I remember the early days of my real estate career, starry-eyed and dreaming of having my own HGTV show. I wanted to be the guy flipping houses, transforming dilapidated properties into dream homes. But as I delved deeper into the industry, I realized something groundbreaking: I didn’t want to be in the flipping business at all.

The Epiphany: Flipping Paper
One day, I bought a property at an auction, and instead of flipping the house, I flipped a piece of paper. I transferred the property rights to another investor who was going to do the actual flip. And guess what? We both made money. It was a lightbulb moment. I realized it’s easier to flip a piece of paper than to flip a property.

The Velocity Game
The real estate game isn’t just about Return on Investment (ROI); it’s about velocity. How fast can you turn that money? I bought a property for $2,975 and sold it ten days later for $13,500. The velocity was incredible. I could repeat this process over and over again, turning my money multiple times a year.

The Emotional Rollercoaster
Let me share a story that happened on a Tuesday morning. I was part of an auction in Lee County, Florida. The market value of the property was $75,000, and it needed $25,000 in renovations. I ended up selling it for $13,500 to a flipper. Now, you might think the flipper made more money, but in terms of percentage and velocity, I beat him tenfold.

The 30-60-90 Rule
When I buy a property, I have a 30-60-90 rule. In the first 30 days, I aim to sell the property “as is.” If that doesn’t happen, I start planning the flip. My goal is to exit the property within 90 days, turning my money at least three times a year.

The Takeaway
The real estate world is full of possibilities. You don’t have to be confined to traditional methods. Be passionately curious, say yes first, and figure it out later. The world is your oyster, and it’s time to seize the opportunities that come your way.