Flipping Houses Without Renovation In 2025
This is episode number 2093 and it’s installment number five. All week this week, we’ve been talking about how to flip a house without renovation in 2025 and make some dough. We’re specifically talking about how to re-present the asset once you’ve purchased it and resell it on the Internet.
We’re like, “What are you talking about?” We’ll explain that. Don’t worry. No, I mean, let’s just go back. It’s been all week. There are five steps. We flip houses the way we flip planned. That’s the big picture. I don’t do anything to it. Sometimes there are always nuances to that and little changes. I might do little things because it adds up to stuff, but I’m not buying a house with the intent to remodel it and be another HDTV show and try to do that.
We buy them so inexpensively, we can mark them up and make money right then and there and do nothing to them and get out and move on and let somebody else do that. They love it because we’re finding them before they ever hit the MLS. We’re dealing directly with the sellers. That’s how we make our profit. That’s the whole point of today.
Go back and listen to the Monday through Thursday, the first four steps. They’re all in chronological order. Right now we’re talking about, yeah, you bought it and met your criteria. The seller’s happy, you’re happy. You’ve purchased it. Now you got to sell it. There’s a new challenge to sell it because in 2025, we expect there to be just a ton of properties on the market. The thick of it is, the spoiler alert here is, you need to have purchased it cheap. You need to have purchased it below what I call the breakpoint in the market, which I’ll explain in a minute. Each day on the show, we answer a question from our Land Academy member Discord Forum and take a deep dive call. Deep dive-related land question by your request.
Tammy wrote, “I am new to Land Academy.” Welcome. “Where should I send offers to get the best plots of land?” Let’s see, that’s chapters 1, 2, and 3, right? Really chapters 1 and 2.
I’ll tell you, that’s a great question. That’s something that we all wonder at every point of our career, including mine. What you need to do is start the process, go through the Land Academy program, and start the process of horsing around on Zillow. We call it trolling and setting parameters for how much money you want to make for each piece of property that you want to buy. What will end up happening if you set the parameters correctly in one of those sites, whether it’s Zillow, Realtor, or Redfin, those are the three major ones that we use. The markets will show you where there are existing properties for sale and that are being sold within a range of profitability that meets your personal criteria.
When that happens, you stop the mouse. You look at those markets and then you analyze them with what we call, what Jill and I utilize a call, have labeled as a red, green, and yellow test. All this stuff, the stuff that I used to do, I just gave it names when we started Land Academy. When you test the zip codes that fit the criteria after you’re trolling, some of them are going to work and some of them are going to be conducive to buying a house or a piece of property, a piece of land, and selling it quickly way under market, both of those things. They need to be purchased by under-market and sold under-market effectively.
Quickly.
Yeah.
Things seem to be moving. That’s it. Tammy, when you dig in and start trolling, the best plots of land are going to jump out at you. You’re going to say, “I want to buy the best plots of land.” That’s the only thing that’s missing. The best plots of man to fill in the blank, make $20,000 a deal. Ding. Now we know what to do. You need to solve for X which is to make $20,000 a deal. Check, good. Now what to troll for.
Tammy, you’re going to go looking for those and then it’s going to jump out at you. You have to look at the whole country because you know what? It’s constantly changing. If you had joined Land Academy 3, 4, or 5 years ago, where we were all going for is changing and it’s going to keep changing. That’s why you’re here. You don’t want me to tell you, by the way, I would do you a disservice if I said, “Tammy, you should be mailing Dallas. That’s it.”
That’s all you know. You don’t know how I got to that why or what to do. When Dallas dries up or if it ever or whatever it is because what Nashville and Austin have not been the best after all, because it changes. You want to learn the backstory. How do we pick it? Why do we do it? That’s why you’re in Land Academy. We’re showing you, we’re giving you the tools so you go, “When it changes, or I even saw a hotter area now. I’m going to go add that to my mail or all that good stuff.” You’ll learn and you’ll know.
Dallas doesn’t work for everybody anyway. It might be the greatest place in the world to buy properties where it’s buy for $100,000 and sell for $125,000. That might be too much for you to spend. Maybe you only want to make $5,000 more. We have a lot of people in the Land Academy that say, “No, I just want to make enough money, 1 or 2 deals a month to pay my mortgage.”
There you go.
Now you’re making $5,000 or $8,000 a month. You would not do that in Dallas. It’s just too hard. There are other markets. There is no one place where it’s not a one-size-fits-all.
Here you go.
The takeaway from this and we’ll move on after this point is that you’re not guessing. You can sit there and look at everything that is for sale when you open Zillow or Redfill in an entire country and it’s a jumbled mess. What you’re doing is letting the data isolate based on your personal financial criteria, isolate the areas where you should be focused.
It’s what I said, just with a lot more words.
I know you use a lot of words.
I know that was. Yours had more words.
Relationship status, too many words. If you can accept that I talk a lot, I might be for you.
Two Ways To Sell Your House Online
Anyway. Our topic is, hold on a moment, I wanted to make two points here because I talked about this again in one-on-one coaching the other day with someone that there are two ways to sell on the internet for houses. Usually, in a perfect world, we will start in an area. Five moved into a new area, or you’re just doing houses from scratch, you’re going to need to build up a buyer’s list. The first thing I do is how I’m pricing them going after these flips is I’m doing nothing to them. I’m picking crappy houses.
This is painting the picture of some of the best deals we’ve done. Not all deals, but some of the best deals we’ve done, and what to expect a lot of the time is these are problem houses. There’s a reason or problem people. They don’t want to deal with agents. They don’t want to deal with this. They don’t want to pay commissions or they’re embarrassed. They don’t want to renovate, whatever it is. I’m buying some of these assets that need some work. My typical buyer in those situations is going to be an investor who has a construction company and they want to make it great and go for that peak retail price. That’s not me. You’ve listened to us for a while. We don’t have a construction company. We’ve done it. I don’t like it. It’s not my forte.
Yeah, Jill.
Our thing is let’s just get in and get out and let that next person do that. Great, so those people too, by the way, they like off-market deals. There we go but you got to build up that list a little bit. My point is putting them on the Internet. For the first 1 or 2 properties on the internet, I’m going to flat rate, MLS, list to myself, call it what it is. It’s an investor opportunity, investor special, whatever it is.
A low market.
May even have a get-together and meet them in person just that first time. I may or may not be there, I may or may not be in that town. If not, I’ll have my boots on the ground and hold this event. The point is here, I’m putting it on the internet and marketing that way to attract those buyers. That’s one way to do it and represent this and sell it. The second way is once you get 5 or 10 of those guys and you’ve been flipping deals to them for a little bit, you don’t even have to do that. Now you’re texting them when you get an address. When it’s done, like it’s closing that day, out goes a text blast, seriously. It’s first come first serve with an address and a price. You don’t even have to do this if you do it right. Go ahead.
Everybody does this wrong. That’s one of the reasons that Jill and I are qualified to have a show about it and do really well financially for ourselves. I don’t want you to make the same mistake. The whole culture of selling an SFR right now is to take 5 or 10 pictures, write a little description, maybe even get AI to write it, slap it up on the MLS, and move on to the next listing. There is no real intent to sell an asset, or a house on the part of a real estate agent at all.
You need to put yourself in that seat and what Jill said find out who logically is going to buy this house. It’s logical. It’s not a regular, throw, slap it up on the MLS, and walk a bunch of couples with kids who need to expand. In fact, no houses. Houses need to be treated with a little bit more sales respect than that. The assets that we buy are fantastically conducive usually for people to renovate them and resell them for more.
That’s a small little market, might be ten people just like Jill said. I chose this word carefully, represent the asset to the internet and sell it. I don’t mean present it, represent it because it’s either run down or needs to be renovated and sold for more. Great, you’ve got 5 or 10 people in every market that’ll take a crack at that really quickly. In fact, we have no issues selling property at all. I don’t want you to have, even in a market like this, selling houses at all, because we did all these steps before it really well. We priced it right, the seller got out on time and things happened.
You picked a great area to begin with. I really started with that because you’re so good.
I’ve been making up for ten years.
Everything you touch.
One-sided compliments.
Except for the relationship, you’re great. Just kidding.
Except for our relationship.
Thank God there’s me.
I’m not kidding. This is a takeaway from this. This should be so easy and silly. Its property should sell itself because it’s everything right. That’s why we’re acquisitions people. I’d like to think we’re pretty good at buying stuff or we won’t buy it. You have complete control over this. If it’s not crazy cheap and a pretty good area and everybody wants it, then you did something wrong.
That’s it. You did something wrong. You overpriced it or you bought something stupid and you picked an area where nothing’s moving.
You saw something in it because you want to get your career jumpstarted in this or you need to spend some money that month so you’ve made a bad acquisition. Listen, I’ve done all those things. If you do it, you should laugh at yourself and say, “I actually did what he said. I did it, and it happened, and I won’t do it again.”
“I overspent.”
You don’t want it to kill your career. You just want to move on.
That’s a whole nother week of the show is how to get out of it. That would be funny.
Sales Is Easy, Buying Is The Challenge!
Sales are easy on the sell side, but buying it is challenging. It’s a challenge we’ve accepted.
I love it.
Join us next week for five more interesting episodes. You are not alone in your real estate ambition.
We are Jack and Jill. Information and inspiration to buy undervalued property.