How to Flip Real Estate Without Owning a Single Property

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 17 December 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to make money in real estate without owning a single property? In this episode of the Rich Dad Real Estate Show, Brent Daniels joins us to reveal the secrets behind flipping properties you don’t own using creative real estate strategies.

Brent breaks down how to find motivated sellers, build a pipeline of leads, and close deals without ever taking ownership. This episode is packed with practical tips on wholesaling, negotiation tactics, and how to use simple tools to identify opportunities in any market.

Whether you’re new to real estate or looking to take your investing game to the next level, this episode will show you how to profit big with minimal risk. Get ready to transform your financial future by learning how to flip houses without the headaches of traditional ownership!

0:00 Introduction to Flipping Real Estate
01:09 A Walk Down 42nd Street: The 2013 Example
03:00 Overcoming Fear and Taking Action
04:31 The Breakthrough with Carol and Margaret
10:44 Understanding the Assignment Fee
17:03 The Power of Transactional Funding
21:02 Steps to Start Your Real Estate Journey
22:29 Conclusion and Encouragement

Transcript

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0:00.0	Welcome back to the Rich Dad Radio show where we're talking about the good news and the bad news about flipping real estate.
0:08.5	I am your host, Brent Daniels, and I am telling you this.
0:12.5	If I can do this business, so can you.
0:16.5	And we know on this show that the most proven path to financial freedom is through
0:23.9	discounted real estate.
0:25.9	So I want to jump in the time machine.
0:28.8	I want to go back to 2013 and give you a really interesting example of how you can go
0:35.8	out today, take massive imperfect action and find yourself
0:41.8	an incredible real estate opportunity that could mean 10,000, 20,000, 30,000, 50,000, upwards
0:49.7	to $100,000, by just this example right here, by just this story that I'm going to tell you,
0:57.5	you can go out and implement this into your marketplace, into wherever you want to buy and
1:04.0	sell real estate or own real estate. You can go out there today and go find a great deal.
1:09.5	So it's 2013. I am walking down 42nd Street in Phoenix,
1:17.4	Arizona. This is a really popular area because it's a neighborhood that was built in the 50s and 60s,
1:25.1	and back in the time they were building smaller houses. These houses were,
1:29.3	you know, 1,000 to 1,500 square feet, but they were on good-sized lots. They were on 8,000, 10,000,
1:36.6	15,000 square foot lots. So it was a really popular area for investors that wanted to do fix and
1:42.7	flips. And I was given the rich dad, poor dad book
1:47.5	in the year 2000 as a high school graduation gift. And it broke my brain. I mean, it changed
1:53.9	my life forever. And so I went to college. I got my real estate license, and I started working as a real estate agent
2:02.6	because I needed some active income, right? I needed some cash flow coming from my efforts
2:09.0	every single day. I couldn't afford to buy assets yet. I couldn't afford to be on the right side
	...

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