Real Estate Investing Minus The Bank. Flipping Houses. Foreclosure Secrets

For today’s episode of Real Estate Investing with Jay Conner. He will teach his viewers and listeners the step by step process of how to make a profit of $89,000 that he actually earned on his recent deal.For this specific deal, the house is located at 108 Fern Court. It’s a beautiful home over in the resort area. Jay bought this house 3 weeks ago and they are already finishing the rehab next week.First the numbers, he bought this house for $266,000, rehab $20,000.The After Repair Value (ARV) $375,000Let us pretend that Jay did not buy this house yet. Here is the possible Maximum Allowable Offer (MAO) for this house, $300,000.00 minus repairs of $20,000 that will be a total of $280,000 for MAO.But sometimes there are also some unexpected repairs that you did not count on. So to cover this Jay always prepares a buffer of $10,000. By doing this, it will give him the most decent amount that he will pay. So the amount now that Jay would almost pay is $270,000.But how much did he actually pay?Yes, $266,000! He act