Comments on: Real Estate Investing: How To Fix and Flip Houses, 5 of 5

By: mark7996

mark7996 — Thu, 29 Jul 2010 19:53:22 +0000

good videos!
good videos!

By: BrownBiz

BrownBiz — Thu, 29 Jul 2010 19:53:19 +0000

did anyone ever buy …
did anyone ever buy that house?

By: FlippingHomes

FlippingHomes — Thu, 29 Jul 2010 19:53:15 +0000

Yes, it was sold …
Yes, it was sold for around $225k I believe.

By: BigRayBonz

BigRayBonz — Thu, 29 Jul 2010 19:53:06 +0000

Bottom line it for …
Bottom line it for me…How did u start? Starting is a big thing. Do you do staging to sell your homes?

By: dudewtf06

dudewtf06 — Thu, 29 Jul 2010 19:53:05 +0000

Wow thats …
Wow thats impressive what area was that house located, and what book do you recommend for new investor that want to flip houses ?

By: krusier11

krusier11 — Thu, 29 Jul 2010 19:53:04 +0000

In the previous …
In the previous vids, they said they had it under contract for 235k. I am a new investor my self but to me, you need much, much more of a book to do this property. You need to find a really good contractor and you need cash, in this case, 130k (80 for the property, and 50 for the repairs)

By: laconia04

laconia04 — Thu, 29 Jul 2010 19:53:01 +0000

hey just a question …
hey just a question…once you sell the house.the money that you earn do you use some of it to pay off the remaining amount of mortgage?

By: GFWMOMOF2

GFWMOMOF2 — Thu, 29 Jul 2010 19:52:58 +0000

love the segments, …
love the segments, also would like to know the question, that laconia24 asked.

By: themagicofcoupons

themagicofcoupons — Thu, 29 Jul 2010 19:52:51 +0000

How long did it …
How long did it take to complete?

By: LyubomirMironenko

LyubomirMironenko — Thu, 29 Jul 2010 19:52:49 +0000

@krusier11 …
@krusier11 actually you don’t need the cash. Just ask the bank to put your down payment into an escrow for repairs, instead of the down payment. If they won’t do it, find a bank that will. I bought a property for 50,000, put down 15,000 into the escrow for repairs; it cost me a total of 20,000 to fix up and now it is under contract for 90,000. Mean while, the future buyers are renting it for 500 a month. It works, believe me. I recommend reading Robert Kiyosaki.