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
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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
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