When you sign up for the program we will walk you thru your first flip from start to finish!
We will help you with the following aspects:
- Identifying a home to purchase
- Obtaining financing to purchase your flip
- Help you put together your construction budget and obtain permits.
- Introduce you to all of the contractors you need to complete your project.
- Help you design the home.
- Help you list and sell the home for maximum profits!
Terms and conditions are as follows:
- $1500 to start (non refundable)
- 20% of the net profit on your sale or $5000.00, whichever is greater. (ie. If you make a profit of $40,000, we get $8,000)
- You must sign an exclusive listing agreement with one of our agents for both the acquisition and sale of the property. This is done to ensure a seamless ethical transaction for you on your first project.
- You must use Atlanta Private Lending for a hard money loan, this will ensure that we are able to get your loan funded and closed on time in order to secure your home. (subject to approval)
- You must work with our list of approved contractors, these are people we know are reliable and produce a product that is conducive with our brand. –
- You must be ACTIVE in the entire process, you should visit your flip at least 3x week and we will do a weekly walkthrough with you until work is completed.
- You must have cash on hand to start the project. Your down payment is going to be around 10% of your acquisition cost and renovation budget. (ie. If you are buying the house for 100k and have a 100k renovation budget you will need around 20K to close)
- You must have cash on hand to start renovations, a minimum of 5k but 10k is ideal.
By paying your deposit you agree to all of these terms.