What is a slow flip in real estate business

Are you tired of being a traditional landlord with all the headaches of repairs and vacancies? Learn about the innovative strategy of slow flipping in the real estate business! It's kinda like doing a Rent To Own, but a little different in that we give our buyers 30 years to pay off the house. We stay on title by using a "Executory Contract", so it's easier to get them out if they default on the payments by doing a simple eviction. Follow along as I break down the numbers and take you to a property to see firsthand how this strategy works without having to do ANY repairs whatsoever. Don't miss out on this game-changing approach to building wealth through real estate. Subscribe NOW to take your real estate investing game to the next level!

00:00- Intro
1:22 - How do we guarantee failure in the real estate business as a landlord
2:50 - What is an executory contract
4:28 - How do executory contracts work in real estate
5:59 - Let's go visit the property and view the condition
8:25 - The Slow Flip system is here:
8:40 - Let's go over the numbers on this slow flip house
10:30 - Here's the magic of doing a Slow Flip
14:08 - Start interior inspection


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#slowflip #krishaskins #scottjelinek #realestateinvesting

Kris Haskins mailing address
4240 Portsmouth Blvd
#163
Chesapeake, VA 23321

[melersoy]

I like the fact that you said being a landlord did not work out for me! I am in the same boat! it is crazy to be have to deal with people.

[GregsTake]

Just recently got plugged into this strategy thanks to you Kris :)

[cameroncollier]

🤯 Paradigm shift! 🚀📈🌊 great info thank you.

[DT-glrm]

Im glad i found you man. Thank you for your geninueness

[BradBraswell]

You’re in my backyard! Portsmouth here.

[ericb]

Greetings. You had Scott.J on your broadcast. He had $30k deals for 5yrs at ($677) $875 per month as his model. In your slow flip model. How would the numbers work? Especially for Properties over $100k?

[Sara-vqi]

I just researched the contract for deed law in WV where I just moved to. They put the repairs on the seller like a landlord, house has to be livable and they even make you give a copy of an appraisal to the buyer if I read it correctly as of 2024. How would you get around this?

[JohnJames-Manifest]

I'm looking at buying a house in of course the buyers position in the situation you are presenting. How should I negotiate a deal like this to be in the best position. Additionally, I don't want to be in a 30-year deal.

[jmjpowerjoule]

I would guess that you may have paid about $.30-on-the-dollar for that house. If you did better than that...High-5...Way to go!!

[TheJshaughnessy]

Since the original homeowners are still the primary on the loan, are they still able to borrow from the equity?

[dongorgon]

When you lock them in for 30 years, how do you come up with the interest rate to charge them?

[chrisv]

Kris I do want to know your cash purchase price. 🙂

[izphilly]

Good Day Mr. Haskins, how does HB917 that recently passed in Virginia affect slow flips if at all ??

[jtsnead]

I get stuck at negotiations. Need help

[dannyboy_]

5K down payment. How much did you give wholesaler?

[curtisimo]

OK brother but how do you get a house to slow flip?

[rubenlopez-exbn]

Did you use a RMLO to pre-qual the buyers? Or any other service to pre-screen them?

[katastrofikRQ]

Hey!! Where are you based out of? I know exactly where Portsmouth Virginia is. Are you local to that area?

[malcolmcason]

This is the stage I'm in, I'm converting from being a landlord

[andres_does_rentals]

Why would someone buy a 189k after repair value property for a property that hasnt been repaired?