Comments on: Secrets Of House Flipping

By: Kenney and Kim

Kenney and Kim — Tue, 06 Apr 2010 19:38:50 +0000

lol…. yeah something like that. funny way to put it I take it as a compliment. Thanks. I hope that there is a lot here for people to learn about this biz.

By: charles

charles — Sun, 06 Dec 2009 19:12:29 +0000

This site is like house flipping for dummies.

By: Kenney and Kim

Kenney and Kim — Sat, 03 Oct 2009 15:36:41 +0000

@Joshua: First J, I love your name, it was my brothers name too. Thanks for the comment, and your welcome. Yeah, any amount is fine to option with as longs as it’s something, I mean you’re not taking their house off the market or anything, just getting the right to sell at a predetermined price. It just has to be some amount so that the contract is legally binding and so that it holds up if need be.

Yes, you can get it notarized and filing it could be a good decision. I don’t only because when I am making my “pitch” to the seller I tell them that they don’t have to take it off the market and if they sell it before me awesome. This makes it less “risky” for them and lets me get more deals in contract. I know that I am going to get it sold before them so I don’t worry about it. Also I find that whenever a seller lets me option their house they don’t even try to sell it any more, they let me handle it.

As far as commercial stuff, for the most part handle it the same (or similar) way that you’ve done with single family properties. Don’t write big check, don’t lose big check. Don’t become personally responsible for loans… just things like that. You can do it just the same your just using bigger numbers. Talk with ya soon.

By: Joshua

Joshua — Fri, 05 Jun 2009 12:38:36 +0000

Hey you guys are giving real good advice and making it simple. I’ve done exactly what you have about 4 years ago. I did not put down $10 I just did $1 in most cases. When I closed my first deal I started putting down $100 on options to purchase contract. I think you’ll need to mention to your audience if they could get their option notarize it will be a great added bonuses. It will gives you more control of the deal and make your option more legit. You will actually be able to file that option with the court houses and they can record it so no one goes behind you back. I’ve never had that problem but it’s good to know you can do that.

I’m starting do commercial investment any tips you guys have I would love to know.

Thank you
Joshua

By: Kenney and Kim

Kenney and Kim — Thu, 05 Feb 2009 22:14:13 +0000

Hey What’s up Truck Trader? Nice to see you here.

Actually, that’s exactly what this blog is about…Being able to invest in real estate and retire in 22 months without using long term investments, and very little money. Usually only $10 here or there and a couple of ad purchases usually around $120 in big cities like Dallas, Texas.

Check out this page to get more info: The 22 Month Retirement Real Estate Investing Challenge…

Hope to see you around here soon.

By: Truck trader

Truck trader — Tue, 03 Feb 2009 09:21:35 +0000

yea its a good source of income and get good amount of profit … but the only and main thing is CASH flow with you to invest in house and for that time period u need to hold ur money invested