from all over the country my proven systems for flipping houses.
My Story: I started out working in a family business that specialized in utility contracting. I started at the very bottom as a laborer. My job was to dig holes. Those were long and grueling days. I remember coming home from work so dirty and muddy that I had to take my clothes off outside before coming in the house (imagine what the neighbors thought). After years of hard work, I finally took over the family business with a brother. However, I soon found out that I went from working at a job to even worse, owning a job. I was working harder and longer than ever before and it just wasn’t providing the lifestyle (or money) I wanted.
Then I had one of those pivotal moments in life. I read an article that said, “No other industry has created more millionaires then real estate has.” And I thought to myself, “Why not me too?” So I began investing in real estate part-time while still working 50 hours per week in the family business. At the time, I thought I wanted to own rental properties. I happened to know a real estate wholesaler and over the course of one year I acquired 8-9 rental properties from this wholesaler. At the end of that year I took a look at what I had done and I thought to myself, “I’m getting some cash flow and this is great, but where is the money? Where is the real money?” I had a small family and bills to pay and needed money now not someday in the future. I took a look at this wholesaler who had flipped me these deals. On average, he had profited $8,000 per deal that he flipped to me and realized that he made some good money over the past year and that was just with the deals that he did with me.
Then I did something that if you do too, will separate you from the masses. I TOOK ACTION! I attended a wholesaling seminar and upon returning home, in my first month as a wholesaler, I wholesaled 6 deals and made $52,000! I was sold on wholesaling. In 2005 I became a full-time wholesaler and continued wholesaling several houses each and every month.
In 2006 the real estate market nationally started to decline. In the market where I was living at the time in Michigan, it really dropped. In fact, values declined so much so that Michigan started attracting out-of-state (and even foreign) buy-and-hold investors. As a wholesaler I saw this as a great opportunity and soon started wholesaling to these out-of-state investors. Before long, I ran into an obstacle. These non-local investors would buy a distressed property from me at a discount and then struggle to renovate and lease the property from a long distance. Often, they wanted to buy more properties from me but wouldn’t until they renovated and rented out the previous one that they’d just acquired from me.
By default, I started managing the rehabs for these investors. Not because I wanted to but because the sooner they renovated and rented their properties, the sooner I could sell them more houses. I soon learned a valuable lesson about flipping houses to investors: The more value you provide, the more they will continue to buy . Soon I was also assisting them with property management services and eventually began selling completely turnkey properties. I would find the houses, renovate them, put property management and tenants in place and sell the properties “done for you.” In 2007 alone I sold around 70 turnkey rental properties to investors from all over the U.S., Canada, Australia, the UK, and even Israel.
I became so efficient at finding, fixing and selling homes that I decided to start doing the same in the suburbs. The difference was now I was selling to end buyers (homeowners) in nice areas and not investors in rental areas. I started earning on average $25,000 net profit per deal. With every deal that I did, I would ask, “How can I do this better, faster and get someone else to do the work for me while at the same time making more money?”
Through trial and error and after flipping hundreds of houses, I perfected a system that I believed could be duplicated. Not only did I start to show other people how to follow my system but I also began using it to do deals in other markets all over the U.S . Click here to find out how you can earn a $10,000 finder’s fee for each deal you bring me.
I’ve since taught thousands of investors my proven system for flipping houses. This system will show you how to flip 40 houses a year, earning $25,000 (or more) net profit per deal. That is a million-dollar-a-year house-flipping business that has transformed my life and the lives of many others, and it’s the system that I will teach you right here.
**Note: Before I get started, please excuse any typos, misspelled words, incorrect abbreviations, punctuations and/or incorrect sentence structure. In addition to how to create a million dollar-a-year house flipping business, consider them my gift to you.
Learning Objectives: Let’s review what you can expect from this book. You’ll gain a thorough understanding of how to fix and flip single-family residential properties that earn on average $25,000 (or more) net profit per deal. You’ll gain the skills and