Rental properties

Tips on Flipping For Those Financially Ready


  • Have access to $100,000 liquid minimum
  • How much time do you have to hunt for opportunities because it can be full-time work if you are serious about making money.
  • The pros are highly motivated and drive around looking for their investments
  • You can spend up to 10 hrs a week just looking for the investment
  • It’s very important to understand that a buyer wants to use a Realtor to protect their rights and to negotiate for them. It’s an expertise that a buyer doesn’t necessarily have unless they have been buying and selling for a long time. 
  • Buyer will still make the most income and only have to pay a realtor a small percent to protect them from unknown variables that are potential risks. 

Why a Flipper needs to work with a Realtor

  • Paperwork needs to be correct- If something is wrong or missed, the owner could be challenged and lose something later.
  • Paperwork needs to be correct throughout the 45 days through escrow.
  • Buyer needs to be aware of mandatory disclosures
  • Protection of rights
  • Saves time, money
  • Major Precaution

The Buy and Hold

  • Make sure the property makes a significant profit per month. It’s the deciding factor of whether or not your property is a burden or a blessing.
  • A property that makes $250 or more is a profit.
  • Make sure the property is rental conducive to, meaning items inside the home or apartments are cheaper disposable items. If you supply tenants with expensive, complex items, the items will need maintenance.

How Ronnie finds and funds rental properties.

  • Uses MLS
  • Receives loans from non-traditional, hard money lenders, banks that lend straight cash at higher interest rates and higher fees in exchange for complete flexibility

Three questions are answered to consider the purchase:

  1. What will it rent for?
  2. What is the mortgage?
  3. Will value return investment through refinancing?-

If rental is fixed up, money is put into it and then the property is refinanced so that a new appraisal can happen, would the value show off objectively a return of original investment and retain equity.

  • Paperwork needs to be correct- If something is wrong or missed, the owner could be challenged and lose something later.
  • Paperwork needs to be correct throughout the 45 days through escrow.
  • Buyer needs to be aware of mandatory disclosures
  • Protection of rights
  • Saves time, money

Quick tips

  • Have access to $100,000 liquid min.
  • Spend up to 10 hrs a week looking for investments.
  • Use a realtor to protect your rights.
Contact me
"Ronny was the best realtor I can imagine using. He was fun but professional. I still can't believe he sold my home for a billion dollars!"
Freddie Mercury