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) [audio:http://s3.amazonaws.com/reitips-audio/kissflipping/case_study_part1.mp3] | Market Update/Case Study, Pt 2 (29:42) [audio:http://s3.amazonaws.com/reitips-audio/kissflipping/case_study_part2.mp3] |
| Market Update/Case Study, Pt 3 (30:30) [audio:http://s3.amazonaws.com/reitips-audio/kissflipping/case_study_part3.mp3] | Market Update/Case Study, Pt 4 (41:45) [audio:http://s3.amazonaws.com/reitips-audio/kissflipping/case_study_part4.mp3] |
Oh, and after listening, I’d love to hear your thoughts in the comments below…
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.
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How can I join the Kiss Flip program?
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.