What is micro-flipping real estate? Is micro-wholesaling legal, $1,500/day from speed wholesaling?

by | Indy Anna, Real Estate Investing

What is micro-flipping real estate? Is micro-wholesaling legal, $1,500/day from speed wholesaling?

I’ve gotten a lot of questions about what is micro flipping, speed wholesaling rapid house flipping, fast flipping, fast assignments/assigning, speed flipping, etc.  So here’s what you need to know about micro flipping and a fast way a Hero used to get started with a version of micro flipping/assigning and make $1,500/day.

First of all, THANK YOU again for making this channel the number one channel for Indiana real estate on YouTube according google analytics and SocialBlade info for BigReia.com.

What is Micro Flipping in real estate and how do you Micro Flip a house?  Is Indiana real estate Micro Flipping possible? 

So I’ve gotten a few questions about this over the past few months and I’ve been meaning to one class that explains this: What is Micro Flipping?  Is micro flipping real?  Should/Can I do micro flipping?
– So I asked around and spoke to a few people about this (THANKS to all who helped) and I have some answers.
– This will be a grounding education about micro flipping and the opportunities and whether or not you want to do this or pass.
– I’m not an expert at ALL with this stuff so please correct me if I miss something.

So what is “Micro Flipping”?
– Also called ‘micro wholesaling’ or ‘speed wholesaling’ or ‘micro real estate’ or investing – there are different definitions based on who you ask.
– The broad definition is that you get a property and you turn it around SUPER fast, this may include closing on the property or just moving the paperwork and contract assigning.
– The three main areas of MF: iBuyers (Big Business), Leads and Speed Wholesaling

First I’ll talk about the iBuyers and Big Business one, the pioneer company involved here is Open Door.
– This company is run by super genius billionaires from Silicon Valley and after seeing their success Zillow and Redfin also started iBuying or MF.
– What is an iBuyer?  They have enormous data that they go through to find slightly under appreciated assets in a market, they buy and sell based on algorithms and they do almost everything remotely and over the computer. 
– They buy houses on the market and pay high prices and then list these houses immediately for small profits, maybe $1,000 – $2,000 for example.  These are massive operations and you probably don’t want to do this or compete with them.

Second, “Lead Brokering”?  This is weird.
– I’m including it because a few of you have paid tens of thousands to learn this and nobody is making any money so beware.
– Basically you get or compile a list of “motivated sellers” for let’s say 10 cents per leads and then you have an investor pay you $1 per lead so you make 90 cents and try to do hundreds or thousands of deal
– I don’t really understand this too much so I’m going to leave it alone and you probably should too.  In preparing for this class I did a few of these deals but you aren’t really helping the investor, agent or the seller very much.

Third, Speed Wholesaling:
– This is generally what people think MF is, there are two main versions; to close or NOT to close.  Usually you won’t actually be closing you’ll just assign the contract to an investor.  This is the most reasonable and profitable of the “normal” MF methods.
– So how is this MF different then regular assignments to an investor?  It is faster.
– To do this you would need to do your research and by crystal clear about moving forward, generally you go through a BIG list of sellers or property owners and you try to find the “nugget” and then assign the deal.
– Example: you get a list of foreclosures and cross that with the behind on taxes people or a list of people with high equity, tax liens and in divorce for example (this is called list Overlapping or Stacking) and then you go through each of them (usually call or text) and then sign any deals and instantly assign those contracts over that day.
– Below is an example and keep in mind this is ALL spam and why the laws are changing.

This is what so many investors are doing and not only is it usually illegal (or soon will be) but you are just spamming people:
– To be clear EVERY investor I know of that is doing this is not making very much money and they are spamming thousands of people a day.  Here’s the process: get a list from PropStream and do overlaps and get it down to a thousand or so “leads” then email, SMS text, ringless voicemail, have a VA call them all up about selling their property.
– Also you can use free skip tracing services to get contact info like TruePeopleSearch, WhitePages or just search them and message them on facebook.
– You go through hundreds or THOUSANDS and eventually get somebody (maybe) who wants to do a deal then sign the contract (using eSign or something similar) then find a cash buyer with a service like propstream or something like that.  Or use the MF software that the “guru” provided.
– Then they move the deal for 1-3k or so and move on to the next.
– To understand why this is so bad just ask them what kind of replies they get and they’ll tell you they get 100s of nasty replies asking to STOP and be removed.

They rarely have any relationships, but that is how they are doing it and besides us I don’t know of anybody doing it differently but I could be wrong so please let me know if I missed something. 

A Hero asked me about this as I was doing this class and said isn’t this MF and isn’t it better?  $1,500 a day “Micro Flipping” correctly?
– Another way is if we text people who RAN ads for rent and fsbo
– We take the “Yes” replies and move them to an investors (who we have a relationship with) he is trained or trains the Hero how to make the calls and he PAY $100 – $500 for that introduction
– This is a fast way to make an extra $200 – $300 a day.

But what about when you run out of ads?
– We have a team of realtors who go to their clients and others in their office 1-2 times a month and ask expiring listings about doing a lease option
– We take the replies and move them to an investor for $300 – $500 since those are more qualified people, we have multiple Heroes who can build their realtor teams and clear $500 a day easily
– But why not just train the realtor to find put up the signs, do the lockbox and show the house?
– Now we aren’t just MF but in the SAME time (without doing any more work) and now making 3-5 times as much, $2-3k/day with the SAME input
– Right now in the first month he went from zero to over $1,500 a day with the same approach and NO SPAMMING or harassing anybody and building REAL relationships

Anyway in conclusion:
– MF the way OpenDoor is doing it and paying 98% of the asking/value may be a revolution in real estate
– Most of the other talk about MF seems like BS and the same spammy no-value adding nonsense everybody does but again I could be totally wrong and I would love to be educated.  Every investor that I’ve worked with always prefers the Models we use over this same worn out (and soon to be outlawed) approach.  The reason these investors and I buy homes people resort to spam stuff is because they don’t know how to build a real business or have any business building skill developed.
– I also went over a better way to “MF” and make $1,500 a day

So hopefully that answers all your questions about MF please let me know if you have any questions, you can email me Love (at) BigReia.com or text me anytime 317-969-5619 remember that is my direct line and yes I actually do answer so please text me first.

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

Wanna Create Generational Passive Income Buying Real Estate and Small Businesses?

Here's a class on exactly how to make $30,000 in passive income as an out of state Indy landlord.  Exactly how many Indiana rental properties do you need to make 30 grand a month.  Anna can you help me invest in Indianapolis turnkey real estate investment properties?

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list. 

Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys - this is a FREE list of EVERY possible contact that you'll ever need to build a real estate business in the Indianapolis or the Midwest.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download.

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When I first go started I thought wouldn't it be great if somebody put together ONE list of every possible contact that I would ever need to build a passive income with Indiana real estate - or any Midwest real estate?  Well that's exaclty what I did with our “People Page” here it is:

A totally FREE list of every possible real estate professional contact you’ll ever need to do unlimited deals, start and scale your real estate business and create generational passive income with real estate anywhere Indiana or the Midwest.

Stay here at BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Income Ascension and Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
(YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

Free Comic Book Reveals:

100 FREE ways to find motivated sellers.