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FORECLOSURE HOUSE FLIPPING WITH ARMANDO
MONTEGRO 3DAYS BUS TOUR PROGRAM IN 2012
FLIP HOUSE WITHIN 60 DAYS WITHOUT CREDIT
OUTLINE OVERVIEW 1ST 30 DAYS
#3START LOAN APP
AND OPEN ESCROW
#2RESEARCH FOR
PROFIT AND GAIN COMPARE 1 MILE
RADIUS
#1 FORECLOSURE
LIST
#6WITHIN 3 DAYS LEFT TO CLOSE ESCROW MUST
CHANGE NEW ESCROW TO NEW PROSPECT AS
PENDING TRANSACTION
#521ST DAY SHOULD BE
COMPLETION OF INSIDE FOR INTERNET
VIEWING TO NEW PROSPECT BUYER
#4START
CONSTRUCT DURING 1ST 30
DAYS ASAP
STEP BY STEP DETAILS FROM A-Z
WITHIN 60 DAYS TO CLOSE ALL
TRANSACTION
CONTACT LISTING AGENT FOR FORECLOSURE LIST
ACCORDING TO THE DESIRED ZIP CODE WHEN
DOING RESEARCH.
STEP 1
STEP 2GET PRE-APPROVAL LETTER READY AND SCOUT THE PROPERTY FROM GOOGLE EARTH OR GO TO PROPERTY ADDRESS LISTED FOR APPRAISAL BELOW PRICE LISTED DUE TO DEFECTS AND EXCEL CALCULATION WITH A CONTRACTOR TO ESTIMATE COST OF RENOVATING TO LIVING CONDITION IN ORDER TO SELL WITHIN 60 DAYS
STEP 3FIND LENDER AND BROKER PROVIDED AND COSIGNER PARTNER WHO HAVE BETTER CREDIT WHO WILLING TO GO IN WITH THE DEAL WITH YOU PART OF THE PROGRAM ESPECIALLY FHA LOAN
TO HELP THOSE WHO HAVE NO CREDIT WITH NO DOWN OR 1%, THEN
SPLIT THE PROFIT ACCORDINGLY DURING NEGOTIATION PERIOD.
STEP 4OPEN ESCROW BY SIGN A CHECK AND DELIVER TO TITLE COMPANY OFFICE WHICH SAVE TIME. CONSTRUCTION AND REMODELING AND RENOVATING START ASAP WITH THE LOCAL CONTRACTOR. MAKE 25% DEPOSIT TO CONTRACTOR TO START
STEP 5BASIC LIVING CONDITION SUCH AS CARPET, BATHROOM IS NUMBER 1
AND KITCHEN IS #2. PAINT EGG WHITE SHELL UNDER COATING
ONLY LET THE NEXT BUYER DECIDED TO CHOSE WHICH EVER COLOR HE OR SHE SO DESIRED.
STEP 6(a)ADD DISCOUNT PRICE WITH CONTRACT LICENSE FOR FIXTURES , LAMP, LIGHT, DOOR, KNOPS, ETC, MAKE IT TO LOOK AS HIGH CLASS AS POSSIBLE TO THE EYE OF THE BEHOLDER USUALLY METALLIC METAL STAINLESS GLOSS AND STAINLESS STEAL KITCHEN APPLIANCES FOR THE WIFE OR THE WOMAN WHO LOVES TO GO IN THE KITCHEN.
STEP 6(b)
MOHAGONNY PINE DARK WOOD CABINET IS A MUST OR CHERRY OR SIMILAR AND LAMINATE MARTERIAL IS OKAY. BEDROOM IS CARPET CREAM VANILLA IVORY WHITE AND WALK WAY, LIVING ROOM, KITCHEN, AND FMAILY ROOM SHOULD BE LAMINATED WOOD CHERRY OAK IF POSSIBLE.
STEP 7TAKE PICTURES AS EACH WORK PROGRESS IN ORDER TO FIND NEW PROSPECT BUYER ALREADY AT MARKET PRICE TO START LOAN PROCESS…
STEP 8(A)AT 21 ST DAY INTO ESCROW INTERIOR MUST BE COMPLETED ON SCHEDULE FOR INTERNET VIEWING INCLUDING FRONT LAWN MUST BE GREENEST GRASS POSSIBLE . LIKE THEY SAID THE GRASS ALWAYS GREENER ON THE OTHER SIDE.
STEP 8(B)YOUR FRONT LAWN MUST BE THE
BEST GRASS IN THE NEIGHBOR- HOOD AND YOUR NEIGHBOR TO YOUR LEFT , RIGHT, AND FRONT.
EXTRA EXCESSORY LIKE FLOWERS(ROSES) CAN BE ADDED
LATER WHEN ESCROW IS OPEN UPON DESIRED OF THE NEW OWNER.
STEP 9ANOTHER 25% PAYMENT TO CONTRACTOR IF WORK IS DONE ACCORDING AS PLAN. THE REMAINDER 50% WILL BE PAY AT CLOSE OF ESCROW WHICH THERE MUST A VALID CONTRACT IN THE BEGINNING WITH CLEAR AND PRECISE AS AGREED IN THE AGREEEMENT BETWEEN PARTY’S.
STEP 10OPEN HOUSE SIGN SHOULD POST
EVERY WHERE IN NEIGHBOR HOOD AND HIGH BALLOONS AND BE AVAILABLE FOR SATURDAY AND SUNDAY AS BRUNCH OPEN HOUSE
SHOWING TO SURROUNDING NEIGHBOR HOOD PROSPECT.
STEP 11FULLY FURNISHING THE INTERIOR DURING OPEN HOUSE IF POSSIBLE AND MILD SCENT CANDLE LIT AT ENTRANCE , COOKIES, CAFÉ. AND WATER BOTTLE WILL BE SERVED. MAKE SURE TO DECORATE THE BATHROOM TO ULTIMATE EDEN WHICH IS A WINNER.
STEP 12ON THE 30TH DAY OR WITHIN 3 DAYS OF CLOSING ESCROW CHANGE BUYER TO NEW PROSPECT BUYER WHICH START NEW ESCROW BY SWITCHING OUT THE APPLICATION OR SIMPLE THE CASHIER CHECK AND THAT’S IT WE HAVE ANOTHER 30 DAYS TO CLOSE.
STEP 13THIF NOT PROSPECT BUYER
AVAILABLE FOR CHANGE OF ESCROW THEN WE STILL GOT 30 DAYS AS THE 1ST MONTH FREE RENT, THEREFORE WE DON’T
HAVE TO COME UP WITH A LOT OF CASH IN ORDER TO MAKE
PAYMENT TO THE BANK FOR THE FIRST 60 DAYS.
STEP 14THMUST ALSO WORK WITH THE REAL ESTATE AGENT AS THE BUYER AND THE SELLER AND WILLING TO CUT MORE PERCENT COMMISSION UP
TO 3% IF NEED BE AND IF THE AGENT IS A BROKER THEN USE
THEIR LOAN PROCESS THAT WAY THEY GET ANOTHER 1%.
STEP 15THONCE ESCROW IS CLOSED AND
ALL MONEY IS PAID ACCORDINGLY TO THE CONTRACT AS SET IN
AGREEMENT BETWEEN PARTNER THEN …
FINALLY
WE ARE DONE.
IN THIS SECTION WE LEARN ABOUT INCOME TAXES INFORMATION & HOW SET UP LLC, TRUST, EIN#, NONPROFIT FOUNDATION, AND INCLUDING S-CORP OR LAND TRUST
DEATH AND TAXES
WHERE WE THE PROFIT FROM THE TRANSACTION WILL BE RESIDE IN ORDER TO PAY MINIMUM TAXES PERCENTAGE
LLC’S AND TRUSTINCLUDING DEDUCTABLES FROM LLC TO BRANCES LIKE AN EMBRELLA OF TRUST WITHIN ANOTHER TRUST WITH INSURANCES AND BOND WHICH WILL PROTECT THE ASSETS AND PROFIT GAIN
LAWS AND LAWYER = INSURANCEBONDS
INCLUDING LAWYER AND ATTORNEY REPRESENTED IN REAL ESTATE AND TAX LAWS ACCORDINGLY AND INCOMPLIANCE WITH FEDERAL REGULATIONS AND WITHIN EACH STATE BY STATES WITHIN THE LAND AND EASMENT OF THE united States OF America . INC EST SINCE 1776 in association with the East Indy Trading Company.
INVESTMENT COMPARISON PRICING IN AMARILLO, TEXAS
Category 1 Category 2 Category 3 Category 40
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Series 1Series 2Series 3
INVESTMENT & FUTURES
59%23%
10% 9%
STATE OF TEXAS
1st Qtr2nd Qtr3rd Qtr4th Qtr
GROSS PROFIT AND NET GAIN YTD
Category 1 Category 2 Category 3 Category 40
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Series 1Series 2Series 3Series 4
AMARILLO REAL ESTATE PROFIT MARGIN
Category 1 Category 2 Category 3 Category 40
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Series 3
Series 2
Series 1
DANOB HOLDINGSREAL ESTATE
INVESTMENT GROUP&
MVO CONSULTING &INVESTMENT LLC