Title | : | How Do I Begin Flipping Houses? |
Lasting | : | 6.53 |
Date of publication | : | |
Views | : | 816 rb |
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Dave basically wholesaled houses which is the easiest way to get into real estate bc u don’t need money or credit, just need to find a motivated seller & the cash buyer Comment from : Investor Friendly Probate Realtor Rilicia Wilson |
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This guy is so much wiser than that asian guy that tells everyone to use other people’s money That’s the fastest way to dig yourself into a huuuuge hole Save up and be your own boss Comment from : MoFo MoTo |
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Why would anyone ask Dave about house flipping??? He knows as much about that subject as he would know how to design a nuclear reactor 😂😂😂🙄🙄🙄🙄🙄 Comment from : MrWatlow |
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amazing advice! Comment from : Bryn Owen |
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My family has been in the house flipping business as long as ive been alive I would always help my uncles fixing it up for side money Now that im established in thinking of doing it on a small scale like singlewide trailers Comment from : Bobby Bob |
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Dude was wholesaling houses 😂 Comment from : Antonio Hernandez |
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With little money to start with, have to start off small Comment from : Jamal Smith |
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So don’t borrow $3M Got it But what about $300k over 3-5 properties Comment from : Mr Mighty |
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But yer gonna need to get the experience some how I say go for it Comment from : william parisi |
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So basically don’t flip a house, it’s bad for you Comment from : Fred Mcelroy |
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I have 85k saved up, should my goal be buying 250k houses investing 20 to 30 grand and fixing them up and flipping? Comment from : Julio Rod |
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What Dave is talking about is called wholesaling houses Comment from : craig adams |
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he's talking about wholesaling Comment from : Rare Moon |
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Ramseys advice would never work in California 50k houses, get real Comment from : Ass Monkey |
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Great points Dave!!! Comment from : Reginald Dawson |
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how does the investor not go to directly to the seller? Comment from : tryitout - |
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Just listen to the video Comment from : Pedro Carachure |
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Great advice I was looking to do the same thing However, I wanted to do it without banks and loans Just great advice!!!!!!!!!!!!!!!!!!! Comment from : Daniel Willliams |
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You don’t need any money to flip a house but like couple 100 bucks seen my dad do make like 80k off of it and blow it all at a casino in one weekend Comment from : just thisguy |
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The well-made connection mechanically tumble because direction baly fade barring a permissible mail hulking, decisive check Comment from : Jesse Healy |
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Use a bulldozer to flip the house Comment from : tejinder Singh |
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You may like to watch Homemade Homes on Youtube The fellow buys houses really cheaply, fixes them, and rents them out He's in it for the long haul Comment from : Olivia Fox |
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That's called wholesaling Comment from : Linda Mora |
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Wholesale until you get the cash brilliant! Comment from : LIVING IN KANSAS CITY |
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Dave ramsey got out of his debt by claiming banruptcy but twlla callers they are in the wrong if they want to do it Comment from : secret squirrel |
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I listen to hia show sometimes and people call in about house flipping And geeze If you have to askbrI paid cash for my 1st house and lived in it for 4 years while i fixed it up and thats how I did it Comment from : secret squirrel |
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So you used to do wholesale deals I just had a guy try to call me on one of them Comment from : Justin Tavella |
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I’m sorry Dave Ramsey but you can not be successful at flipping houses without having debt Comment from : Coulter Fruehling |
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“I never bought the house I just sold the position and another investor bought it” Smartest thing I’ve heard all day Comment from : Chazilla3000 |
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30k a yearphkk Comment from : James Dean |
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I have $1 mi cash to invest in real estate I am also a licensed contractor What and how would you begin to invest Waco Tx Area Comment from : Clint Brunson |
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There are people that think if I buy a home and flip it I’ll make money Doesn’t work that way A lot more goes into it than that simple math equation Comment from : Iceman0113 |
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So in other words "Wholesale" Comment from : PowerheadTV |
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hey Dave i a life listener now you demistified the whole house flipping thing in a very short video Comment from : Marcus Clay |
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Wholesaling 101 basically selling a assigned contract no money needed Comment from : arman jabbar |
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Most people who want to flip houses want to do it because they watched HGTV Comment from : firebird65 |
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Find distressed property bargains that banks won't lend on and buy them using hard money loans Don't offer to pay more than 60 to 70 of the finished value Work fast, don't let them sit around for long A hard money lender will loan 100 of the purchase if you supply the labor and materials to remodel A history of past successes is helpful Comment from : David King |
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Very good advice! Pure gold! Comment from : Tomasz Starzyk |
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Alot of people dont understand how dangerous it is to flip houses It's like the stock market and even bonds Never take on risk from an investment only take on risk as an investor In order to make money on the stock market you rely on the economy of the nation to do well People don't realize that you should never look at average returns to analyze your potential profits When we are in a bear market and stocks are going down, you must also consider the potential profits you could of made on interest on your money if the market was doing well and going up It can take a very long time to make up for your losses If you invest 100,000 dollars in the stock market and your stocks go down by 10 after one year, you end up with 90,000 after the loss It won't take you 10 to get back to 100,000 because 10 of 90,000 is 9,000 and you will end up with 99,000 instead of your full 100,000 and those loses can compound over time when people are convinced to invest in the longterm Bonds rely on the national interest rates to stay lower than your note Once the interest rates become higher, your bond will devalue and the national interest rates are not under your control When you flip a house, you rely on the housing market to do well and to perform just as strong from when you started to analyze the deal and eventually finance the deal If the housing market drops for your investment during the months that you rehab the property, you would of rehabbed a house that has went upside down while you took debt out in order to finance that deal That is dangerous because you don't control the housing market Only invest in things you can control And debt on top of a bad investment can really set someone back like it set Dave Ramsey back Comment from : Ed Veras |
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He needs to ask his father for a raise or a End of the Year Bonus based on performance Also, how much is his father making/year? Comment from : robs garage |
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Dave never mentioned assigning the deed? Or taking over the mortgage note ( which would be a pre foreclosure) He just said finding a foreclosure Comment from : Angela Willis |
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What is your opinion on a tax lien property ? Comment from : Faiza Aziz |
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This is Wholesale Comment from : YourRealtorSam |
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And what if you don't find an investor in that 5 days, so end up with a contract that you cant pay !? Comment from : Do Something Great |
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Where did you go to buy foreclosures? Comment from : White Chocolate |
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Dave Ramsey is the reason my sisters and I are getting into wholesaling! Comment from : Paulette Brown |
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Very Great Info!! Comment from : Wonder Planet |
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What is flipping Comment from : Amur Ika |
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The concept is called wholesaling go check my channel i break down how you can make $5,000-$20,000 flipping houses no money no credit! Comment from : Tobi Rosario |
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Dave does Wholesaling? Didn't think he had it in him! Cool! Comment from : Mike Burns / Arranged Accidents |
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I’d start online business forget house flippin Comment from : Bobs World Entertainment Podcast Ltd |
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Yeah that's wholesaling makes sense Comment from : Shaun Morgan |
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High property taxes? Free OVER tax scan checks at Enformics Comment from : Mario Fuentes |
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Watch Ben Mallah on YouTube Comment from : Elis |
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Isn't that called "flipping contracts"? Comment from : Mike Morgan |
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This was excellent advice Comment from : Reese Johnson |
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Another educational video Comment from : Island Voice |
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Fellow Tennessean Thanks for all the tips Comment from : TK VimSavage |
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Where do I find real estate investors?? Comment from : TCSoFresh |
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Two people combined make 30k a year?? Ouch 😳 Comment from : MoosePhorus |
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There is good money in doing bathrooms and small projects He could work with one of the Home Depot contractors if he doesnt want to make sales himself Comment from : Liberty Springs |
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2:01: If a bank buys out another bank don't they have to honor the loans that already exist? How can they call the notes and force a borrower to make balloon payments since notes (debt/charging interest) are what keeps a bank in business? Comment from : tensphreak |
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Debt is not bad! Comment from : Jonathan Passaro |
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bWholesaling real estate could be great to start with I’m getting into that now!/b Comment from : Nick Scuderi - RealLife Money |
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This guy is such a downer Plus his voice 😒 Comment from : Leo Almonte |
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God bless you again thank you for the advice Comment from : Kristine Kristine and Peter |
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Do Dave Ramsey was a wholesaler Comment from : Jamie Cummings |
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Don't flip houses, just rent them out More money made in the long run Comment from : Austin |
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What the guy wants isn't flipping, it's rehabbing I know a guy who does well at it now that he found really good contractors for each improvement at good prices You need an eye for which properties offer an opportunity for high-value but low-cost improvements Comment from : Michael Woods |
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Buy the house or the contract ?🤨 Comment from : Christ Will Return |
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It's called wholesaling Comment from : Ignacio Cárdenas |
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Great video Reach out the Connected Investors Team - Amay at Connectedinvestors dot com if you want to get your message out to our social network of nearly a million real estate investors Comment from : Connected Investors |
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Take a loan from daddy A lot of kids do Comment from : Michael Bruce |
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How do people live on 30k brIm at over 100k and barely make ends meet in california Comment from : Zaid Chalabi |
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If he knows how to fix up a house he should just work for other people fixing to their houses They can pay him under the table for weekend jobs and that can be his side hustle Comment from : Elizabeth L |
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Dave makes debt sound like a bad thing Debt can be a great thing if used wisely He shouldn't have allowed himself to get 3 million dollars in debt by flipping houses If you start small, take it slow, and invest your earnings in to new properties instead of taking big loans on every one, you wouldn't end up in the situation dave did when he was younger Comment from : Alex Harp |
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Cow Tipping > House Flippingbr🐄 > 🏠 Comment from : TheBatugan77 |
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He sounds like he's 70 years old Comment from : Commenting |
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FLIPPING HOUSES TAKES A LOT OF MONEY NONSENSE PEOPLE SAY YOU NEED NO MONEY TO FLIP HOUSES THATS NOT TRUE MORE TO THE FLIPPING BUSINESSES THAN THEY SAY YOU NEED TO DO YOUR HOMEWORK BEFORE YOU START FLIPPING Comment from : Dale Rowan |
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Dave has PTSD from going bankrupt Comment from : Tony Johnson |
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Stealing equaty, is third world country Business Be ashamed! Comment from : King Jeremy Sir Cornwell |
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Where do these people live that they can live off 30K per year? Comment from : Reggie S |
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Very very very very very few people can actually make money by "flipping" houses The truth is the deals just aren't there A house worth $50,000 is worth $50,000 weather the owner is in foreclosure or not You will not be able to buy a $50,000 dollar house for $25,000 Comment from : Tom Arico |
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Dave!? I’ve seen used Toyota’s for sale for more than new prices Is the depreciation based on a ford, gm etc? Seems that Toyota’s hold their value Thank you for your time! Comment from : Im Will |
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Is the way you used to flip houses still legal? Now I have to go look this up Comment from : Salem Thorup |
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