Flipping

[trump21]

@jen5273

Here’s what I find very confusing about flipping:

So, Trump, you bought this $90,000 house for $72,000 and then turned around immediately and found someone to buy for $93,500? What I don’t understand is, is why didn’t this couple just buy the house for $90,000 straight from the original seller?

What I mean, is why was this seller having so much trouble selling the place that they were willing to accept your lowball offer? Obviously this house wasn’t hard to sell if you said you had offers flooding in the very next day. To be blunt, I just don’t see why you were needed to make this deal go through.

Was the original seller just not looking hard enough to find potential buyers? And if that was the case, then how did you find her in the first place?

I really want to learn, but this whole “flipping” position seems unnecessary in the scheme of things, looking from the original seller/end buyer point of view. Does this make sense?

Jen I didnt sell the house like you think i did, It took about 8 days to sell this house, in total 6 hours work for showing the house, paper work, etc.

[Manga27]

@Bettysue

Magna27
Where exactly would you look to check to see if flipping is illegal in your state? I am totally new to this.

A RE Lawyer.

Actually, an easier way is to just call every title company in your phone book, and ask whether they do double closes. To be doubly sure, ask if they have an attorney on staff - which most do anyway.

Take care,

… Christopher

[trump21]

Hey Christopher, What 3 states did you flip in ? Tell me about your success stories.

[Manga27]

@trump21

Hey Christopher, What 3 states did you flip in ? Tell me about your success stories.

Florida, Illinois (near Chicago) and Cali. Cali was easier than people think - the government puts out lists of distressed and abandoned homes in a PDF file, each month. I jumped for joy.

I feel successful every time I help someone into a home, and they grab the keys like they are a kid at Christmas. Or I help someone get rid of an asset that has become a burden. The money is just a side benefit.

What kinds of success stories are you looking for?

Take care,

… Christopher