Investing in real estate is becoming a lucrative business due to its high returns. According to The Motley Fool, 7.5% of all home sales in the second quarter of 2024 were renovations, showing that investing in properties that only need a few renovations is the most viable option. People like Dolmar Cross are well aware of this.
As a result, Dolmar and other experts in the real estate market have designed courses that promise to help you invest smartly. In this paperflips.com reviews, we’ll talk about the cost, what’s included, whether it’s legitimate or a scam, and if it’s worth investing in for 2024.
Who is Dolmar Cross?
Dolmar Cross, born in Jamaica, overcame bankruptcy during the 2007 recession to become a successful real estate investor and mentor. He founded 3 Day Cash Buyers, a company focused on quick real estate transactions, and co-founded Real Advisors, a real estate education company that was recognized by Inc. 500 in 2021.
In 2022, Dolmar starred in “Zombie House Flipping” on A&E TV, a TV show where he showed his expertise in renovating and selling homes in Florida. Currently, Dolmar is working as the CEO of Real Capital, a real estate solutions company based in Tampa, Florida.
Learn about Gator, a financial strategy to build and strengthen community relationships within the real estate industry.
What is Paperflips?
Paper Flips is a training course Dolmar Cross developed, focusing on wholesaling real estate. This program guides participants through searching viable markets, connecting with property sellers, arranging financing for transactions, and finding potential buyers.
What’s Included in the Paperflips Course?
Paper Flips includes a structured, a comprehensive training program that focuses on the process of real estate wholesaling. Here’s what’s included in the course:
- First Things: This initial module sets the groundwork by explaining the basics of paper flipping in real estate, particularly focusing on the use of serious money clauses to protect your initial investment if a buyer isn’t found.
- Find It: This part of the course is focused on the important aspects of identifying the appropriate markets, identifying motivated sellers, and selecting the right properties to target.
- Figure It: The third module centers on the strategies for crafting beneficial deals. It includes a live demonstration by Dolmar Cross to show these tactics in action, offering a live view of how to negotiate and close deals.
- Fund It: Here, Dolmar shares nine distinct strategies for obtaining the necessary funding for your real estate deals, offering a complete guide to financial sourcing in wholesaling.
- Flip It: The final module focuses on the end goal—finding buyers and successfully flipping the buy agreement. It includes another live demo from Dolmar, giving insights into closing deals efficiently.
- Bonus: the course offers participants plug-and-play tools, scripts for negotiation and deal-making, a customizable buy agreement template directly from Dolmar Cross, and an exclusive co-assignment contract.
Explore the top 15 side jobs for real estate agents to diversify your earnings in this growing sector.
How Much Does Paperflips Cost?
Paperflips is available for $97 as a one-time purchase. The program also includes a 100% money-back guarantee, allowing participants to request a full refund if they are not satisfied with the course content or solution.
Is Dolmar Cross Legit or Scam?
Finding out if Dolmar Cross and his Paperflips course are legitimate, or a scam can be a bit challenging based on accessible online reviews. We searched platforms like Reddit and Trustpilot and found limited feedback about the course.
Although there is a review on Reddit, it doesn’t conclusively categorize the course as legitimate or a scam, instead focusing on describing the program’s content and the reviewer’s personal experience.
Is Flipping Houses a Good Way to Make Money in 2024?
Even if Dolmar’s Paperflips course isn’t the right fit for you, home flipping can still be a lucrative way to make money in 2024. With 79,540 single-family homes and condos sold in the second quarter of this year, representing 7.5% of all home sales, according to The Motley Fool, investing comes with both benefits and risks that you should consider:
Pros of Flipping Houses
- Value Potential: If you invest in properties at a lower market price and negotiate renovations effectively, flipping can give good returns. For example, buying a troubled property in an up-and-coming neighborhood and upgrading it can grow its resale value.
- Diversification and Quick Returns: Flipping houses diversifies your investment portfolio by spreading risk across different assets, such as real estate instead of just stocks, and offer the potential for quick returns. Also, It generates returns within a few months, offering both a rapid return on investment and a way to balance your financial exposure.
- Economic Impact: Flipping houses can drive economic growth locally by revitalizing neighborhoods, growing property values, and creating use opportunities in construction and related fields.
- Control Over Investments: As a house flipper, you select properties to invest in and manage the renovation process, giving you strategic control over the investment.
Cons of Flipping Houses
- Market Fluctuations: Flipping houses need an initial investment for acquiring and renovating properties, which often necessitates relying on credit. Moreover, the success of flipping is dependent on the real estate market’s stability. Economic recessions or instant growth in interest rates can lower property values and decrease buyer interest.
- Time Commitment: Flipping isn’t a passive investment. It requires active demand to supervise renovations, legalities, and sales, which can be as demanding as a full-time job. Older or poorly taken care of homes can have problems like broken bones or old wiring, which can change your plans.
- Cost Overruns: The price of building materials and labor can fluctuate due to market trends, supply security issues, or growing demand, impacting your budget and lucrativeness.
Paperflips.com Review: Should You Invest?
While no in-depth reviews were found to give a final verdict on Dolmar Cross’s Paperflips program, it is clear that real estate investment is a viable option. This is supported by data from Attom Data, which shows that there have been a total of 4,601,822 residential properties that have sold in the U.S. over the past 12 months.
Yet, it’s important to note that such investments carry certain risks, such as market volatility. So, before investing, it’s wise to fully inform yourself, understand how the market works, and be confident in your decision. Also, there are other ways to earn income, as well as other real estate courses like 10xBNB.
Ready to change your life and achieve financial freedom?
Copy this formula to build an online business from scratch in less than 30 minutes and discover how you can earn up to $60,619.06 in just 90 days. Unlock the freedom and adventure you’ve been craving.
Frequently Asked Questions (FAQs) About Paperflips Review
Who Can Benefit from the Paperflips Course?
Those who can benefit from the Paperflips course include newcomers to real estate, who will find the course a clear and simple way to enter the market with a small initial investment. Additionally, seasoned investors can use the course to diversify their strategies and add a low-risk income stream without the complexities of property management.
Are there any Additional Costs for Paperflips?
While the Paperflips course itself seems to have no additional costs beyond the initial fee, but the participants should be aware that investing in the real estate market can indeed lead to extra expenses. These include costs related to:
- Property repairs and renovations.
- Necessary legal paperwork.
- Transaction fees.
- Potential taxes.
What Kind of Properties are Best for Flipping in Real Estate?
Choosing the right kind of properties for flipping in real estate is important for getting the most from your return on investment and reducing risks. Experienced flippers often look for certain key characteristics that indicate a property’s potential for a useful flip.
Here’s a guide on selecting ideal properties for flipping in real estate:
- Financial Viability: Assess the financial aspects carefully. Look for properties priced below market value that, once renovated, can sell at a profit. Consider the costs of acquisition, renovation, and the potential after-repair value.
- Location: The success of a flip largely depends on its location. Properties in desirable neighborhoods or near essential amenities like schools, parks, and shopping centers tend to attract buyers quickly. Avoid properties near negative influences like industrial areas, which can deter potential buyers.
- Property Features: Select properties that align with the local market’s preferences. For example, in a neighborhood where three-bedroom homes are the norm, opting for a similar size will likely sell faster than an unusually small or large property.
Value Addition: While some investors prefer ready for immediate use properties, opting for homes that require moderate renovations can allow you to add significant value. Focus on improvements that have a high return on investment, such as updating kitchens and bathrooms or improving check attraction.
