How do I make millions?

General Real Estate Investing
21

Let me outline my last four sub2 deals for ya:

Bought $52,000
Sold $64,900 with $5K down
$7K backside profit

Bought $114
Sold $139,900 with $8K
$15K backside profit

Bought $82K
Sold $104,900 with $5K down
$17K backside

Bought $120K
Sold $134,900 with $5K down
$9K backside

That’s $23K in cash, $41K backside profit. Each averaging $200/month cash flow. I’ve structured these in a way where they either refinance or pay me a nice interest rate for the next 30 years.

I bought two Junkers today that I’ll make around $27K on.

I’m buying a house sub2 tomorrow that has $25K equity in (30% on this cheap house)

My deals are puny compared to people who know what they’re doing…

You talk an aweful lot of trash for someone who is yet to do a deal…

Stay home.

22

All that landlording must be annoying

23

Not a landlord, these are owner financed deals. Buyer is the owner. All I do is collect a check monthly.

Being a broke troll must be annoying, isn’t it?

24

What do you do with houses that don’t need rehab and don’t have a mortgage to take over?

25

You’ll never make millions doing the work yourself.

26

But I think I could make millions if I started a humongous mass mailing campaign.

I can either flip it to an investor, sub2 → owner finance it…

But I still don’t know what to do if it doesn’t need rehab and doesn’t have a mortgage to take over.

Just low ball the offer by $5,000 and try to sell it to someone else for full price?