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Owned by Ty

Flip Man's Network and Tools

1k members β€’ Free

πŸš€ Wholesale Commercial Real Estate Starting with $0.00 πŸ’° Leads Drop (7pm EST): βœ… Daily unmasked owner cell phones/emails.

Flipping Houses with No Money

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Flipping Houses with No Money aka Wholesaling β€” Learn the game with Flip Man. Free training, real deals, and support from day one. Let’s get it!

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1237 contributions to Flip Man's Network and Tools
πŸ’°If You Rent, You Might Already Be Sitting On a Deal βœ…
Real talk β€” if you're renting an apartment or a house directly from the owner, you might be sitting on something valuable and not even know it. Here's why: The hardest part of real estate investing is getting the decision maker on the phone. You already have that. That makes you the plug. Here's how it works: Let's say you're in a 20-unit building. We do a deal together and walk away with a $60K payday. We split it. Even if we bring one more person in β€” that's still $20K each in your pocket. Would you move for $20,000? Most people would figure it out real quick. πŸ˜‚ And it doesn't stop at apartments or houses. We're talking: - Single family rentals - Land - Hotels & motels - Warehouses - Self storage facilities If you have a direct connection to ANY property owner β€” residential, commercial, land β€” you got something we can work with. πŸ‘‡ Drop your info here and let's partner up: https://you-the-plug-201668122361.us-west1.run.app/ No license needed. No experience needed. Just the connect. 🀝
πŸ’°If You Rent, You Might Already Be Sitting On a Deal βœ…
2 likes β€’ 2d
Give me 3 minutes and I will explain in this video https://www.youtube.com/shorts/w25QLMrDam0
1 like β€’ 1d
@Twanna Abbott Just tried to call you
πŸ•οΈ RV PARK DEAL BREAKDOWN β€” REAL NUMBERS Actual numbers. No fluff. No pro forma.
What is a Cap Rate? A cap rate tells you what return you're getting on a property based on its actual income. A 10% cap rate means: take the NOI, multiply by 10 β€” that's your offer price. What is NOI? Net Operating Income. Revenue minus expenses. The number that actually matters. ================================================== πŸ“… 2021 Gross Revenue | Actual Expenses | Actual NOI $144,392......... | $55,513.............. | $88,879 Expense Ratio: 38.4% Offer @ 10% Cap (Actual): $888,790 Offer @ 10% Cap (Pro Forma 35%): $938,550 Gap: $49,760 βœ… What Does This Mean? This was the healthiest year. Expenses were close to the 35% benchmark investors like to see β€” only slightly over. The park was running pretty clean. This is the number the seller will probably try to point back to. At a 10% cap, the real numbers support an offer around $889K. ================================================== πŸ“… 2022 Gross Revenue | Actual Expenses | Actual NOI $154,440......... | $70,345.............. | $84,095 Expense Ratio: 45.6% Offer @ 10% Cap (Actual): $840,950 Offer @ 10% Cap (Pro Forma 35%): $1,003,860 Gap: $162,910 ⚠️ What Does This Mean? Revenue went up β€” that's good. But expenses jumped hard. Even though the park made more money, it kept less of it. The gap between the real numbers ($841K) and a pro forma pitch ($1M+) is $163K. Expenses are moving in the wrong direction. ================================================== πŸ“… 2023 Gross Revenue | Actual Expenses | Actual NOI $168,204......... | $99,425.............. | $68,779 Expense Ratio: 59.1% Offer @ 10% Cap (Actual): $687,790 Offer @ 10% Cap (Pro Forma 35%): $1,093,330 Gap: $405,540 🚩 What Does This Mean? Best revenue year in the stack β€” but expenses nearly ate all of it. NOI actually went DOWN from 2022 even though the park brought in more money. The operation got more expensive faster than it got more profitable. The pro forma gap ballooned to $405K. Something drove costs way up this year β€” heavy maintenance, subcontractors, something. You need to know what before writing any offer.
πŸ•οΈ RV PARK DEAL BREAKDOWN β€” REAL NUMBERS Actual numbers. No fluff. No pro forma.
0 likes β€’ 2d
@Sharron K Ferrell Thinking terms of what a lender would use to decide if they will lend or not, etc
0 likes β€’ 2d
@Chuck Rose Not sure what you mean Chuck, please explain
πŸ’°πŸ”₯ SELF STORAGE DEAL IN ARKANSAS - BREAK DOWN
I just ran the numbers on a 4-acre facility. This is a classic example of why you have to look at the "Actuals" vs. the "Bank Rules" before you ever make an offer. Here is exactly how we are breaking this deal down to find the right offer price while making sure we walk away with a $150,000 Assignment Fee. πŸ’° ============================================== πŸ“ THE PROPERTY STATS - Total Units: 290 (Mix of 10x10, 10x15, 10x20, plus RV/Boat spots) - Occupancy: 80% (Room to grow!) - Actual Annual Income: $159,000 - Gross Potential (If 100% full): $240,820 - Extra Juice: Expansion land (1.4 acres) + 10.5k sq ft concrete pad already poured! - What does this mean? 🧐 This facility is currently under-managed at 80% occupancy. That "missing" 20% isn't just empty space; it’s a massive opportunity for us to increase the value once we take over and fill it up. ============================================== πŸ“‰ SCENARIO A: THE "BANK RULE" (35% EXPENSES) Banks are conservative. They assume 35% of the money coming in goes right back out to bills. - Gross Income: $159,000 - Expenses (35%): $55,650 - Net Profit (NOI): $103,350 - Property Value (10% Cap): $1,033,500 - Our Assignment Fee: $150,000 - THE OFFER: $883,500 What does this mean? 🧐 Banks use this 35% rule to protect themselves against surprises. Even if the owner spends less, the bank calculates value based on this "safe" number. We use this to make sure the deal works for a buyer who needs a bank loan. ============================================== πŸ“ˆ SCENARIO B: THE "OWNER ACTUALS" The owner says they only spend about $21k a year on taxes, insurance, and utilities. - Gross Income: $159,000 - Actual Expenses: $21,000 - Net Profit (NOI): $138,000 - Property Value (10% Cap): $1,380,000 - Our Assignment Fee: $150,000 - THE OFFER: $1,230,000 What does this mean? 🧐 Owners usually spend less because they aren't paying for professional management or marketing. This shows the "real" cash flow happening right now. We subtract our $150k fee from this higher value to see the absolute max we should offer.
πŸ’°πŸ”₯ SELF STORAGE DEAL IN ARKANSAS - BREAK DOWN
πŸ”₯Did You Know All This Wholesaling Training Is Free? πŸ πŸ’°
Did you know that every single piece of Flip Man trainingβ€”every video, live stream, and "fliinar" dating all the way back to 2008β€”is now organized in one single place for FREE? Access here: https://fliptube-949273430358.us-west1.run.app/ I’ve made it simple. If you want to flip real estate without using your own cash or credit, there is no longer an excuse to be distracted or overwhelmed. Why use the Flip Tube site? - Categorized Knowledge: Need motivated sellers? One click. Cash buyers? One click. Contracts? It's all there. - Search Your Questions: Just type a question into the search bar, and it pulls the exact video content you need. - Zero Distractions: No "guru" ads or conflicting methods. Just the path to the check. You don't need a $5,000 course to get a $10,000 or $100,000 payday. You just need the right info and the guts to take action. Mistakes are just learning experiencesβ€”they won't put you out of business, they’ll just get you closer to the closing table. Stop scrolling and start searching here: πŸ‘‰ https://fliptube-949273430358.us-west1.run.app/
πŸ”₯Did You Know All This Wholesaling Training Is Free? πŸ πŸ’°
1 like β€’ 17d
@Randy Chrisp make it happen Randy - hope it helps
2 likes β€’ 17d
@Marsha Whitfield Boom
πŸ”₯ (CFO Tool) Want a simple way to create more deals with sellers?
Check out β€œMake 'Sellers The Bank' With This Free Tool” and see how this free resource helps you structure smarter seller finance conversations. Why watch?πŸ’‘ See how the tool works in a simple way🏠 Find more ways to help sellers say yesπŸš€ Build better deal options without extra cost Watch the video, then try the tool for yourself here πŸ‘‡ https://www.skool.com/flippinars/classroom
πŸ”₯ (CFO Tool) Want a simple way to create more deals with sellers?
1 like β€’ 21d
@Sharron K Ferrell Hope it helps Ms Sharon
0 likes β€’ 20d
@Michael The millionaire maker Need more details
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Ty Flip Man
7
4,977points to level up
I will teach, mentor and guide you on how to flip houses (or wholesale houses). Using Creative Real Estate Investing ...

Active 9h ago
Joined Dec 2, 2022
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