KissFlipping.com - In this quick-n-dirty case study, Gary Grubbs (Dallas, TX) describes his first textbook "KISS flip" deal... Deal Meistro Gary Grubbs, Dallas, TX Supporting Cast: Bob Norton and JP Moses Deal: Joyce REO A textbook kiss flipping deal; Nothing special about the Dallas/McKinney market ARV: k-ish Purch: k Sold: .5k Net Profit: A little over k (Yay!) Transaction duration: 2 months (Purchased 4/3, sold 6/4) Bridge Financing: hard money Learning Points: - Focused on one specific area (Big fish, small pond) - Exclusively used Realtor contacts for rehab - Just basically made phone calls - invested maybe 10 hours or so total - Sold a better quality product than most are expecting, for below below retail market value - Next time: Would analyze sales price a little better to make more (sold too cheap) Flipping houses - REO deals - isn't nearly as hard as most make it out to be in today's market. You need to know what and where people are buying first though...then step into it. Find out more at KISSflipping.com
Keywords: kiss, flipping, houses, homes, real, estate, investing, gary, grubbs, bob, norton
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