How to make a Profit in 6 months Flipping (Buy, Renovate and Sell) Houses using other People's Money
In this week's episode, we talk to Leon Marincowitz, one of the partners at Quick Buy Invest, a premier flipping company that specializes in buying, fixing and flipping houses.
Leon started his property journey in 2015 when he realized that real wealth was in the title deed.
In 2016 he bought his first 2 houses at a Sheriff's auction. He sold the first property at break-even and made a minimal profit.
He renovated the second property and sold it to a family at a profit.
He then started focusing on finding deals and making agreements with sellers in distress so he could contract their properties before they went on auction.
He also moved into wholesaling, which is a different real estate strategy where you help a seller solve a problem with regards to their property, sign a contract with a seller and then sell the contract to the buyer and make a profit on the margin.
In this episode, Leon shares two strategies on how to make a good profit in real estate in a space of 6 months without holding onto property and dealing with tenants every month.
He also shares some of the ways in which he and his partner have built and structured their flipping and wholesaling company in order to minimize risk and generate a steady monthly cashflow.
This is definitely one of our most informative and mind-blowing episodes.
