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LyricB
Joined: 28 Sep 2006
Posts: 63
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 Posted: Thu Sep 28, 2006 6:33 pm Post subject: Making money from real estate |
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| Can someone please explain to me the process which those infomercial people endorse...the whole buy a house with no money down and then flip the property for a big profit...or something like that? |
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kelkat
Joined: 03 Oct 2006
Posts: 98
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| Posted: Tue Oct 03, 2006 1:58 pm Post subject: |
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I think it's all just a numbers game. Even if you work with the government on your first home for a no money down mortgage, you only get that shot once.
If you want to become a flipper, I suggest you start small and work your way up. And NEVER invest more than you are willing to lose. |
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eerie
Joined: 03 Oct 2006
Posts: 185
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| Posted: Tue Oct 03, 2006 2:59 pm Post subject: |
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| Correct. And after you build up your credit and real estate portfolio, you can get loans faster and easier by putting those properties down as collateral. |
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