Doug Clark is a real estate investor from Utah. He is the start of the international hit real estate reality show, Flip Men. Clark together with Mike Baird purchase a foreclosed property at an auction and attempt to turn the property into profit. There are so many real estate investors out there who use flipping as a way of generating a huge amount of money. What sets Doug apart from the rest is he is hands-on when it comes to the renovation process. He does not hire somebody to renovate the house. He and his partner Mike, together with their foreman Geenee renovate the house, from removing what they think is unnecessary to adding things that will increase the value of the home.
Doug and Mike join every auction and every successful bidding war; they acquire a home they have never seen. So, the challenge starts not on the actual renovation but from the moment they first enter the house. They don’t know what’s inside. They don’t even know what the house looks like. In one particular episode of the Flip Men, they were chased by an abandoned dog. Mike was almost bitten by the dog. There was a time when they see the property for the first time; they saw a carpet with blood stains. They call the police to have it checked and wished that the blood stain is not caused by crime. A possible crime in the property can significantly reduce the value of the house. Some of the properties they acquire have biohazards, and they were even greeted by an angry former tenant who doesn’t want to leave the property.
After conducting a thorough inspection of the property, the next step that Doug takes is to clean up the place, have it renovated, and get it to the market. He and his team do the flipping in a thorough and quick way because it is a race against time. When it comes to flipping a property, every single day is important because it is equivalent to thousands of dollars out of the investor’s pocket. In his TV show, Flip Men, it gives the audience not just a glimpse but the whole picture of how it looks like flipping a property. Viewers will be able to see the entire process from buying the house, doing repair and renovations, and the whole flipping process to turn the dilapidated property into a profitable one.
When Doug was asked about his plan after the foreclosure crisis, he would only answer that what he is doing is buying and selling properties. Even before the foreclosure crisis, there are already plenty of properties to purchase at auction and most people are not aware of it. There will always be foreclosure possibilities, and a real estate investor should keep an eye on foreclosure properties as they will be a great source of profit, especially when flipped properly.
Doug Clark’s other real estate business ventures
Aside from being a successful investor, an active flipper, and a TV host, Doug Clark also has other ventures. In 2005, he founded the Equity Capital Group. It is the largest and highly reputed foreclosure buying firm in Utah. Since 2005, his company has successfully purchased about 50 million at the courthouse steps. In the very same year, he formed the Foreclosure Boys. It is a reality TV show that features the human side of foreclosure and how it directly or indirectly affects everyone.
There are many strategies you can use when investing in the real estate. You can try wholesaling, buy and hold, flipping or rehabbing, and a whole lot more. Investors like Doug Clark prefer flipping because it requires a small capital, a few money for renovation purpose, and presto! After successfully rehabbing a house, you can now sell it at a much higher price, which will, in turn, give you profit. Clark and his friend Baird rehab the house in a matter of days to weeks. With their quick and hands-on flipping approach, they were able to close deals one after another. If you want to get more insights on flipping and real estate in general, then you should watch Flip Men. You might also want to consider attending one of the seminars, workshops, and live events conducted by no other than Doug Clark, himself.
Learn more about Doug Clark real estate education here https://clarkedu.com/