How to get started flipping houses

Would you like to get into real estate investing but never got started because every time you watch a Youtube video or listen to a podcast, you have no clue on what the hell they’re talking about, and you end up being even more confused?

If this sounds like you, stay tuned because I am about to teach you some common real estate investing terms that you must learn and by the end of this video, you too will be able to speak real estate with confidence and start sounding like a seasoned investor!

I’m Tariq from Yes I Pay Cash and the First Class Flipping Academy, where I teach you about investing in real estate along with entrepreneurship so that you can achieve financial freedom as you grow your business. I teach you how to minimize your risk and maximize your profits.

Real estate, like most other investments, definitely has a language of its own. There are tons of acronyms and terminology that you must familiarize yourself with to establish yourself as a seasoned investor. In this tutorial, I will teach you the more common terms used in wholesaling, flipping and buy & hold real estate investing.

We will touch on the following and terms and more in the video:

ARV (or After Repaired Value)

As-Is

Assignment or Assignment Contract

Bird Dog

BRRRR (buy, rehab, rent, refinance, repeat)

Carrying Cost: Also known as Holding Costs

Cash Flow

Closing/Escrow

Closing Costs

Comps (Comparable Sales)

Contingencies

Distressed Property

Driving for Dollars

Double Closing

EMD (Earnest Money Deposit)

Equity

Exit Strategy

Flipping

Foreclosure

Hard Money

LTV (Loan to Value)

Motivated Seller

MLS (Multiple Listing Service)

POF (Proof of Funds)

Private Money

Purchase Agreement

REO (Real Estate Owned)

ROI (Return on Investment)

Short Sale

Sweat Equity

Turnkey

Hopefully you will now have a better understanding of real estate investing lingo after watching the video.

There are plenty other terms that you should get familiar with as you continue your real estate investing career, but these are enough to get you started and should have you feeling more confident when you are speaking with other real estate investors.
Real Estate Investing Video Series – Discover more Videos

https://www.youtube.com/channel/UCKP4g91CmUzyW8-WmEdN1Lw

 

In Florida – Real Estate Information

This article is related to the following:

Real Estate Investing in Florida

Real Estate Investing Terms

Real Estate Investing the Basics

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