Flip Profits Hit 2008 Lows. Mobile Homes Are The Fix

Flipping profits just hit their lowest point since 2008. The average flip is sitting 163 days from purchase to close, contractor surprises are chewing through margin, and most flippers are working harder for thinner spreads than they were two years ago.

Meanwhile, one strategy is moving product in days... with margins most flippers wouldn't believe and almost zero competition.

In this episode, I break down the Scrape and Replace Method my team has been running. What it is, why nobody else is touching it, and the one date in 1976 that creates the entire opportunity.

We cover:

- "Retiring the title,” - the legal step that converts the home into real property and opens up 30-year mortgage buyers

- The one-word name change that gets you top dollar on resale

- The all-in number on a typical Scrape-and-Replace deal... and the $30K to $100K profit spread on the back end

- The Fairhope, Alabama flip that ballooned from a $40K rehab to $85K, and slowly bled out to $360K over 12 months

- The 4 reasons nobody else is competing in this niche... and more!

This episode covers the concept. The workshop covers the blueprint.

If you want the full deal math, the buy box, and the step-by-step process, register for the live Scrape and Replace workshop this week

LINKS & RESOURCES

1,000 FREE Seller Leads

Get your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately.

CLICK HERE: http://leads.getbatch.co/mztQkMr

7 Figure Flipping Underground

If you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS.

CLICK HERE: https://hubs.ly/Q01ggDSh0

7 Figure Runway

Follow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more.

CLICK HERE: https://www.7figureflipping.com/runway

Connect with us on Facebook and Instagram: @7figureflipping

Hosted on Acast. See acast.com/privacy for more information.

Joseph Adams Jr. is a Marine Corps veteran who used to grind 10-hour shifts at Microsoft.

Today -- after quitting the IT corporate world -- he's a full-time house flipper in Jacksonville, Florida, with six rehabs behind him, his biggest purchase yet under contract, and a $100K private money raise that closed in under 24 hours off a single text!

In this episode, Joseph sits down with Adam Whitney to break down how he went from "I don't know anyone with money" to having lenders text back "how soon do you need it?" — all while building a business his own mom is now investing alongside.

He covers:

• The very first deal that funded everything after it — a $10K family property he resold for $60K (and how he wholesaled it without realizing that's what he was doing)
• The two-contractor disaster that cost him $30K and four months on his second flip — and the exact moment he should have fired the first guy three weeks earlier
• Adam's "115% rule" for raising capital that most new flippers get wrong — and why it's the difference between $100K in the account on Monday and $15 on Tuesday
• The mindset shift from doing tasks that save money to doing tasks that make money — and the hands-on jobs Joseph had to stop doing himself to actually grow
• His goal-reset moment: going from "20 deals this year" to "20 deals this summer" — and the three conversations he's having right now to make it happen
• How to turn cash flow problems upside down.... and more!

What changed for him was getting handed a real playbook for raising capital, plus walking into a room of operators who actually answer the phone when a deal needs a second set of eyes.

That room is called 7F Runway. An action-oriented mastermind built for early-stage flippers who are tired of duct-taping deals together one at a time and ready to build a business that pays them consistently.

See if it's a fit for where you are: https://www.7figureflipping.com/runway

If you want to connect with Joseph, reach out to him on Facebook or click this link for Joseph's Calendly

LINKS & RESOURCES

1,000 FREE Seller Leads

Get your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately.

CLICK HERE: http://leads.getbatch.co/mztQkMr

7 Figure Flipping Underground

If you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS.

CLICK HERE: https://hubs.ly/Q01ggDSh0

7 Figure Runway

Follow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more.

CLICK HERE: https://www.7figureflipping.com/runway

Connect with us on Facebook and Instagram: @7figureflipping

Hosted on Acast. See acast.com/privacy for more information.

Tracy Hanks is almost 60.

She's a full-time nurse.

Two months ago, she had never done a real estate deal in her life.

Today she has three.

Two under contract and a third in the works, all inside her first 60 days as an investor.

In this episode, Tracy sits down with Adam Whitney to break down how she went from stuck in "learning mode" to actually closing deals while still pulling shifts at the hospital.

She covers:

- The lead generation method that got wholesalers and agents bringing deals to her instead of the other way around

- How she built her contractor team from scratch as a brand new investor

- The private money lender she found in the most unexpected place (you have to hear where)

- The Sunday phone call with Adam that saved her first deal from becoming an expensive mistake

- Her plan to bring her husband home from a travel-heavy W-2 and build something her kids can inherit

If you're already doing deals but they feel inconsistent, or you're squeezing this in around a W-2 at 11pm, Tracy's story is going to land hard.

What changed for her was getting handed a real blueprint, plus dropping into a room full of operators who actually pick up the phone when a deal needs a second set of eyes.

That room is called 7F Runway. An action-oriented mastermind built for early-stage operators who are tired of duct-taping a business together and ready to build something that pays them consistently.

See if it's a fit for where you are.

Click here to learn more about 7 Figure Runway!

LINKS & RESOURCES

1,000 FREE Seller Leads

Get your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately.

CLICK HERE: http://leads.getbatch.co/mztQkMr

7 Figure Flipping Underground

If you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS.

CLICK HERE: https://hubs.ly/Q01ggDSh0

7 Figure Runway

Follow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more.

CLICK HERE: https://www.7figureflipping.com/runway

Connect with us on Facebook and Instagram: @7figureflipping

Hosted on Acast. See acast.com/privacy for more information.