How Do I Begin Flipping Houses?

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Title	:	How Do I Begin Flipping Houses?
Lasting	:	6.53
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Views	:	816 rb

Investor Friendly Probate Realtor Rilicia Wilson

Dave basically wholesaled houses which is the easiest way to get into real estate bc u don’t need money or credit, just need to find a motivated seller & the cash buyer
Comment from : Investor Friendly Probate Realtor Rilicia Wilson

This guy is so much wiser than that asian guy that tells everyone to use other people’s money That’s the fastest way to dig yourself into a huuuuge hole Save up and be your own boss
Comment from : MoFo MoTo

Why would anyone ask Dave about house flipping??? He knows as much about that subject as he would know how to design a nuclear reactor 😂😂😂🙄🙄🙄🙄🙄
Comment from : MrWatlow

amazing advice!
Comment from : Bryn Owen

My family has been in the house flipping business as long as ive been alive I would always help my uncles fixing it up for side money Now that im established in thinking of doing it on a small scale like singlewide trailers
Comment from : Bobby Bob

Dude was wholesaling houses 😂
Comment from : Antonio Hernandez

With little money to start with, have to start off small
Comment from : Jamal Smith

So don’t borrow $3M Got it But what about $300k over 3-5 properties
Comment from : Mr Mighty

But yer gonna need to get the experience some how I say go for it
Comment from : william parisi

So basically don’t flip a house, it’s bad for you
Comment from : Fred Mcelroy

I have 85k saved up, should my goal be buying 250k houses investing 20 to 30 grand and fixing them up and flipping?
Comment from : Julio Rod

What Dave is talking about is called wholesaling houses
Comment from : craig adams

he's talking about wholesaling
Comment from : Rare Moon

Ramseys advice would never work in California 50k houses, get real
Comment from : Ass Monkey

Great points Dave!!!
Comment from : Reginald Dawson

how does the investor not go to directly to the seller?
Comment from : tryitout -

Just listen to the video
Comment from : Pedro Carachure

Great advice I was looking to do the same thing However, I wanted to do it without banks and loans Just great advice!!!!!!!!!!!!!!!!!!!
Comment from : Daniel Willliams

You don’t need any money to flip a house but like couple 100 bucks seen my dad do make like 80k off of it and blow it all at a casino in one weekend
Comment from : just thisguy

The well-made connection mechanically tumble because direction baly fade barring a permissible mail hulking, decisive check
Comment from : Jesse Healy

Use a bulldozer to flip the house
Comment from : tejinder Singh

You may like to watch Homemade Homes on Youtube The fellow buys houses really cheaply, fixes them, and rents them out He's in it for the long haul
Comment from : Olivia Fox

That's called wholesaling
Comment from : Linda Mora

Wholesale until you get the cash brilliant!
Comment from : LIVING IN KANSAS CITY

Dave ramsey got out of his debt by claiming banruptcy but twlla callers they are in the wrong if they want to do it
Comment from : secret squirrel

I listen to hia show sometimes and people call in about house flipping And geeze If you have to askbrI paid cash for my 1st house and lived in it for 4 years while i fixed it up and thats how I did it
Comment from : secret squirrel

So you used to do wholesale deals I just had a guy try to call me on one of them
Comment from : Justin Tavella

I’m sorry Dave Ramsey but you can not be successful at flipping houses without having debt
Comment from : Coulter Fruehling

“I never bought the house I just sold the position and another investor bought it” Smartest thing I’ve heard all day
Comment from : Chazilla3000

30k a yearphkk
Comment from : James Dean

I have $1 mi cash to invest in real estate I am also a licensed contractor What and how would you begin to invest Waco Tx Area
Comment from : Clint Brunson

There are people that think if I buy a home and flip it I’ll make money Doesn’t work that way A lot more goes into it than that simple math equation
Comment from : Iceman0113

So in other words "Wholesale"
Comment from : PowerheadTV

hey Dave i a life listener now you demistified the whole house flipping thing in a very short video
Comment from : Marcus Clay

Wholesaling 101 basically selling a assigned contract no money needed
Comment from : arman jabbar

Most people who want to flip houses want to do it because they watched HGTV
Comment from : firebird65

Find distressed property bargains that banks won't lend on and buy them using hard money loans Don't offer to pay more than 60 to 70 of the finished value Work fast, don't let them sit around for long A hard money lender will loan 100 of the purchase if you supply the labor and materials to remodel A history of past successes is helpful
Comment from : David King

Very good advice! Pure gold!
Comment from : Tomasz Starzyk

Alot of people dont understand how dangerous it is to flip houses It's like the stock market and even bonds Never take on risk from an investment only take on risk as an investor In order to make money on the stock market you rely on the economy of the nation to do well People don't realize that you should never look at average returns to analyze your potential profits When we are in a bear market and stocks are going down, you must also consider the potential profits you could of made on interest on your money if the market was doing well and going up It can take a very long time to make up for your losses If you invest 100,000 dollars in the stock market and your stocks go down by 10 after one year, you end up with 90,000 after the loss It won't take you 10 to get back to 100,000 because 10 of 90,000 is 9,000 and you will end up with 99,000 instead of your full 100,000 and those loses can compound over time when people are convinced to invest in the longterm Bonds rely on the national interest rates to stay lower than your note Once the interest rates become higher, your bond will devalue and the national interest rates are not under your control When you flip a house, you rely on the housing market to do well and to perform just as strong from when you started to analyze the deal and eventually finance the deal If the housing market drops for your investment during the months that you rehab the property, you would of rehabbed a house that has went upside down while you took debt out in order to finance that deal That is dangerous because you don't control the housing market Only invest in things you can control And debt on top of a bad investment can really set someone back like it set Dave Ramsey back
Comment from : Ed Veras

He needs to ask his father for a raise or a End of the Year Bonus based on performance Also, how much is his father making/year?
Comment from : robs garage

Dave never mentioned assigning the deed? Or taking over the mortgage note ( which would be a pre foreclosure) He just said finding a foreclosure
Comment from : Angela Willis

What is your opinion on a tax lien property ?
Comment from : Faiza Aziz

This is Wholesale
Comment from : YourRealtorSam

And what if you don't find an investor in that 5 days, so end up with a contract that you cant pay !?
Comment from : Do Something Great

Where did you go to buy foreclosures?
Comment from : White Chocolate

Dave Ramsey is the reason my sisters and I are getting into wholesaling!
Comment from : Paulette Brown

Very Great Info!!
Comment from : Wonder Planet

What is flipping
Comment from : Amur Ika

The concept is called wholesaling go check my channel i break down how you can make $5,000-$20,000 flipping houses no money no credit!
Comment from : Tobi Rosario

Dave does Wholesaling? Didn't think he had it in him! Cool!
Comment from : Mike Burns / Arranged Accidents

I’d start online business forget house flippin
Comment from : Bobs World Entertainment Podcast Ltd

Yeah that's wholesaling makes sense
Comment from : Shaun Morgan

High property taxes? Free OVER tax scan checks at Enformics
Comment from : Mario Fuentes

Watch Ben Mallah on YouTube
Comment from : Elis

Isn't that called "flipping contracts"?
Comment from : Mike Morgan

This was excellent advice
Comment from : Reese Johnson

Another educational video
Comment from : Island Voice

Fellow Tennessean Thanks for all the tips
Comment from : TK VimSavage

Where do I find real estate investors??
Comment from : TCSoFresh

Two people combined make 30k a year?? Ouch 😳
Comment from : MoosePhorus

There is good money in doing bathrooms and small projects He could work with one of the Home Depot contractors if he doesnt want to make sales himself
Comment from : Liberty Springs

2:01: If a bank buys out another bank don't they have to honor the loans that already exist? How can they call the notes and force a borrower to make balloon payments since notes (debt/charging interest) are what keeps a bank in business?
Comment from : tensphreak

Debt is not bad!
Comment from : Jonathan Passaro

bWholesaling real estate could be great to start with I’m getting into that now!/b
Comment from : Nick Scuderi - RealLife Money

This guy is such a downer Plus his voice 😒
Comment from : Leo Almonte

God bless you again thank you for the advice
Comment from : Kristine Kristine and Peter

Do Dave Ramsey was a wholesaler
Comment from : Jamie Cummings

Don't flip houses, just rent them out More money made in the long run
Comment from : Austin

What the guy wants isn't flipping, it's rehabbing I know a guy who does well at it now that he found really good contractors for each improvement at good prices You need an eye for which properties offer an opportunity for high-value but low-cost improvements
Comment from : Michael Woods

Buy the house or the contract ?🤨
Comment from : Christ Will Return

It's called wholesaling
Comment from : Ignacio Cárdenas

Great video Reach out the Connected Investors Team - Amay at Connectedinvestors dot com if you want to get your message out to our social network of nearly a million real estate investors
Comment from : Connected Investors

Take a loan from daddy A lot of kids do
Comment from : Michael Bruce

How do people live on 30k brIm at over 100k and barely make ends meet in california
Comment from : Zaid Chalabi

If he knows how to fix up a house he should just work for other people fixing to their houses They can pay him under the table for weekend jobs and that can be his side hustle
Comment from : Elizabeth L

Dave makes debt sound like a bad thing Debt can be a great thing if used wisely He shouldn't have allowed himself to get 3 million dollars in debt by flipping houses If you start small, take it slow, and invest your earnings in to new properties instead of taking big loans on every one, you wouldn't end up in the situation dave did when he was younger
Comment from : Alex Harp

Cow Tipping > House Flippingbr🐄 > 🏠
Comment from : TheBatugan77

He sounds like he's 70 years old
Comment from : Commenting

FLIPPING HOUSES TAKES A LOT OF MONEY NONSENSE PEOPLE SAY YOU NEED NO MONEY TO FLIP HOUSES THATS NOT TRUE MORE TO THE FLIPPING BUSINESSES THAN THEY SAY YOU NEED TO DO YOUR HOMEWORK BEFORE YOU START FLIPPING
Comment from : Dale Rowan

Dave has PTSD from going bankrupt
Comment from : Tony Johnson

Stealing equaty, is third world country Business Be ashamed!
Comment from : King Jeremy Sir Cornwell

Where do these people live that they can live off 30K per year?
Comment from : Reggie S

Very very very very very few people can actually make money by "flipping" houses The truth is the deals just aren't there A house worth $50,000 is worth $50,000 weather the owner is in foreclosure or not You will not be able to buy a $50,000 dollar house for $25,000
Comment from : Tom Arico

Dave!? I’ve seen used Toyota’s for sale for more than new prices Is the depreciation based on a ford, gm etc? Seems that Toyota’s hold their value Thank you for your time!
Comment from : Im Will