Flip That House
Posted on June 6, 2009
Filed Under flipping houses |
A professional perspective on flipping.
Duration : 0:3:35
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22 Responses to “Flip That House”
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Posted on June 6, 2009
Filed Under flipping houses |
A professional perspective on flipping.
Duration : 0:3:35
22 Responses to “Flip That House”
Leave a Reply
The only way to …
The only way to flip a house profitably is to find a seller desperate enough to sell you his house at a price far below market value. Market value is what the price of the house considering its condition, whatever that may be. If a house needs $100,000 in work to bring it up to $500,000, then the market value is $400,000. Sellers are not stupid. They will sell it at $400K because many buyers just want it to reno and live in, not flip. Those people will pay the $400K. It will not sell for $300K.
Remember people, …
Remember people, reality television is anything but real. There something called editing in the land of TV. And it is what they don’t show you that you need to see.
Flipping houses in …
Flipping houses in today’s market is for suckers, unless you get the house for much less than what the seller is asking. There was a show in Toronto called the Big Flip where two professional renovators renovated and flipped four houses in one year. At the end of the year, they made not one red cent. One house they profited, the next they lost. After a year’s hard labor, and leaving their jobs, they made nothing. Flipping only works in a hot market, in a hot area. Otherwise, stay away.
most who are …
most who are anti-flip really do flip and tell people not to so the have more options
That’s why you buy …
That’s why you buy a DEAL, not a home.
Haha
Haha
THANKS FOR THE …
THANKS FOR THE ADVICE
Very lucid.
Very lucid.
Flipping can go …
Flipping can go wrong somtimes. One word- RENT! If you flip & sell it, you build income. If you hold onto the property & rent it, you build net worth.
Thank you for the …
Thank you for the info.
10 Dollars says …
10 Dollars says this Guy has a Boyfriend
Looking for homes …
Looking for homes to buy or sell in California, then visit NickNekoo Dot Com for a free list of active listings
The formula to make …
The formula to make money is ARV-30%(or 25K)- Repairs-
5K(For me)= The most money I offer for a house! This is then called a deal! From 50 offers 1 person may exept, the thats the 1 that bring pay day!
haha
haha
You would look more …
You would look more credible without raccoon eyes lol, too long in the tanner eh?
lol, reality can be …
lol, reality can be percieved as negative if your negative nanaja. if you dont agree with what he said lets hear some constructive crticism cuase hes right on the mark.
Great Vid! Spread …
Great Vid! Spread the negativity around.
That will leave more deals for people like me!
How many houses …
How many houses have you flipped?
what about the tax …
what about the tax on a house if you don’t own it for more than 2 years? i heard it is like 30% in California.
…
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
OK did everybody …
OK did everybody hear the KEY sentence?
“They just paid full price for the home” Well, how do they expect to make any profit paying full price to begin with?
The DEAL dictates the profit NOT the market.
T.V. shows you how …
T.V. shows you how not to flip a house.