Biggest House Flipping Mistake

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What is the biggest real estate investing mistake investors make? How can you avoid making the biggest house buying mistake? The biggest mistake made when buying a home is OVER PAYING. You cannot afford to over pay for real estate! When flipping real estate you need to buy smart and not overpay.

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Stefan Aarnio is an Award Winning Real Estate Entrepreneur, auther of Money People Deal: The Fastest Way to Real Estate Wealth and the 2014 winner of the Rich Dad Hall of Fame award.

Starting with only $1200 Stefan has built a multi-million dollar portfolio for his partners and has himself a spot on the The Self Made List. Stefan has accumulated properties at an alarming pace controlling 25% of his local niche through his understanding of Real Estate Joint Ventures. Stefan’s philosophy is simple, find great deals, build a fantastic team, pay everybody and create partnerships for life!

In this book you’ll discover:
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• Why The Best Deals are Created and Cannot Be Bought
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In Stefan’s Book You’ll learn How To Master These Subjects:

How to Raise Capital:
How do you raise capital for real estate? How do you use other people’s money for real estate investing? Every Entrepreneur at some point has to raise capital to start a business or to grow an existing business. As a real estate investor, Stefan has raised more money for his age than any other real estate investor in North America. Stefan learned the art of raising money at a young age and because of this skill – he has only used $1200 of his own money to purchase millions of dollars of real estate.

How to Negotiate:
How to negotiate when buying a property? How do you win at negotiating? How do you get what you want by negotiating? Everything we want in this world is currently owned or controlled by someone else. Through the study of negotiation, we can literally get what we want on demand. As a real estate investor who has transacted millions of dollars of deals, Stefan Aarnio has perfected a proven system for negotiating profitable deals for himself and his investors. Learn how to create win-wins!

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How to improve sales? How to become better at selling? What are the keys to selling real estate? Everyone wants to buy, but no one wants to be sold. Selling is the #1 skill of any entrepreneur and it’s a skill that so many entrepreneurs hate to practice. From a young age, Stefan learned the art of the sale and quickly became a proven commodity in the field of sales. The richest entrepreneurs in the world are master salesmen, while those who cannot sell struggle to survive.

Buy, Fix, Sell:
How do you flip properties? How to get started flipping real estate? Flipping properties is one of the fastest ways to generate wealth and cash in real estate. All value in real estate is either found or created. Learn how to create wealth with real estate. One of Stefan’s first major businesses was and still is a real estate flipping company and this skill is a major source of Stefan’s wealth. Flipping properties is the fastest way to generate massive profits and live the dream of a real estate entrepreneur.

Marketing and Branding:
How do you market your business? Why is branding important? How do you brand yourself? In Business, you either live as a brand or die as a commodity. Why is it that more and more people struggle to survive in the new market economy? Too many entrepreneurs, companies, products and services fail to be profitable in the market and most of these failures are un-branded commodities.

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20 COMMENTS

  1. How to you determine final value or % for basing your 40/60% range? I purchased earlier this year but it comes with enough land to subdivide and parcel out building lots. I still feel there is good margin for a flip in the house in and of itself on a smaller lot once subdivided.

  2. Good way to break it down and I hope your info helps at least one person from making a bad choice! I do think it's worth noting though that the price of the neighborhood is going to drastically affect the price you can buy it for. Getting a house at 50% of the ARV won't work if the ARV is $100k in most scenarios. Likewise, if the ARV is $600k, buying it at 50% isn't ethical or likely except in VERY VERY specific circumstances.

  3. Good afternoon. We just got approved a mortgage for 400,000 with 67,000 down payment. The house was listed for 359,900 k so we over paid. The market is very aggressive right now and we have people from Toronto paying more than what the homes are listed for. The bungalow needs new roof, carpet in 3 bedrooms, half of the windows are replaced so we need to change the rest of the windows, it needs Ac but it has all the vents ready. (My husband knows how to do renovations, he works for a construction company that builds home and do renos) We are going to rent the house were we currently live to move to this one. What do you think about this deal? Thank you.

  4. oh wow…I guess we did good with buying our first flip at 15% and aim to make 65% of profit after remodeling which my husband has done alone himself. I am staging and selling it myself.

  5. when you say 45% to 60% of the final price, did you mean the Market price? Please explain. Also, is the book available on Amazon?
    Leo

  6. How did you eventually arrive at 45-60% for the purchase on a flip. Many rules of thumb exist but, I want to know yours!

  7. Thanks for the great lesson, but how can you know what 100% value is before any renovations or reappraisal? How can you figure out the percentages going in?  

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