The 5 Day Flip with Jen Josey

Jen Josey is a real estate investor, coach, speaker, blogger, podcast host, and bestower of badassery. She uses her humor and experience to inspire and educate others while coaching with integrity. Jen is the creator of REIGN, the Real Estate Investor Growth Network. She is a coach for HomeSchooled by Tarek El Moussa, Certified Canfield Trainer, Certified Knowledge Business Broker, Certified Practitioner of Neuro-Linguistics Programming, and Certified Professional Life Coach. She lives in Raleigh, NC with her husband, Vance, two dogs, and two cats.

In this episode, Jen shares the story of how she was able to do a 5-day flip along with tips and the factors she considered on doing so.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you'll learn in just 17 minutes from today's episode:

Understand why you should make sure not to over-renovate when financing condos and townhomes
Discover the factors involved in doing a 5-day flip in real estate
Find out how you can work on doing a flip in just 5 days through tips and stories from an expert

Resources/Links:

Website: https://www.therealjenjosey.com/
eBook: Mastering My Mindset

Topics Covered:

01:30 – Who is Jen Josey? How did she get involved in real estate investing?
02:21 – Five factors for a 5-day flip: (1) the type of property, (2) marketing, (3) the team of contractors
07:30 – (4) type of profit margin, (5) financing the 5-day flip
11:22 – What happened while working on that property Jen dealt with in early 2020 and how much of a mess it was at first
18:38 – The color-coordinated timeline Jen created for the project, the before and after photos of the property, and the total cost and profit for five days of work

Key Takeaways:

“Anything built in the 80s or 90s, if you do it just a few updates, it produces higher returns.” – Jen Josey

“When I coach students, I always tell them, ‘You’d want to have an ROI percentage of at least 10% if not 15%.” – Jen Josey

“Make sure you really know your numbers well.” – Jen Josey

“When you’re dealing with financing for these condos and townhomes, you wanna make sure you never over-renovate. You don’t want to out-price your buyers.” – Jen Josey

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