Dan Zhukov can show ya how to fix and flip homes using none of your own money, 100% remotely. He made 7-figures his first year doing this; and now owns an 8-figure real estate portfolio.
He’s actively pursuing more projects in 17 markets across the U.S.
With his help, perhaps you can do the same. But where will you get the money, right? You’re gonna use hard money lenders and second position lenders.
Read on, I’ll let Dan explain.
Hard money lenders operate like banks but with less strings attached. Why? Because they’re asset-based lenders. If you don’t pay ’em back, they’ll just take the property, flip it themselves, and keep the proceeds, right?
So they don’t care so much about your debt-to-income ratio. They don’t wanna see your tax returns for the last coupla years. And they might not even look at your credit score at all.
They care about the deal – the property – and that’s it. Do the numbers make sense? If so, they will lend.
That said, they’re only gonna lend a percentage of the deal, just to be safe.
That leaves you to come up with the remainder, the closing costs, the renovation expenses, and whatever else.
This is where second position lenders come into play. Inside Dan’s Academy, he shows you how to find ’em and even gives you access to his personal rolodex of private money lenders. This way, you truly don’t have to use a penny of your own money to do your first (or next) real estate flip.
And no, you don’t need to be licensed or have experience in order to do this.
Some of Dan’s students are making between $25k and $100k per flip, on their very first attempt.
Another misconception is that you can only fix and flip homes that are close to where you live. It’s called technology, people. Ever heard of FaceTime? Zoom? Pretty much everything you think you’d have to be onsite to do can now be done through your iPhone.
One of Dan’s students, Stefan, just flipped two deals remotely, pocketing $94k.
How’ll you find properties though? Dan utilizes wholesalers, realtors, and the ole world wide web.
The first two – wholesalers and realtors – are great because it doesn’t take much time or effort. They’re connected, they have strong networks, and they do most of the legwork, passing on potential deals whenever they come across their desk.
Online, Dan uses websites like Realtor.com, Zillow, Redfin, and more. Inside his training, he goes into extreme detail on how to use each of those platforms.
Once you have a potential deal, you have to analyze it. Should you buy it? If so, at what price? You need to determine the ARV: after repair value. To do that, you have to find comps. What have other similar, recently renovated homes, in that same area, sold for? Get an average. Then take about 70% of that number, subtract out estimated renovation costs, and that’s what you can pay for the property.
Make the offer, either yourself or through your realtor.
If they agree, get it under contract, double check your numbers, get your lenders lined up.
Close on the crib, then cut your contractor loose. Roof, kitchen, bathrooms, flooring, fresh paint, whatever it needs. Get professional photos and staging. List it with your realtor. Sell it for a juicy profit. Repeat.
That’s the mile-high overview of Dan’s approach, anyway.
If you’d like him to mentor you, apply for his Urban Flip Academy today. There’s a step by step video course, community, coaching calls, bonuses, the usual, right?
Cost is $4,997.
Probably my favorite pitch for an REI program to date. Very well done.