Flipping 101

Learn what HGTV does NOT tell you about flipping homes. Your speaker will be me, Scott Mednick President of OCREForum.com. I will share what you need to know to flip in today’s market – and how I got this Corvette included with one of my flips. Either with or without capital, you can make good money flipping in Orange County.

I have been in real estate for over 30 years in both commercial and residential. First, I am a general contractor and learned how to remodel homes in the mid 1990’s. I was hired as a general contractor for banks such as World Savings, Great Western Bank, Wells Fargo, Fannie Mae, Freddie Mac, Home Savings and the list goes on. I remodeled over 2000 homes and really learned what works in a remodel. I also saw what sold fast in a bad market in the mid 1990’s.

Since 1997, I have flipped a lot of homes, either as fixers or new construction. I have bought homes off the court house steps, I have bought homes from realtors, I have bought homes from homeowners at the kitchen table. I know what works and I don’t over pay for any home. But my expertise is how fast I can make up my mind that I buy or don’t buy a home. 11 minutes is all I need on most homes. That is 5 minutes on the computer to comp out the home and 6 minutes walking the home to calculate costs and potential profit.

Here is what I will share with you:
• How to find the best Zip codes to invest in here or anywhere in the US
• How to find the money you need to start your first deal
• Some of my mistakes and how I still made a lot of money
• How I recently bought a home and got a Corvette with the deal
• How to hire and fire contractors when things go wrong
• How to make more money on every flip then your competition
• What to do when your flip does not sell, the market may be changing soon
• How to pre-sell your flip for more money
• How to buy a home in 11 minutes and not change your mind
• How to buy on leased land and still make money
• How I put a seller in bankruptcy and almost lost $50k, but I got the home.
• When you should add square footage or just rehab
• What your competition is doing today that maybe crushing you
• How to talk to hard money lenders
• How to talk to sellers in crisis
• Should you get your real estate license?
• Home inspectors- are they your friend?
• Home staging, is it worth the $$

Contact:
Scott Mednick
scott.a.mednick@gmail.com
949.632.2600