A 4-Day First Flip Equals a $25,000 Profit for Shannon
05/19/21 • 45 min
You read it right! Brand new investor and one of our awesome coaching program FlipSisters Shannon in Savannah, Georgia bought TWO flips within just a few days of each other.
While she's just about to put her first purchase which was a full renovation on the market, she decided her second purchase would work best as a wholetail deal. And as the CEO of her house flipping business, she gets to decide things like that!
She spent less than $3,000 to clean it up and had it back on the market in 4 days. It was sold and closed a month later. So, her second purchase was her first sale. And that's the one we're talking about in this episode!
Questions we'll answer include:
- How did she find the deal?
- How did she finance the deal?
- How did she know to do a wholetail?
- What the heck is a wholetail?
- What were the numbers: purchase price, repairs, timeline, sale price and profit?
- When did Shannon realize "enough is enough" and finally decide to jump in with both feet?
...and so much more! This conversation is a real treat and you don't want to miss it!
GOODIES
1. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
2. Follow That Flip! Follow this 8-part video series as we flip a house!
3. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
GOODIES
1. THE book on women flipping houses is here! Click here to grab the digital download of my new book for just $4.99! Just as everything else we do is different, so is FLIPPED: Lessons and Stories of Women Flipping Houses and Facing Their Fears.
2. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
3. Follow That Flip! Follow this 8-part video series as we flip a house!
4. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
5. Are you a real estate agent tired of chasing the same potential clients as everyone else? Sick of the roller coaster commission? Get the REI Agent Pro Certification! Click here for info and to join the waitlist.
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
You read it right! Brand new investor and one of our awesome coaching program FlipSisters Shannon in Savannah, Georgia bought TWO flips within just a few days of each other.
While she's just about to put her first purchase which was a full renovation on the market, she decided her second purchase would work best as a wholetail deal. And as the CEO of her house flipping business, she gets to decide things like that!
She spent less than $3,000 to clean it up and had it back on the market in 4 days. It was sold and closed a month later. So, her second purchase was her first sale. And that's the one we're talking about in this episode!
Questions we'll answer include:
- How did she find the deal?
- How did she finance the deal?
- How did she know to do a wholetail?
- What the heck is a wholetail?
- What were the numbers: purchase price, repairs, timeline, sale price and profit?
- When did Shannon realize "enough is enough" and finally decide to jump in with both feet?
...and so much more! This conversation is a real treat and you don't want to miss it!
GOODIES
1. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
2. Follow That Flip! Follow this 8-part video series as we flip a house!
3. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
GOODIES
1. THE book on women flipping houses is here! Click here to grab the digital download of my new book for just $4.99! Just as everything else we do is different, so is FLIPPED: Lessons and Stories of Women Flipping Houses and Facing Their Fears.
2. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
3. Follow That Flip! Follow this 8-part video series as we flip a house!
4. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
5. Are you a real estate agent tired of chasing the same potential clients as everyone else? Sick of the roller coaster commission? Get the REI Agent Pro Certification! Click here for info and to join the waitlist.
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
Previous Episode
68k Profit in 2.5 Months Using None of Her Own Money With Elizabeth
You must listen to this story of one of our FlipSisters! Massage therapist Elizabeth in Nashville is in our coaching program and just flipped her first house in 2.5 months, made a $68,000 profit, and did so WITHOUT using any of her own cash.
I've said it time and again, you can flip houses with none or very little of your own cash, IF YOU WANT TO.
Look, if you want to use your own cash, great, go for it!
I'm a huge proponent of: You do you. Do whatever you need to do to go do the damn thing. That's different for everyone. Trust yourself.
But, if you DON'T want to use your own cash, you don't have to. It's how I got started flipping houses 13 years ago and how I've been doing it since.
Two of the many things we teach our FlipSisters are creative buying strategies and creative financing strategies.
On top of that, many members of our amazing community also invest in each other's projects regularly, including myself!
GOODIES
1. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
2. Follow That Flip! Follow this 8-part video series as we flip a house!
3. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
GOODIES
1. THE book on women flipping houses is here! Click here to grab the digital download of my new book for just $4.99! Just as everything else we do is different, so is FLIPPED: Lessons and Stories of Women Flipping Houses and Facing Their Fears.
2. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
3. Follow That Flip! Follow this 8-part video series as we flip a house!
4. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
5. Are you a real estate agent tired of chasing the same potential clients as everyone else? Sick of the roller coaster commission? Get the REI Agent Pro Certification! Click here for info and to join the waitlist.
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
Next Episode
Successfully Flipping Houses Remotely with Wendy
We're celebrating yet another student's first flip! Our FlipSister Wendy in the Salt Lake City area just completed her first flip and is closing on her second one this week!
Like many of our students, she's chosen to flip houses in a different city. Her chosen market is about 3 hours from where she lives.
You see, you can save old houses anywhere! Our systems teach the precise methods for doing so.
In this episode we discuss:
- The two critical pieces to successfully flip houses remotely (and locally, by the way)
- Wendy's first flip journey
- The numbers on her deal: purchase price, rehab, timeline, profit
- How she financed the deal
- Who did the renovations
- What she will do differently on the next flip
...and so much more! You do not want to miss the golden nuggets of wisdom dropped in this episode.
GOODIES
1. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
2. Follow That Flip! Follow this 8-part video series as we flip a house!
3. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
GOODIES
1. THE book on women flipping houses is here! Click here to grab the digital download of my new book for just $4.99! Just as everything else we do is different, so is FLIPPED: Lessons and Stories of Women Flipping Houses and Facing Their Fears.
2. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
3. Follow That Flip! Follow this 8-part video series as we flip a house!
4. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
5. Are you a real estate agent tired of chasing the same potential clients as everyone else? Sick of the roller coaster commission? Get the REI Agent Pro Certification! Click here for info and to join the waitlist.
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
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