I have been a self employed Carpenter/handiman for 20 plus yrs & all I have wanted to do for the past ten yrs is to invest in fix & flip realestate.I have carpentry experiance & Good credit but, can't quite find the Gonads to do it right.I ordered Carlton Sheet's course aprox 10 yrs ago & his revised course aprox 2 yrs ago. I watch "Flip this house " on TV Where they make 100,000 bucks in 2 weeks. All I want to do is make an OK living.40,000 A yr is all I need to live comfortably. I have bought a couple of fixer uppers in the past, fixed them up & sold them for a good profit. The only problem is that I live in it for aprox two yrs before I sell it all the wile not working. I get a home eqity loan & live off that for the two yrs.I don't like working for people including customers. I only like to work for my self. Anyway, any suggestions ?
2006-12-07 02:20:07 · 7 answers · asked by jimbobob 4 in Business & Finance ➔ Renting & Real Estate
Seeing as you state you don't like working for others, including customers. What other suggestion is there but for you to find the courage to take the risk and flip houses faster than you have in the past. You either follow your dream or you don't, your choice.
The housing market has softened and prices are falling so it might not be such a good idea any more, but there you have it.
2006-12-07 02:30:19 · answer #1 · answered by parsonsel 6 · 0⤊ 0⤋
My program takes you by the hand, and walks you through the Buy, Flip, Sell process. You can flip houses without ever even owning them! There is no need to live there for 2 yrs......
My program isn't like the late night infomercials! I actually use every process that you will be taught. The guys on late night tv probably don't even know what a hammer is.
Better yet - my program is cheaper than all of the others, and for the month of December - it's half off. Now is the time to buy Real Estate!
Flipping houses is a great profession to be in. I currently flip houses for a living, and have had a blast making hundred's of thousands of dollars. The key is to do as much work as you can on your own.
Did you know that you can make $40,000 + on a house, and never even own it?
Take a look at my website - I just put it online last month -
Please realize that Flipping Houses is not a "Get Rich Quick" Scam!
Do as much research as possible before starting on your first flip -
http://www.learntofliphouses.com
Kind Regards and Good Luck!
Adam Monforton
2006-12-07 02:37:58 · answer #2 · answered by p3mofo 2 · 0⤊ 0⤋
The quick turn arounds are a risky venture right now and will be for some time in most major markets. There are pockets of opportunity around the country but this investment philosophy requires a hands on approach to be successful...you can't do it remotely and be effective.
Here is some additional info. Hope this helps.
2006-12-07 03:24:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Carlton Sheets is a crook and most of what he teaches is illegal in many states. For instance, a simultaneous closing is illegal in Texas. Plus, for his programs to work, you have to find a really desperate and ignorant seller. Good luck with that.
Talk to some mortgage lenders who are savvy in NOO (non-owner occupied) financing. There are many different loan programs for investors out there. For a flip, you don't need to be concerned with the interest rate since you're only making one or two payments, but you want the highest LTV possible to keep your liquid assets available.
There are also hard-money loans with simple qualifying, using the property's ARV instead of current market value.
Good luck.
Rick
http://www.fairwaymortgagelending.com
2006-12-07 02:30:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If it became into basic then no you will purchase them on the better value- they could purchase at decrease. There must be attempt, skill and risk in touch. the terrific thank you to commence is to purchase a house to stay in that needs to be fixed up- stay in it 2 or 3 years and then sell. this form you may get a much greater efficient loan with a decrease down value and you additionally can avert paying any taxes on the ease! Tax unfastened earnings! some people do purely this lower back and lower back lower back to avert the taxes. The paying for area is the toughest to assessment. you ought to purchase a house in an outstanding area and that isn't a money pit and fasten it with as little money as achievable (commonly your exertions if achievable). you're probably terrific served to artwork as a reachable guy style of guy for somebody else it fairly is paying for and fixing up and merchandising. That way you may study stuff in genuine existence from them approximately paying for and merchandising and fixing up.
2016-10-05 00:12:17 · answer #5 · answered by Erika 4 · 0⤊ 0⤋
yeah where right here we work with investment property all the time let me know what state your in so i can see if were licensed there and help you out
2006-12-07 02:55:25 · answer #6 · answered by ladiesman 1 · 0⤊ 0⤋
look online at a site like
http://www.mylista.com
They are sure to have something you like
2006-12-07 05:34:47 · answer #7 · answered by Anonymous · 0⤊ 0⤋