MoneyThis week Peter and I want to congratulate elite client Doug Kiehn for another successful fix and flip deal. Next week we close of the sale of a deal in Seattle WA with a net profit of $97,000! We’re very excited for Doug and are working hard towards his “Freedom Day” (when he fires his boss).

This leads me to something else we wanted to talk to you about. This year Peter and I have been sitting on too much excess funds. Our money investors have more money then we have deals for (great problem).

So we’ve been working on a finders program called the Quick Flip Money Machine™. We’d like to share with you a little about it and then we’d like your suggestions and feedback.

Basically, when it comes to fixing and flipping houses there are 4 main areas of focus:

  1. Finding
  2. Managing
  3. Marketing and Selling
  4. Funding (raising capital)

For us, of the 4 areas of focus, FINDING is our most challenging component. We have the other 3 already in place. We need more help FINDING deals. FINDING deals is also the quickest way to cash because you don’t have to wait to fix it and sell it. So what we are setting up is a way to pay you for finding deals.

Here’s how it works:

  1. You find a deal that fits our criteria
  2. You submit the deal in our system
  3. We pay you for finding the deal.

To make sure you have the tools to succeed, we’ll provide you with a proof of funds to make all-cash offers and show you the kinds of deals we’re looking for. Then you go out in your market and start making offers, find a deal and we’ll pay you for it!

Here’s where we’d like your input…

How much do you think would be a fair finder’s fee per deal? We were thinking between $3,000 and $10,000. Remember, you get paid out up front not after it’s fixed and sold. By the way, currently our Residential Back Flip™ finders program pays $10,000 and that seems to be working really well.

What other suggestions or ideas do you have for us? What would you like to see that would make this program work really well? Your input is very important to us so please post your ideas below in the comments section.

Watch for more details on the Quick Flip Money Machine™ in the near future and happy investing!


finding deals
Click on this picture to see the beautiful job Doug did on this rehab!

real estate investing

My favorite part about having the new baby was the excitement from my other kids when they met William for the first time.

I have great news to share with you all. This week we were blessed with a new baby!

William Scott Norton came on May 24th and weighed 7lb 5oz. Everything went perfectly and mom and baby are doing great.

“William” means determined and resolute. “Scott” is after my little brother who is battling brain cancer and an amazing person (to learn more about Scotty Click Here).

Maybe you didn’t know but this is our 6th baby (just in case you’re wondering, we’re not sure if this is our last either)! Witnessing a miracle such as the birth of a child, causes serious reflection on one’s priorities in life.

While I’m writing this I’m holding my new baby and feeling an intense sense of gratitude.

I’m grateful for…

  • My amazing family
  • My faith in God.
  • My health
  • Living in a free country.
  • My real estate investing business that revolves around my lifestyle (not the other way around).
  • Being financially free (from flipping houses and commercial properties).
  • Being able to help people and real estate investors be more successful.

For me, real estate investing is the vehicle to having, being and doing everything I want in life.

When it comes to your life, are you living your dream?

When it comes to your work, are you able to say:

“I do work that I love, with people I want to be around, because I want to and not because I have to.”

If you can’t say that with total sincerity then I encourage you to do these 3 things:

  1. Define what you want your life to be (most people don’t get what they want because they don’t know what they want)
  2. Apply the rule of 5. Do 5 things every single day no matter how small to reach your goal
  3. Get a mentor. Find someone who has accomplished what you want and learn from them.

Remember, “success is the sum of small efforts repeated day in and day out.” – Robert Collier

Jerry Norton

Posted on May 25, 2012

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