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Brad Smotherman, a multiple 7 figure house flipper, shows you how to market for houses, negotiate, structure your deals, and fund your deals so that you can create a high 6 figure or 7 figure house flipping business, without sacrificing your freedom.
Episodes
Friday Aug 07, 2020
Friday Aug 07, 2020
In today’s episode, we’re talking about how to pick a new market.
As we begin to rise through the hierarchy of flipping business, from struggling as startups to success and scaling, we start to identify new markets. We also find that fundamentals and conservatism are what drives profit in the business. Once we understand that, we can take that model and go to almost any market in the country, and create equity positions there.
What We Cover In This Episode:
- Being caught between two markets - market to buy and market to sell
- Choosing market based on your goal as an investor
- The importance of considering population and their problems at a new market
- Looking at the medium price in a potential market
- What the appreciation rate tells you about the given market
- Days on market and why it may be wiser to go to a softer market
- Getting to know the local cash buyer rate and local real estate investors association - REIA
Resources:
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