with
where you want to focus.
High End Flip Requirements celebrate
your workers
Don’t be in too big a hurry
and team, and
or you will overpay. Know
• Design as important as
when it closes,
what your maximum price
sq. ft. & neighborhood
celebrate
is before you offer and
• Exceptional curb appeal
again! Then
negotiate. Don’t fall in
Dramatic architecture
take some of
love with it; be prepared
but not eccentric
your profits
to walk away if it doesn’t
• Hire an architect
and buy some
pencil out. After you win,
• Open floor plan and
long-term hold
do your homework, set
properties
subs in place, prep for per-
great room
for inflation
mits and be ready to demo
• Volume (cathedral and/or
hedging assets,
on day one after COE.
high ceilings)
for passive
Set artificial deadlines
• Totally updated; use a de-
income, and
and/or give contractors
signer & pro-appliances
for future early
incentive and penalty
• High quality consistent
clauses. Set high expecta-
retirement. v
finish throughout
tions and drive for closure.
Use planning tools to
Tom Wilson
make sure no material or
is a 37-year
subsequence delays the project. Motivate
real estate veteran who has executed over
your crew with compliments, buying
$100M and 2,000 units of real estate
lunches, bonuses; let them know that you investments. Wilson is also a weekly host
feel that they are important, they are. Get
of the Real Estate 360 Radio program on
rid of non-performers. Re-evaluate your
KDOW 1220 am every Wednesday at 2
market carefully and set your specific
pm. Listen to his podcasts on iTunes or his
strategy when you list.
website: http://tomwilsonproperties.com
And when the project is complete,
FLIPPING LEVELS
• Wholesale with
assignment contract
• Wholesale with
purchase & resale
• Cosmetic added value
Structural added value
• Added value with
new addition
• Scraper with new build
(Speculation home)
INVEST
WITH
CONFIDENCE
INVEST WITH CONFIDENCE
I M M E D I AT E C A S H F LOW
I M M E D I AT E C A S H F LOW
D
D
iscover the lowest-risk, highest-quality residential investment properties in
country.
Using sophisticated
methodology,
the best
investment
iscover
the lowest-risk,
highest-quality
residential investment
properties
in the properties
country.
Using sophisticated
methodology,
the best
properties
are to secure
carefully
selected
by an experienced
investor
and investment
rehabbed
beautifully
carefully
selected With
by an competent
experienced investor
and management,
rehabbed beautifully
to secure cash
the flow, you
best tenants.
property
and instant
best tenants. With competent property management, and instant cash flow, your
investment
pays
worry-free
dividends
from
day
one.
investment pays worry-free dividends from day one.
PROFILE
OF
YOUR
FUTURE
PORTFOLIO
PROFILE
OF
YOUR
FUTURE
PORTFOLIO
• • Highest
Flow
Highest Cash
Cash
Flow
• • Lowest
Properties
& Cities
Lowest Risk
Risk
Properties
& Cities
• Immediate Equity
• • Quality
Immediate
Equity
Newer Brick Homes and Stable Neighborhoods
Quality – Newer
Brick
Homes Leased,
and Stable
Neighborhoods
• • Turnkey
Clear Title,
Rehabbed,
Managed
Turnkey
– Clear Title, Rehabbed, Leased, Managed
• • Home
Warranty
Typical Property
Price $139,000
• Home Warranty
Rent $1,395
“Contact
Year Built
2001
Price: $110,000,
fully renovated,
built 2005
free cash
Currently Rented
4 Bed for
2.5 $1,195
Baths
e: $110,000, fully renovated, built 2005
rently Rented for $1,195
Mention
Voice Magazine
and receive
one-year 1 of
free
Mention REI
Realty411
or reWEALTH
and receive
year
property
management
with
your
first
purchase.
premium
home
warranty
with
your
first
purchase.
Realty411Guide.com
PAGE 31 • 2014
me for a
“Contact
for a
flow me
analysis.”
free cash flow
analysis.”
TOM WILSON, President
Mention REI Voice Magazine and receive one-year of free
Realty411Guide.com
PAGE 36 • 2014
property
management with your
first purchase.
408-867-1867
TOM WILSON,
[email protected]
reWEALTHmag.com Preside
TomWilsonProperties.com
408-867-1867
reWEALTHmag.com
[email protected]
TomWilsonProperties.com