[Darkcyd_Turbo]

Flippin' houses in the current economy can't be a great idea can it? I mean it's a buyer's market, thus the reason your seeing so many great "deals." You wanna flip houses right before the economy goes back up because there are more people selling than there are buying right now.

[mkPOTO]

Originally Posted by Darkcyd_Turbo

Flippin' houses in the current economy can't be a great idea can it? I mean it's a buyer's market, thus the reason your seeing so many great "deals." You wanna flip houses right before the economy goes back up because there are more people selling than there are buying right now.

not really because you can purchase a house for way below asking and flipping can take time, my dad has done 3 hours in the last year and has been able to flip them because of little detials that he add that allows him to sell it. hes not looking to make millions off one house, just enough to make back his money and some profit, his last flip netted him 10k which is really good, because he bought in a location that was sought after and because he does real estate was able to help people get loans to purchase the house

[Darkcyd_Turbo]

Originally Posted by mkPOTO

not really because you can purchase a house for way below asking and flipping can take time, my dad has done 3 hours in the last year and has been able to flip them because of little detials that he add that allows him to sell it. hes not looking to make millions off one house, just enough to make back his money and some profit, his last flip netted him 10k which is really good, because he bought in a location that was sought after and because he does real estate was able to help people get loans to purchase the house

kudos to your pops...i'm just worried about the what if's. Like what if it takes awhile to sell...two mortgages would be killer.

[mkPOTO]

Originally Posted by Darkcyd_Turbo

kudos to your pops...i'm just worried about the what if's. Like what if it takes awhile to sell...two mortgages would be killer.

my dad doesnt really do home though, hes does apartment near colleges downtown, his money makers are back in peoria where i went to school, DePaul in Lp and UIC great investments

[Ricer X]

Originally Posted by kyleb350

Do you barter for mortgages too?

When I was the branch manager I could. The current broker I clear through doesn't let me play with the pricing.

[Ricer X]

Originally Posted by mkPOTO

because he does real estate was able to help people get loans to purchase the house

A-HEM!

Yeah, flipping houses in this market isn't adviseable unless you really know what you are doing. Now, if you have the means, it is a buyer's market. Buy low/sell high, right. If you can buy someplace, rent it out and hang on to it for a year or two, now we're talking.

That's not to say it can't be done as Mark has shown. But most people are morons.

I've bought 4 small SF homes in the past 1.5 years. None cost me more than $35k. They are all pieces of shit and I gladly admit to being a slumlord to section 8 renters. I've done some rehabbing and they are all rented and cash flowing now. The government pays great and on time!

[mkPOTO]

Originally Posted by AFV335i

A-HEM!

Yeah, flipping houses in this market isn't adviseable unless you really know what you are doing. Now, if you have the means, it is a buyer's market. Buy low/sell high, right. If you can buy someplace, rent it out and hang on to it for a year or two, now we're talking.

That's not to say it can't be done as Mark has shown. But most people are morons.

I've bought 4 small SF homes in the past 1.5 years. None cost me more than $35k. They are all pieces of shit and I gladly admit to being a slumlord to section 8 renters. I've done some rehabbing and they are all rented and cash flowing now. The government pays great and on time!

yeah there are plenty of morons, my dad bought 3 houses down in peoria some guy decided he could flip them and rent them out to college students well he blew his money on stupid repairs that wasnt even needed to be done and sold all three to my dad for around 150k (hehe) but be careful and do your research, thats why i give my dad the money and dont do it myself lol

and AL if you need business I will let my dad know and he can send people over your way haha

[Ricer X]

Originally Posted by mkPOTO

yeah there are plenty of morons, my dad bought 3 houses down in peoria some guy decided he could flip them and rent them out to college students well he blew his money on stupid repairs that wasnt even needed to be done and sold all three to my dad for around 150k (hehe) but be careful and do your research, thats why i give my dad the money and dont do it myself lol

and AL if you need business I will let my dad know and he can send people over your way haha

More business = more $ = I drive! Well other mods and more Pete Miller's for me! Seriously, I'd be an idiot to say I don't want more business.

[mkPOTO]

Originally Posted by AFV335i

More business = more $ = I drive! Well other mods and more Pete Miller's for me! Seriously, I'd be an idiot to say I don't want more business.

i know the owner of pete millers haha.. and yes im going to start ripping that shit apart, im wondering how hard it will be to put it into your car

[CubanJJ09]

I got this fuckin regenerative booger in my nose. It's one of those that defends Itself by making your eyes waters. One I get done raping my nose it comes back 2 days later. Huh, weird.

[mkPOTO]

Originally Posted by CubanJJ09

I got this fuckin regenerative booger in my nose. It's one of those that defends Itself by making your eyes waters. One I get done raping my nose it comes back 2 days later. Huh, weird.

dude your one messed up individual haha

[CubanJJ09]

I know, fuckin booger

[UdubBadger]

los have you gotten a loaner from Laurel before?

[CubanJJ09]

Yea they'll give u a loaner but i think they'll want it back the same day if they're not busy. U could always bring ur car in late Friday and hope they drag abd you'll have the car for the weekend. Why do u want one again?

[UdubBadger]

Originally Posted by CubanJJ09

Yea they'll give u a loaner but i think they'll want it back the same day if they're not busy. U could always bring ur car in late Friday and hope they drag abd you'll have the car for the weekend. Why do u want one again?

yeah I talked to andre about that, I have it all weekend cuz I'm coming home for a wedding and wont have time to come back there till sunday. I'm just dropping it off and putting the keys in the night drop box for them.

I was just wondering if they give crappy loaners. I mean i don't expect an M6 but i'd be nice to have a 5 series or something... just wondering what they normally give out.

[CubanJJ09]

I've gotten a lci 335i sedan. 07 535. 07 x5.

[CubanJJ09]

Wait how would u get your car back on Sunday

[UdubBadger]

Originally Posted by CubanJJ09

Wait how would u get your car back on Sunday

bringing my 2nd set of keys, they'll lock the 1st set in the glove box for me.

[CubanJJ09]

Oh that'll work. Yea u might need a wash on the loaner in and out but other than that they're good to go

[UdubBadger]

Originally Posted by CubanJJ09

Oh that'll work. Yea u might need a wash on the loaner in and out but other than that they're good to go

cool... just wanted to make sure I wasn't gonna get stuck with a Ford Focus or something ghey

[CubanJJ09]

Oh yea I got stuck with a 07 camry which is the worst ergonomicly designed car and a mini van. Both from enterprise.

Lolo sorry forgot to mention that. But all rentals were done same day. If u give them some lead time I'm sure they'll get u a bimmer

[UdubBadger]

Originally Posted by CubanJJ09

Oh yea I got stuck with a 07 camry which is the worst ergonomicly designed car and a mini van. Both from enterprise.

Lolo sorry forgot to mention that. But all rentals were done same day. If u give them some lead time I'm sure they'll get u a bimmer

hopefully... he said it gets busy on fridays but he will try to grab a set of keys when he comes in so he has something saved for me.