How to Flip for Profits with Jamel Gibbs My buddy, Jamel Gibbs, is giving away a free real estate investing video series called, “How to Flip for Profits,” and I wanted to give you a behind the scenes look. In the video below, I show you around the VIP members area so you can see for yourself. Check it out now . . .

Here are a few things Jamel covers in his video series:

= > “The Reverse Effect”

= > How to Build a Massive Buyer’s List Using Facebook

= > One Hot Real Estate Niche That’s Making Investors Rich!

= > How to Make Cash Generating Offers on Properties Everytime

= > and Much More!

Click Here to Grab the How to Flip for Profits Video Series

Let me know what you guys think about the video series.

It’s my goal to provide you with the best creative real estate investing information and resources . . . let me know how I’m doing . . . Enjoy!

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Buying foreclosures is an extremely hot topic right now. With escalating foreclosure rates, banks are dumping properties left and right and investors are getting great deals . . . truly a win win!

You see, banks want investors buying foreclosures. They NEED to unload their inventory! Most people don’t know that for every house a bank takes back as a foreclosure, it limits the amount that the bank can lend.

And that’s how banks make money . . . by lending it out. Banks aren’t in the business of owning real estate, they’re in the business of loaning money and making interest.

Soooo, banks are very motivated to get these liabilities off their books. That’s where you, the investor, come into play . . . if you know how to navigate the foreclosure buying process.

One of the most viewed real estate investing videos on YouTube right now is called, “Real Estate Investing Tip: Becoming a Foreclosure Insider.” Wholesaler, Bob Norton, shares some great tips on building relationships with REO and foreclosure agents so that you can start buying foreclosures.

Buying Foreclosures Insider Tips

I wanted to expand upon a few of the tips for you, so I shot a quick video response. In the video, I cover four tips that Bob Norton discussed. Three of which I agreed with and one that I disagreed with … check out my video below to learn more . . .

Buying foreclosures can be a very profitable way to pick up great deals at pennies on the dollar.

If you have any further questions that I can help you with, put them in the comment area below.

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The first video is from my buddy JP Moses YouTube Channel. He’s an awesome guy and creates some great videos, check out his FlippingHomes YouTube channel.

If you haven’t already, go to MustKnowInvesting’s YouTube Channel and subscribe to my videos so you don’t miss out.

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That’s what everybody wants, right? Well, I’m excited to introduce Jamel Gibbs of How to Flip for Profits. He’s here to tell you how to make easy money in real estate investing . . .

Have you been trying to invest in real estate, but don’t know which way to go?

Flipping houses is by far the easiest and simplest way to make money in real estate investing … especially in today’s market. Many people have gone from rags to riches in a reasonably short period of time by getting involved in flipping houses. The reason for this is because house flipping provides large sums of money within a very short time frame if you know what you’re doing. The key is to be educated on how to do it, then take massive action. The rest is history!

So how can you get involved in flipping houses? How can you make the kind of money that others are making in the real estate business?

In this article, we will discuss some easy to follow, basic strategies on what is needed to profit as a real estate investor. If you apply the information in this article, you will increase your chances of making money in the real estate business.

Making money in real estate investing all boils down to one thing, and that’s working with motivated sellers! If you don’t know how to target motivated sellers, then you will never make money in this business. I’m just being honest!

What is a motivated seller?

A motivated seller can be anyone who is in distress financially, or physically. An example of a motivated seller is someone who is getting a divorce, going into foreclosure, paying 2 mortgages, needing to rehab their property but doesn’t have the cash, going bankrupt, and so on. Therefore, in order to get a great deal when flipping houses, you have to find someone that falls within this category. You can find these sellers using various forms of advertising.

Some forms of advertising can be bandit signs, newspaper ads, cold calling, billboards, etc. The idea is to always be in the seller’s face. Everywhere they look, they should see your advertising. Aggressive advertising breeds aggressive results.

When the calls are starting to flood in from the different advertising methods, the next thing you have to do is get the right information from the seller. You can do this by asking the seller for information on their property. You want to find out what type of condition the house is in, as well as the asking price of the property, but the most important question you need to know is … “Why is the seller determined to get rid of their property?”

Once you have all of the information that you need from the motivated seller, the next thing you need to do is run comparable sales to see if the deal will be a good house flip. You can do this by going to sites like RealQuest, Eppraisal.com, and Bank of America has a home value estimator. You can also use sites like InvestorCompsOnline, or consult with a Realtor. There are many ways to run comparable sales when you’re looking to find out what a house is truly worth.

After you get the comps for the house, the next thing you need to do in order to flip a house is work the numbers. You can do this by understanding the MAO formula. The MAO formula is as follows: You take the ARV (After repair value) and you multiply it by 70% and that leaves you with the amount that you’re willing to pay for the house. Then you subtract the rehab cost, closing cost and overhead and that leaves you with the MAO or (Maximum Allowable Offer) that you can make on the house.

Once you have the Maximum Allowable Offer, the next thing you do is make the offer. Your offer should be less than what your maximum allowable offer is. The best thing to do in this case is to subtract an additional 10% off of the MAO and start you’re bidding with the motivated seller from there. Negotiations can make or break your deal when it comes to flipping houses so make sure that you’re sincere and very clear with the seller from the very beginning.

After it’s all set and done, you need to find a buyer in order to flip this house. You can do this by running newspaper ads, building a buyer’s list, auctioning the property, selling below market value for a quick sale, rehabbing the property and then selling it, and many other ways. The best strategy to use if you ask me would be to sell the property less than the market value without rehabbing it. This is called wholesaling the property.

If you want more quality information on house flipping simply go to www.HowtoFlipforProfits.com. There, you will find out how to take advantage of the current real estate housing crisis and make boat loads of money in real estate investing.

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Jamel Gibbs owns one of the fastest growing real estate investment businesses in Pennsylvania. He’s originally from Brooklyn, New York. He became a real estate agent at the age of 21 years old and a broker shortly after. Jamel started buying real estate when he moved to Pa, and he now has a successful real estate investment business. He also coaches others who are interested in making massive profits in real estate. Check him out at www.HowtoFlipforProfits.com

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I wanted to put one of the clips from our “Creative Real Estate Solutions in Today’s Market” video series on the blog for anyone that missed out…

One of the parts to the series was devoted to exit strategies, and this video discusses flipping houses. I talk about some of the advantages, the negatives, and then give you a real life example.

Click here to view the embedded video.

If you missed out on the creative real estate investing video series, Click Here to Gain Access to all 2 1/2 hours for free. This is the kind of content that gurus charged hundreds if not thousands for sooooooo make sure you check them out!

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I was recently interviewed by J. P. Moses for a series he is doing with real world real estate investors. He wanted to get good view of what kind of deals I’ve been doing, what’s working, what’s not, and the lessons I’ve learned along the way.

J.P. is an active investor and blogger. He’s very knowledgeable, experienced, and connected in the real estate investing world. If you haven’t already, make sure to check out his real estate investing blog. It’s full of some great content and resources.

The majority of the interview is a break down from start to finish of two deals, 3015 Morningdale and 1972 Teakwood. I go over exactly how the leads came in, the seller’s motivation, how the deals were structured, and the exit strategies. And I throw in some key lessons that every real estate investor should always keep top of mind. Before we get into the intricacies of the deals, I give a little background on how I got started investing and what’s going on in the current market.

Listen to the interview below!

Thought I’d share some pics of the properties as well . . .

3015 Morningdale

This is a deal that I did my first year as a real estate investor. Unfortunately, I don’t have any more pictures.

I mentioned that we only had to do some cosmetic work to the property. This consisted of repainting the interior, putting new carpet throughout, cleaning up the landscaping, and knocking out the punch list. It cost us between $7K and $8K if I remember correctly.

One of the great things about the partner that we brought in to finance this property was that he had experience doing renovations himself. Since we were pretty green being newbies ourselves, he stepped in and managed the repairs that were needed. And a great long term relationship was created with him. I’ve borrowed money from him, lent him money, wholesaled deals to him, and partnered on a few other deals over the years.

As I mentioned in the interview, the net profit on the deal for our portion (75% of the profit) was right over $23K. Here’s the check.

1972 Teakwood

It irritates me that I haven’t kept better track of before and after pics of all the properties we’ve done over the years. I remember taking the before pics but can’t find them. It’s really too bad because there was a stark contrast with this property. We knocked out walls, reorganized the entire kitchen, uncovered hardwoods under the carpet, added a half bath, and put in tons of upgrades (crown molding, chair rails, picture frame molding, tile, etc).

Anyway, here’s what it looks like now.

Oh yeah, we added the sidewalk too, and it made a big difference in the curb appeal.

Hope you enjoyed the interview! Like I mentioned a second ago, make sure you check out J. P.’s Real Estate Investing Blog.

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