Come inside our next real estate property flips to see the condition and the numbers breakdown. I thought this was going to be a good house to flip. But, after looking over the numbers, things took a different turn. This lead came in from my internet Geek Squad. We knew it was going to take over $50k in the reno.
After we bought it, we looked at our inventory and decided we had enough houses to repair. You must be careful as to the amount of debt you take on as an investor and Entrepreneur. So having over $1million out, I decided to email the pics over to a local cash buyer that does a hundred houses a year. He went by to view the property and you'll see how this one plays out in the video. Thanks for supporting the Roundup Channel ya'll...

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00:00- Intro
1:05 - We're buying a house in Newport News, VA the house has a new roof and aluminum siding
2:03 - Let's walk the first floor, the house needs to be cleaned out, there is some plumbing issues in the downstairs bathroom and it needs a new kitchen
4:05 - The 2nd floor has 4 bedrooms, the bathroom plumbing is clogged up and the hardwood floors are beautiful
5:25 - Let's go over the numbers on this house flip
5:55 - Do you know the difference between investing and being an investor
7:31 - What is the velocity of your money? When it goes out, how long does it take to come back in
8:30 - What is ARV- After Repaired Value
9:30 - Normally realtor fees to sell a house is 6%, but we use a Flat Fee Broker to sell our houses so we pay 3%
10:50 - I thought I was going to renovate and sell this house, but we decided to wholesale it to a local cash buyer
11:55 - Join the Real Estate Roundup Discord to ask questions and meet other Roundup'ers. I'll be

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Did you miss our previous article...
https://trendinginrealestate.com/where-to-buy/the-fastest-way-to-your-first-wholesale-deal-with-0-marketing-cost