Nathan Payne walks through a fix-and-flip deal: buy at $304K, rehab for $85K, sell at $480K after landscaping and interior work. Six months start to finish. He nets $47K by skipping listing fees through agent connections and only paying buyer's agent commission.
You got $480,000 is the after-repair value of what I think I can sell this for if I fix up the landscaping, do a complete rehab on the house. I have my hard money costs, and I think it would take 6 months in total to rehab and list. And since I have connections with agents, I don't pay to list my properties. I just have to pay for a buyer's agent. So I got closing costs, $85,000 rehab. After everything's said and done, I'd make about $47,000. You know, $304,000, is that something you're open to?
Why Traditional Wholesaling Keeps Failing You (Use This Pre-Flip Method Instead)
