2.5 • 884 Ratings
🗓️ 16 October 2024
⏱️ 78 minutes
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0:00.0 | So for the new people watching this that want to flip houses with no money, how do you make $2 million a year? |
0:05.0 | You have to make sure that the opportunity that you're in has the ability or capacity to make that much money. |
0:10.0 | So let's break yours down. |
0:11.0 | So top line, you want to make two million dollars revenue. |
0:14.4 | Okay. How many deals do you need to do to make that? |
0:17.0 | So it matters on your market. In Hawaii we're high priced by market. Our houses |
0:20.4 | sell for like a million plus. Every deal we're looking to do like about a hundred to |
0:23.7 | $150,000 in profit. |
0:25.5 | 15 to 18 deals around there. You're saying it's about 15 to 18 deals. Yeah, so 2 million dollars, |
0:32.3 | 18 deals, and then what's the next number that you need to look at if you want to make millions? |
0:37.0 | So let's say here. |
0:38.0 | How do you make $2 million a year flipping houses? |
0:41.0 | Two million dollars a your flipping houses? |
0:43.0 | Yeah. |
0:44.0 | So I think when you're looking at that question is the, you got to start backwards where whenever you're |
0:48.4 | looking at you want to make a lot of money, whatever your goal is, you have to make sure that the |
0:51.4 | opportunity that you're in has the ability or capacity to make that money. your |
0:53.2 | capacity to make sure that the opportunity that you're in has the ability or capacity to make that much money. |
0:55.3 | Actually I was on an Uber ride like today or yesterday actually and the guy is pushing me his idea |
0:59.9 | of he was like a he's doing home visits or something for like basically for snowbirds |
1:06.2 | who are not there the things I was looking at his business model he makes like |
1:08.9 | $80 a visit when you break down the numbers like there's no way he'll make like six figures like every year just |
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