$50,000 Profit From a Textbook KISS Flip (Case Study & Market Update)

Real Estate Inveting Case Study!So last week Bob Norton and I got on the horn with KISS Flipper Mark DiPonio and did a case study interview walking through the details of his latest flip deal, coupled with a current-market update from the trenches.

It was a solid session and we decided to open up to the whole REI Tips community. So please enjoy eavesdropping in on our entire chat below.

A Cool $50,000 Profit…

That’s Mark’s profit on this deal.  Not to shabby.

And yep, that’s right here in one of the “worst” real estate markets of the century. (Doesn’t this guy know you can’t make good money flipping property in this market? 😉 Please tell him to stop using a profit model that’s tailor made for the times – it’s making others look bad!)

An Update from the Market’s Bleeding Edge…

Before delving into the case study, I asked Bob to give us a timely update on the market right now, and describe how he’s been recently adjusting his own high-profit flipping biz in real time based on recent market shifts.

There’s some solid insight here in terms of what’s going on lately and how savvy KISS Flippers should be adjusting to profit from it, rather than be blindsided by it.

Oh, and by the way…

Our breakthrough KISS Flipping training, which has been closed to new students for quite some time now, will be reopening shortly for a window of time.

For the last few weeks we’ve been hunkered down and focusing on creating some exceptional core training for our charter members.  Now they’re about to “graduate” (and take their markets by storm) so we’re about ready to let some more folks in who were left out in the cold the first time around.

The KISS Flipping page will be updated within a few days, but if you’re interested you might want to go ahead and add yourself to the waiting list.  Fair warning.

Now Enjoy the Session…

Market Update/Case Study, Pt 1 (29:48)

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Market Update/Case Study, Pt 2 (29:42)

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Market Update/Case Study, Pt 3 (30:30)

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Market Update/Case Study, Pt 4 (41:45)

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Oh, and after listening, I’d love to hear your thoughts in the comments below…

About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. 🙂

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Alan Brymer Reply

Case studies are really helpful at putting it all together for people learning how real estate investing is done. Thanks for providing it and I’m looking forward to getting you guys on my horn, too.

Alan Brymer´s last blog post..Alan’s Bearded Face Now Showing on Facebook

Tiara Reply

How can I join the Kiss Flip program?

Dave Reply

It is amazing how much accurate information you guys give out and explain the terms you use which helps a lot.

If you could hear some of the absolute junk that is discussed at some guru seminars…I think that’s why the comments are low sometimes on your website.

No one can believe how honest you are and they can’t believe how many lies are regularly told by gurus who don’t practice what they preach and give tactics that don’t work in the current market.

I paid $1500 recently for a seminar that is not nearly as up to date in explaining REO offer strategies and how to rehab to get the house sold fast.

I just sat here and listened to the case study and was pissed because I knew you were not lying and that I just paid $1500 to get lied to on many important points at this seminar.

You guys rock with integrity and a real solid knowledge of practical applications to make real investing work.

Thank you.

Wow, Dave! I’m humbled! You’re welcome…and thank you for your kind words. They are warmly received.

I truly do my best to provide value here. I make no bones about the fact that my blog is a FOR PROFIT endeavor…just like my REI business. But I also truly see myself as an advocate for my fellow real estate investor colleagues. And hearing you say what you said tells me I’m doing at least something right.

Much obliged…and please keep commenting.

…jp

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