The 3 Key Steps to Reverse Flipping Success
Reverse flipping might sound complex, but it’s actually a straightforward process. Here are the three key steps to making it work.
Step 1: Get the Deed
The first step is to acquire ownership of the property. You do this by working directly with the homeowner. In most cases, you’ll offer them a small payment—typically between $1K and $5K—in exchange for the deed.
Step 2: Clear the Debt
Once you own the property, the next step is to clean up its financial situation. This often involves working with loss mitigation experts to reduce or eliminate debts like tax liens or second mortgages. This step creates equity and makes the property more valuable.
Step 3: Choose Your Exit Strategy
With the property’s financial issues resolved, you can now decide how to profit. Whether you choose to wholesale, flip, or hold the property depends on the deal’s specifics and your goals.
Reverse flipping is a simple but powerful strategy. Want to master it? Join my webinar or reach out directly.
