CORI: How Uber Drivers Can Become House Flippers

Uber drivers usually don’t make sufficient cash to outlive off of that gig alone. Even if you happen to drive full-time, it’s possible you’ll not have the ability to make ends meet as an Uber driver. That’s why so many Uber drivers tackle further jobs. Many drive for a number of corporations (Lyft, Amazon, and so forth.) Others tackle additional Uber work, resembling delivering Uber Eats. And some are making the most of a model new alternative to help an actual property firm, doing work for them on the similar time that they drive for Uber.

What is CORI?

CORI Corporation is an Atlanta-based actual property funding firm. It seems to have simply launched this yr. It’s headed up by CTO and co-founder Eric Richner who additionally manages The Richner Group, and We Buy Crappy Houses. Although based mostly in Atlanta, additionally they work with actual property in Virginia Beach, Chicago, and Minneapolis.

CORI is an organization that locates run-down properties, buys them, fixes them up, and sells them. In different phrases, they’re an organization of home flippers. They specialise in discovering properties that aren’t already available on the market. The house is disrepair, however the proprietor hasn’t moved ahead with promoting it, but. They simply want somebody to method them and make the proper deal. That’s what CORI does.

CORI’s Deal Finders: How Uber Drivers Can Make Money with CORI

What does any of this need to do with Uber? Well, it seems that Uber drivers are notably well-suited to discovering nice properties for CORI to spend money on. Uber drivers are on the market on the street, all day, day by day, driving up and down many alternative streets. They see properties in disrepair. They see properties that somebody might simply repair up and flip. It’s straightforward for them to supply leads about these properties to CORI.

In reality, CORI has particularly marketed to Uber drivers to get them to just do that. They have a program known as Deal Finders. Although they don’t have a major CORI web site (the URL simply sends you to their Facebook web page), they do have a web page for his or her Deal Finders Elite program. Uber drivers can head to the positioning and signal as much as turn out to be a Deal Finder, by which they’ll present CORI with housing leads.

As you’re driving round choosing up and dropping off your Uber rides, you simply need to hold an eye fixed out for good homes for this system. As you get used to the way it works, discovering the proper sorts of homes ought to turn out to be simpler and simpler. If you’re good at it, then you possibly can earn first rate cash on your leads. You generate profits when CORI sells a home that you just’ve pointed them to together with your leads.

How to Use CORI’s Deal Finders Program

Once you go to the web site, you’ll click on on the large yellow button that claims, “let’s do that.” That will take you to a web page that tells you that you just’re signing as much as do “Driving for Dollars.” What does that imply? They clarify:

“Driving for Dollars is the time period used for finding and logging properties, which can be both in dangerous form or vacant, whereas utilizing any methodology of transportation.”

So, you don’t really need to be an Uber driver, or any sort of driver in any respect, with a view to turn out to be a part of the Deal Finders program. If you’re a flaneur who enjoys strolling the streets of your metropolis day by day, you possibly can signal as much as turn out to be a Deal Finder with CORI. That mentioned, they’ve explicitly marketed to rideshare drivers due to how handy it’s for them to include house-finding into their current work.

After coming into your title, you’ll get somewhat bit extra details about the job. You’ll be taught that your job is actually to seek out homes which can be in disrepair. You’ll {photograph} them and log them into the system utilizing a novel cellular app. Then you’ll add tags to assist the flippers perceive extra about the home. For instance, you would possibly tag that it has fireplace injury or that it’s a vacant constructing.

How Much Money Can An Uber Drive Make with CORI?

According to the positioning, you obtain cost everytime you present a lead that turns right into a closed property deal. In different phrases, if you happen to present horrible leads and CORI doesn’t purchase, then promote, the homes then you definitely don’t generate profits. However, if you happen to excel at offering leads, then you can also make some money. In reality, the extra good leads that you just present, the extra money you can also make per lead.

They name their cost on closed property offers a “efficiency bonus.” You get your efficiency bonus when the sale occurs. So, first, you present the lead by the app. Then CORI could purchase the home, repair it up, and promote it. You earn cash based mostly on the quantity of revenue CORI makes with that sale.

If the sale’s revenue exceeded $15,000, then you definitely’ll get a $1500 efficiency bonus. If the deal was for between $5000 and $15,000, then you definitely’ll get $1000. And if the deal was for lower than $5000, then you definitely’ll nonetheless get $500. In different phrases, you kind of get 10% of the deal worth on common.

Moreover, if you happen to efficiently ship 3+ good offers that shut, then you might be assured 10%. For instance, if you happen to ship them a lead that ends in a $40000 revenue for CORI, then you definitely’ll get a $4000 efficiency bonus. You would have solely gotten $1500 if you happen to hadn’t already despatched some nice leads, however if you happen to’ve despatched greater than three profitable leads, then you definitely get this better-guaranteed worth.

If you actually love this work, then you can also make much more cash. “Deal Finders that ship over 50 properties will probably be eligible for cost of $1 per accredited lead, for each 50 leads.” Therefore, you would possibly make somewhat bit of money even when it doesn’t result in a property sale.

You can obtain funds through examine, Paypal, Venmo, or “money app.”

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