The Science of Flipping - TOP Buyer Hacks You'll Need for 2023

Episode Date: October 10, 2022

The #1 training and coaching system to launch, grow, and scale your investing business! 𝐋𝐞𝐚𝐫𝐧 𝐌𝐨𝐫𝐞: http://www.thescienceofflipping.com Sign up for Minute:Pages using code 𝐓𝐒𝐎𝐅 for a 𝟏𝟓% discount for life!https://minutepages.com/sign-up/ Become a 𝐓𝐒𝐎𝐅 𝐈𝐍𝐒𝐈𝐃𝐄𝐑 and get access to exclusive training and resources: https://insider.thescienceofflipping.com 𝐈𝐍𝐒𝐈𝐃𝐄𝐑𝐒 𝐆𝐄𝐓 𝐅𝐑𝐄𝐄 𝐀𝐂𝐂𝐄𝐒𝐒 𝐓𝐎: Science of Flipping Academy   All the systems and software I use in my business All the tools you need to run your business  All my Scripts, Contracts, Spreadsheets Special Discounts And Much More... 𝐇𝐚𝐯𝐞 𝐚 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧? Email us at [e-mail] 𝐁𝐞𝐬𝐭 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐅𝐨𝐫 𝐖𝐡𝐨𝐥𝐞𝐬𝐚𝐥𝐞𝐫𝐬 𝐁𝐞𝐬𝐭 𝐀𝐥𝐥-𝐈𝐧-𝐎𝐧𝐞 𝐑𝐄 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞: https://reileadmachine.net𝐁𝐞𝐬𝐭 𝐌𝐋𝐒 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞: http://privytsof.com/ 𝐁𝐞𝐬𝐭 𝐑𝐄𝐈 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐁𝐮𝐢𝐥𝐝𝐞𝐫:   https://tsofpages.com/ 𝐁𝐞𝐬𝐭 𝐒𝐤𝐢𝐩 𝐓𝐫𝐚𝐜𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞: https://tsofbatch.com/ 𝐁𝐞𝐬𝐭 𝐓𝐞𝐱𝐭 𝐁𝐥𝐚𝐬𝐭𝐢𝐧𝐠: https://tsoflaunch.com/ 𝐁𝐞𝐬𝐭 𝐃𝐚𝐭𝐚 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫: https://tsofdata.com/ 𝑾𝒉𝒂𝒕 𝒕𝒉𝒆 𝑷𝒓𝒐𝒔 𝑯𝒂𝒗𝒆 𝑻𝒐 𝑺𝒂𝒚 𝑨𝒃𝒐𝒖𝒕 𝑱𝒖𝒔𝒕𝒊𝒏: “Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP) “Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW) “We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom) 𝐀𝐛𝐨𝐮𝐭 𝐉𝐮𝐬𝐭𝐢𝐧: Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 1500 homes in multiple markets across the U.S. Justin runs an 8-figure real estate wholesaling business that closes 20+ deals each month in multiple markets across the U.S and has helped 1000s of clients learn how to become successful real estate investors. Justin subscribes to the philosophy of "Wholesaling To Wealth" and is the foundation of his coaching program which teaches you how to get started wholesaling or streamline and scale an existing wholesaling business as well as build long term wealth through wholesaling, flipping, and building a rental portfolio. Subscribe To Justin Colby: http://youtube.com/justincolby View All My Videos: https://www.youtube.com/c/JustinColby...  

Yo, yo, you are listening to the audio version of an incredible YouTube video I uploaded on my channel, youtube.com forward slash Justin Colby. I talk all things business, real estate and entrepreneurship. If you're looking to be entertained and watch a video with incredible graphics, head over to YouTube. If you're looking to listen to this audio, enjoy. Here are three buyer hacks moving into 2023. First, if you are a fix and flipper, I would encourage you to get deep, deep discounts. Reason why? We don't know where the interest rates are going to land.

Most of the buyers nowadays can't quite afford a six and a half or seven percent interest rate so if you are flipping I encourage you to stay under three hundred thousand dollars and make sure you have a deep discount so no matter what in any case you have profit margin and in the worst case scenario you can always keep it as a rental point number two if you're buying hold type buyer then I would encourage you to make sure that you're not trying to buy the property at rock bottom make sure you're a buy and hold type buyer, then I would encourage you to make sure that you're not trying to buy the property at rock bottom. Make sure you're just analyzing to make sure it is a very solid deal for you. In fact, again, I would say under 300,000

and I would see if it would be a great BRRRR property where you can add value and be able to refi out your cash after remodel so that you're really not into the property for much. And quite honestly, it's whether the rents can cover your principal, your interest, your taxes and insurance, and give you roughly two to $300 per door.

And point number three, if you're a wholesaler trying to find buyers, make sure you're getting a deep discount. Based around the first two points I just told you, your fix and flip buyers and your landlord buyers are looking for the right deal. They don't always need to make millions and millions of dollars, but as someone in fix and flips, they're going to be quite cautious of whether there's enough margin just in case the buyers aren't quite there. And as someone who buy and holds, they want to make sure that they can cover all expenses, get their money

out, and be able to make a couple dollars each and every month as a wholesaler make sure you're getting a deeper discount now than you were even six months ago interest rates are the big factor in all of this now without you guys worrying about it i will always tell you that is still a supply and demand issue meaning the home builders have stopped building again there is currently a supply and demand issue, meaning the home builders have stopped building again. There is currently a supply and demand issue, so it won't be a big crash. Just no matter what type of buyer you are, make sure you're getting a great discount. All right. So once again, this is the audio version of an incredible video I have over on my YouTube channel. Make sure to head over youtube.com forward slash Justin Colby and make sure you subscribe.