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Slang to Success: The Power of House Flipping Language for Millennials and Gen Z Investors

Ever found yourself scratching your head when hearing house flipping enthusiasts throw around terms like “ARV,” “wholesaling,” or “bird-dogging”? Don’t worry, you’re not alone! The world of house flipping has its own secret language, and today, we’re here to decode it and give you the inside scoop.

Picture this: you’re at a real estate networking event, and the conversation buzzes with unfamiliar jargon. It’s like everyone else is speaking a different language. But fear not, because we’re about to bridge that gap and bring you up to speed with the secret slang of house flipping.

Let’s dive into the lexicon and uncover some of the key terms you need to know:

  1. ARV (After Repair Value): This acronym represents the estimated value of a property after it has been fully renovated. It’s a crucial metric that helps determine potential profits and guides investment decisions.
  2. Wholesaling: A popular strategy where investors act as intermediaries, securing a property under contract and then assigning that contract to another buyer for a fee. It’s a great way to earn income without the need for significant capital or extensive renovations.
  3. Bird-dogging: This term refers to individuals who scout for potential investment properties and bring them to the attention of investors. They earn a finder’s fee or a percentage of the profits if the deal goes through. It’s a win-win collaboration for both parties involved.
  4. Fix and Flip: A widely recognized strategy where investors purchase distressed properties, renovate them, and sell them quickly for a profit. It requires a keen eye for potential and a knack for home improvement.
  5. Cash Flow: The amount of money that remains after deducting expenses from rental income. Positive cash flow is the goal, as it indicates a profitable rental property that generates income exceeding its costs.

Now that we’ve cracked the code and familiarized ourselves with some key house-flipping terms, you’ll be able to hold your own in conversations with seasoned investors and industry professionals. Understanding this secret slang will not only boost your confidence but also help you navigate the world of real estate more effectively.

Remember, knowledge is power, and with each new term you master, you’re one step closer to becoming a savvy real estate investor. So, embrace the language of the pros and unlock doors to success in the exciting realm of house flipping.

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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