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Latest comments made on this video:
By: wheresthebottom. on 01 Nov 08, 19:27:45
This guy is great.
By: mercuryfunding. on 07 Oct 08, 05:20:18
LeftLiberalSoCal, You are a complete idiot, skeptic. I just met Terry at a dinner after a MIG meeting. I am currently buying 5 houses every month doing the same thing. He took the time to explain his program then turned the table and picked my brain. Never to proud to keep learning. Maybe you should go learn and actually find your path before discounting others. Go McCain/Palin!!!
By: FlippingHomes. on 24 Sep 08, 01:37:48
LeftLiberalSoCal, Well you've clearly already made up your mind that this thing doesn't work anymore. I don't see a need to try and convince you otherwise. I can only say that Terry and I are men of integrity, and we're not making stuff up. Have no reason to. But thanks for watching our video anyway, and for taking the time to share your feelings. My best, ...jp
By: LeftLiberalSoCal. on 23 Sep 08, 23:55:08
There is an old saying here in Los Angeles: "image is everything". That is until people see whats behind the image. In other words, people can pretend to be anything they want. Especially at a business lunch. It makes NO SENSE! Banks want 20% - 25% down CASH + perfect credit and you CANNOT BORROW THE 25% anymore (it shows up)! Americans are BROKE beyond belief! They dont have 25% down! Where are the buyers? The prices are STILL FALLING. Now is a good time to jump on the Real Estate bandwagon??
By: FlippingHomes. on 23 Sep 08, 16:13:27
LeftLiberalSoCal, It's funny you'd say that - I just had lunch with Terry again and he's still doing quite well with the same biz model - actually better than ever. Sure, he's had to make a few tweaks to adjust for a changing market. But he's getting better deals than ever & passing better deals along to his buyers. He's actually doing a lot more volume & making better profits than ever. He did over 80 last year (07) and is looking to do 100-150 this year. Same model, slightly tweaked. :-)
By: LeftLiberalSoCal. on 23 Sep 08, 02:18:04
Real Estate "investor". Ha! What a joke. These "investors" are complete suckers. Who WASNT a "Real Estate Investor" in 2005? This kind of "business" produces NOTHING.
By: sctullie. on 11 Sep 08, 21:37:19
Montgomery Alabama is still a great place to invest in real estate.
By: TheSignBandits. on 06 Sep 08, 16:33:23
Very informative... very impressive. Looks like you set this up properly!
By: zouglounet. on 27 Jul 08, 03:44:37
hey guys and girls my name's alex and i need a little help please, i'm interssted to buy a four stages building and rent it to people but the problem is i don't know how please can anyone tell me how to buy a building in down payment method then rent it, and how much it can cost me thanks i appreciate your help
By: 54spiritedwill54. on 27 May 08, 02:34:13
Good one, sounds sooo easy...amazing to hear your don't check the properties before buying.
By: johnbenson704. on 25 May 08, 03:42:04
Hi, This is some good work. What do you recommand, buy a flip from Court auction? Buy from Bank? Or hire an agent and let him do the search? P.s. "I am looking for a house that I can work on it, and has a value."
By: FlippingHomes. on 04 Mar 08, 18:02:03
Besides any limits the landlords may have themselves, Fannie Mae has a 10 limit. But you just have to use lenders wo won't sell their stuff to Fannie Mae (i.e. small, local banks work well).
By: FlipItBig. on 04 Mar 08, 17:01:51
Flipping to landlords. Heck yeah! Is there a limit on the number of houses you sell to one specific landlord?
By: wendy2212. on 06 Jan 08, 06:07:02
You have to work for money, period.
By: buurrr. on 27 Sep 07, 05:12:48
hi how are you do you know if he has any yime to talk I am a beginner flipper and I had a couple of questions and that is how do i find the right house for me that dosent require a lot of work but enough for me to make a profit
By: wb242. on 15 Aug 07, 18:03:00
do you have any links to find hard money or private money lenders for up in comming investors?
By: SuperSerialDave. on 07 Aug 07, 22:52:46
Thanks for this video. As said earlier, the quality, especially the sound, is garbage. But its great info.
By: FlippingHomes. on 07 Aug 07, 01:47:04
The faster you can turn the deal, the faster you can pocket your profit and move your resources into the next deal. It's fast nickels versus slow dimes. Also hard money is a short term kind of loan - typically 6 months or less, with really high interest rate. It's in your best interest to pay it off sooner rather than later most of the time, or the payments quickly cut into your profit. Great question!
By: cmeduck. on 07 Aug 07, 01:40:37
I'm surprised that you didn't say how much under retail you're selling to the investors for. If you're getting hard money loans for each of these to fix up, why is it so important to sell fast and lose out on profit by selling for less?
By: TheNoTown. on 18 Jul 07, 20:58:46
If someone owns a house, sould they sytart an LLC and put the property in the LLC's name? When should a person do that?
By: FlippingHomes. on 06 Jul 07, 06:04:29
He tries to stay consistent with who he uses as much as possible. But they're not officially employees. Must most all of the work they do, they do for him.
By: dropdoubt. on 06 Jul 07, 03:57:31
does terry keep the contractor on staff? or does he use a few contractors and get quotes?
By: FlippingHomes. on 27 Jun 07, 01:19:15
It's really much more about the systems you have in place than the market. Actually the market's pretty slow. But Terry's got a machine in place.
By: FlippingHomes. on 27 Jun 07, 01:18:11
We just like to keep it real. We're not a production company. :)
By: wjv4me. on 26 Jun 07, 23:29:05
Good one, sounds sooo easy...amazing to hear your don't check the properties before buying. Must be a blazing market in Memphis. Thanks for the upload.