Five Different Ways To Get Paid Flipping a House (There’s Not Just One!)
By Tarek El Moussa
When you think of flipping a house, what’s the first thing you think of? The check you make on the deal, right? That’s why we flip houses! But the real question is how did you get paid on the deal, and I don’t mean whether you got a handwritten check or a bank transfer from the settlement company! What I mean is, what exit strategy did you use to flip your house?
That’s right—there’s more than one! First, let’s define flipping: the ability to find, fix, and flip a house to a new buyer in as short a time as possible for the biggest payday possible. The goal is to buy low, rehab strategically so you don’t over “fix,” and then flip the house to a new buyer at a price point that makes it a good deal for them but a great deal for you.
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