Not every deal is a winner, but the true wins benefit many.
OK, the investor completed the flip & made a profit.
But it is much more than that. Let’s see who else won (benefited).
The winners & how they won:
The investor - bought it for $102K, rehabbed for $59.7K, listed for $280K, sold over the list price
The seller – Sold the property at the price they wanted
The wholesalers – earned an assignment fee (there were 2 that JV’d on the deal)
The realtors – earned commissions helping the buyer & seller
The settlement agents – earned fees for their services
The insurance agents – earned a fee for their policy issued
The municipalities – earned fees for recording, transfer taxes, etc.
The contractors – earned fees for the services provided during the rehab
The lender – earned interest & fees on the funding provided
The utility companies – earned revenue for the services supplied during the rehab
The home improvement supply outlets – earned revenue from the supplies purchased during the rehab
The end buyer (homeowner) – purchased their home (their dream)
The homeowner’s family – secured a safe haven to build the family unit – studies show that homeownership can lead to a more stable family life, producing better grades for students and more happiness/harmony within the family
A winning flip doesn’t impact just the investor – it impacts many.