First off it isn’t like you see on TV or hear about Flip Flop American Chancleta Survivor Shirt. Most people are borrowing constantly to buy, remodel, pay themselves and hope they make enough on the next one to pay for all the debt they borrowed.The real way to profit is to purchase a house for $20–50k remodel, refinance and hold it. Keeping your monthly profit at $200-$300 a month per unit. Reminder, the flipping business is hard. The real deals are gone before the novice gets a chance. Last year in our group of Private seasoned investors average profit per house less than $20K. Dealing with realtors, hard money, contractors, and about a thousand other things. Honestly with most novice investors you don’t have the financials to do it. If you are $30k upside down in a project how are you going to cover that, hell just $5k? As a novice flipper you aren’t going to have hard money running to you to loan you money!! Trust me on this if you have $500k in hard money and have dealt with an experienced investor like myself,( my money men always get paid!!!) or some pie in the sky new guy. Who in the hell are you going to choose.
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All the stuff you see on TV is BULLSHIT!!!! All the Gurus are BULLSHIT!!! Most of the Flip Flop American Chancleta Survivor Shirt!!!! Trust me when I tell you this, the person who taught me to flip houses didn’t charge me a dime, helped me through the entire process!! Now I was a Industrial project manager at the time and new about managing a project!! TRUST ME DON’T BELIEVE THE HYPE KEEP YOUR DAY JOB AND REMEBER YOU PROBABLY ARENT AN INVESTOR OR REAL ENTRPRENUER!! You will thank me for saving you the heartache and disapointment!!!