Training Programs & REI Trainers

(Case Study) Free Houses With Cash Flow…

Here’s a case study on how we got a free house, with a ton of equity, plus positive cash flow. It was a pre-vacant house, meaning we found it right before the owners were moving out. We found it using a technique we call “The Sick and Tired of Being Sick and Tired” method (more on that in a minute). Here’s the numbers on the deal…

​Purchase price: 23k   Rehab: 18k   ARV: 110K   Exit Strategy: Buy/Rehab/Refi/Hold

We get a TON of deals like this using The Sick and Tired of Being Sick and Tired Method. In a nutshell, it’s targeting landlords, but we use a backdoor approach that works like gangbusters. We spent years targeting tired landlords the way the guru’s teach, with the typical postcards, and never got a very good response. Once we figured out our new system, we started making money hand over fist by targeting tired landlords. Using one of the systems we teach in The Pre-Vacant Goldmine, we actually find most of these houses right before they become vacant – which tends to be when the landlord is at their most motivated point.

We found this house while farming a neighborhood near a private college. We ended up negotiating a great deal with the seller, who was highly motivated, didn’t have the money to fix the house up and didn’t think he could sell because the house was in such bad condition. We ended up buying it, rehabbing it and then refinancing. We pulled all our cash back out, plus some and then rented the house out for $900/month. Our positive cash flow is $473/month. Not a bad deal. We got all the money we put into the house back, put 30k in our pocket on top and added $473/month to our income. Had we not figured out our system for finding pre-vacant houses that our competitors don’t know about, we would’ve never found this deal…


​Want to find and do deals like this in your town? Watch this video on finding Pre-Vacant Houses…

About the Author Sean Flanagan

Sean Flanagan is a Christian family man, MMA Lover, Jiu-Jitsu and Muay Thai practitioner and self-confessed coffee addict. Lover of everything real estate related and a coach to successful students nationwide. He is the author of PRE-Wholesaling for Fast Cash, Founder of Lucky Buys Yucky Houses ®Motivated Seller Marketing Program , Creator of Pre-Vacant House Goldmine, and also of Abandoned House Secrets.

Sean Flanagan

Sean Flanagan is the CEO and founder of the Investor Lab, a real estate education and publishing company which has trained, coached and mentored thousands of aspiring real estate investors towards successful careers. Investor Lab, LLC was meticulously designed to serve as a comprehensive resource center catering to the distinct needs of real estate investors.

A sought after speaker, real estate coach and published author, he has appeared on major networks such as ABC, NBC, CBS and FOX.

Prior to launching the Investor Lab, Sean founded a now nationally recognized real estate brand which was a pioneer in the industry, introducing many investors to “outrageous marketing” combined with the power of broadcast TV commercials, radio ads and billboards used to saturate a real estate territory and quickly become the most recognized real estate investment company in the area. The brand is now licensed by real estate companies in over 150 markets across the country.

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