In this interview, Ted will reveal how to find houses to flip at bargain basement prices.
You may watch the video above, or if you prefer, read the transcript below.
In “How to Find Houses to Flip” the topics we’ll be discussing are:
- The Reality of the Business of Finding Homes to Flip
- Where to Find Cheap Houses for Sale in Any Economy
- How to Flip Properties Quickly Without Breaking a Sweat
- Learn How to Find Homes to Flip the Easy Way
Want to learn how to find houses to flip? Would you like to buy mortgage-free homes for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then you don’t want to miss this FREE Auction List offer.
The Reality of the Business of Finding Homes to Flip
Interest in fixing and flipping houses has grown due to popular television shows featuring home rehab, but is this the best way to make money in real estate?
Fixing up homes is a lot of hard work. It takes time and ties up money and resources. Additionally, finding a home that’s priced low enough to flip profitably is very market dependent, unless you know where to look.
Flippers who don’t know how to find houses to flip have a difficult time finding low-priced real estate when the market is going up. It’s a business that’s generally dependent on the market crashing, but it doesn’t have to be.
Where to Find Cheap Houses for Sale in Any Economy
At tax defaulted property auctions, the bidding begins around the amount of the delinquent back property taxes, and real estate is sold mortgage-free for 10, 20 or 30 cents on the dollar at a property tax auction, leaving the investor with a substantial profit margin.
With a margin like that, the property can be sold quickly using Ted’s buy low, sell low strategy.
How to Flip Properties Quickly Without Breaking a Sweat
Ted and his students make big profits buying houses for 10 or 20 cents on the dollar at tax defaulted auctions, then reselling them fast for 50 or 60 cents on the dollar.
They do this without spending a lot of time, money and energy fixing up the properties. Instead, they sell them to fixer upper people who want to do the work. It’s a win-win situation for both buyer and seller.
This is a repeatable process, buy low, sell low, and then move on to the next property. With the right training, it’s simple, and you don’t need a tool belt, just a computer. This is a business that can be done online.
Learn How to Find Homes to Flip the Easy Way
If you want to learn more about how to find houses to flip, view more of Ted’s free videos.
If you want to have a free auction list of tax defaulted properties that are currently for sale, go to TedThomas.com/freegift and take a look at the starting bids. You’ll be amazed at how low they are.
We hope you enjoyed, “How to Find Houses to Flip”
If you want to know the fastest and easiest way how to find houses to flip in any market, Ted Thomas teaches where to buy mortgage-free real estate so inexpensively that you can sell it quickly without having to fix it up yourself.
If you’d like to know more, Click here to get started today!
Read the Video Transcript:
Find Houses to Flip
Randy: We’re back here again with Ted Thomas, who is the authority on tax lien certificates and tax auction. Ted, when looking for a tax lien property for sale, is that kind of like the same thing as flipping a house, finding a house to flip?
Ted: I’m going to say it’s quite a bit different. I’m not a flipper guy. I’m really an investor, an author and investor. I got into this business because I was an investor. Then it grew into teaching people, but I’m still the author and investor that I was.
Ted (cont’d): When flipping property most of those people would like to take advantage of somebody and get a house really cheap and then sell to somebody else and make some money. They call that flipping.
Ted (cont’d): What we do is a much more sensitive market in that we’re going to buy from the tax auction and buy it as low as we possibly can. Also, when we buy it low, it doesn’t have a mortgage on it. So now we’ve got a lot of room.
Ted (cont’d): If we buy it for 10 or 20 cents on the dollar, that means that’s all that’s owed, that 10 or 20 cents on the dollar. Then what we do rather than try to flip or fix, is we say, all right, if it was a $100,000 property that we bought for 20 cents on the dollar, we’re just going to sell it for 50 cents on the dollar. We buy it low and sell it low and move it out that way.
Ted (cont’d): That isn’t to knock all the guys on the head that are doing flippers, but they can’t find properties anymore. So they’re all at my event. I just did an event this weekend. Who do you think is at my event? All the guys that wanted to be flippers.
Ted (cont’d): They can’t anymore because the market isn’t crashing. When the market’s going up, you’re going to have a heck of a time finding flippers because people can sell their property. When the market’s going down, everybody wants to get rid of stuff. So there are lots of flippers.
Ted: Our market is like this all the time. Every year the tax defaulted property business gets better, and it will continue that way.
Randy: You know, it’s funny, we’ve talked in another video, just the relation between buying a stock with dividends and what this is like. But it’s interesting because usually in the stock market, it’s like, I want to buy low. I want to sell high.
Randy (cont’d): I see what you’re saying. No, no because then you’re competing with all of this. It’s like just move it along. I’m curious, do you sell some of your houses to flippers then? Because you’re still coming in at a low enough cost. Maybe they’d want it there and work on the house.
Ted: Thank you. That’s just the strategy we use. We’re going to buy it low, sell it low. So all the people that want to do fixer uppers, they’re going to come to us. They’re going to show up, and they’ve got some paint in their hair and on their trousers. They’ve got rugged hands. When they shake your hand you think you’ve got a tree stump there that you’re shaking hands with.
Ted (cont’d): These are working people. That’s who we sell to. Every television show in the country is saying, buy a fixer upper. Well, great. We’ll go buy it for 20 cents. We’ll sell it for 50 cents. They’re happy as hell. They think they just cut a fat hog. We’re going to another one. Nice and clean, this is clean, white collar work.
Ted (cont’d): 63% of my clients are women because they don’t want to fix property up. They don’t have a pickup truck. They’ve got no tools; they’ve got a computer. We’re buying and selling with a computer.
Ted (cont’d): We’re not over fixing that property. I didn’t say you didn’t have to look at them. I didn’t say you didn’t have to have boots on the ground. You don’t want to do fix up. Fix up could take you three months, five months, six months.
Ted: A kitchen today, you’re not hiring people to work for 10 bucks an hour anymore. People that can fix a kitchen cost $100 an hour. You’re not going to put one of those in for $10,000 anymore. Those days are done. So when you start doing that work, where’s the money coming from?
Ted: All we need money for is to buy at the auction. We’re done. We’re finished spending money because we’re not fixing it up. We’re going to sell it to the fixer, but you call them the flippers. So the flippers are all looking for property. They’re showing up in my seminars so they can learn how to buy low, sell low fast.
Randy: If somebody else wants to learn from you and learn this buy low, sell low strategy, what’s the best next step for people to take? Does this take a long time to learn, by the way?
Ted: It’s whatever you want to put into it. If you want to learn it fast, we’ve got electronic courses. You can go through like that; you can accelerate it. Or if you want to take your time and take a year, the average person takes three or four months.
Ted (cont’d): Some people go to our electronic courses. It can last all year. They can do this all online, by the way. They can have a coach. Well, better than that, they should just go to Tedthomas.com/freegift. At Tedthomas.com there are tons of free videos there.
Ted (cont’d): If you want to come to one of my classes, I do a class every month, anywhere from 100 to 150, sometimes 200 people show up. They’re from all over. You come to the class and we put it up; you can see all the people there.
Ted (cont’d): There will be people in England, people in Singapore. Anywhere there is English speaking, they can do this business and learn how. As long as you can get an English or American bank account, you can do this business online anywhere you want to be.
Randy: And when they head to your website, they also get a free auction list, don’t they?
Ted: All right, Tedthomas.com/freegift, and the free means that you can get a free auction list so you can see what these lists look like. Folks, I’m the only one that exposes all this stuff. I can pick up something like this and say, there’s the list for all the properties that didn’t pay the taxes in Jacksonville.
Ted (cont’d): Who else would show you that? Nobody, because they don’t even know how to get it. We’re going to teach you how to use it. Not only get it, we’ll teach you how to use it. What’s better than that? You can get a list. You can get at least one list.
Randy: Hey, head there right now. Again, a lot of great videos there, a lot more information. Tedthomas.com/freegift.
Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.