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"The term "flipping" is used by real estate investors to describe "residential redevelopment". Redevelopment of distressed or abandoned properties or neighborhoods has sometimes been linked to malicious and unscrupulous acts in the post housing bubble era. The term "flipping" is frequently used both as a descriptive term for schemes involving market manipulation and other illegal conduct and as a derogatory term for legal real estate investing strategies that are perceived by some to be unethical or socially destructive. In the United Kingdom the term is used to describe a technique whereby Members of Parliament were found to be switching their second home between several houses, which had the effect of allowing them to maximize their taxpayer funded allowances." - wikipedia
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The interviewer looks like he’s trying to spot the fraud , it’s when he’s faceslaps his head after his lie in an attempt to wash his shame away from spilling so much bullshit from his giggling gay mouth !when they met in the airport I’m sure he was just trying to get a blowjob but now he has to do this gay interview ! He’s now probably smoking dope watching this playback waiting for the replies to see what monkey believes this shit how the fuck did I get here
This guy does not make money through real estate or make money at all. I didn't watch the entire video but haven't heard anything about capital gains and a lot of his statements aren't true or done make sense as I and many people I know are into real estate lol.
question: no bank will give you a mortgage without having a steady good permanent income to prove that you can repay the monthly mortgage. How does that work? Somebody had to hold the door open for someone here in order to get a foot in the door.
So basically, he profits off of people who are struggling and have little choice but to sell and take losses......good karma business model right there. No different than a dodgy stock trader selling bunk stock to people who can't afford them under the guise that they will make good returns....didn't they make a movie about a guy like that? Dirty and grubby.
Those of you keyboard gurus who have not get your feet wet in this arena and complaining about some missing part in the story need to go back to a lecture room and have your neurons schooled to get a job. This kind of information for students in the university of hard knocks.
Ok bro so you made your money thats cool, i have a deal with a 4 plex im in the process of buying, needs to be renovated and rented out after, but i dont want to live there i want to travel the country. Is is a good thing to buy this or pass, and just travel. I want to have both just i dont want to be there while im traveling or deal with tenants! What do you suggest?
Why you think must people fail on Real estate?
Well like, especially like, the whole thing on selling like, when you do flipping is like, the way we use to like...
How many "LIKE" can you hear per sentence during this video.
Why are so many people sooo mad at this kid ?? Everyone saying daddy did it for him.. I’m 26 and broke as fuck and would love to be in his position and I’m not sitting here acting like he’s either a criminal or a trust fund baby. I know a couple people that I grew up with that are very successful and they grew up with no money and had tons of creativity and ambition and they made something out of nothing. Quit be stereotypical millennial pussies that whine about everything.
What are you haters on about. How else do you think people who buy and sell make money, its at the time of purchase. Renovating doesnt make profit, its simply done so the house you bought under valuation sell easier. Not rocket science. This isnt ripping people off, if you knew how many fees they are up for quite often buy and sell offers save you money if you are foreclosing etc. The average house price in my city is $800k, you gotta buy for $560k to make a feasible profit. And yes its hard to find these sales, as for every smart person who sees the savings in it you get 1000 more who get emotional about it. So stop hating on the guy. I do wonder why hes rubbing his eyes so often though lol.
Somehow this guy comes off as disingenuous? I make a living independently flipping properties (for real). You can amass a few million pretty quick. Reason most people don't do the same is (1) they don't have the passion/interest to choose good investments and renovate, (2) they don't have the capital to start with (something in the range of 50-100k), (3) even if they have the money, they're afraid of the imagined risk/difficulty. (For even bigger returns, wander outside the country to developing metropolitan areas.)
Reason (1) is really important; if you don't have a legitimate passion - almost an obsession - with looking at condos/houses/storefront properties and imagining the possibilities, you'll make too many mistakes and fall into serious debt pretty quickly.
“It’s just as easy to buy a house for 300k, put 50k in to it and sell it for 550k, make 100k, as iit is to buy a house for 10k, put 10k into it sell it for 50k and make 20k.....”. Can this dumbass do simple math? The first flip would’ve been 200k, and then second flip would’ve been 30k. This guy is a fucking dumbass Lololol.
This guy knows what he's talking about. There's too much involved with this level of real estate to fake it when asked specific questions...especially involving prices and profits. Igor's on point, and gives direct answers. Listen to the audio only if you're easily distracted. There's some really good content in this interview.
Lmao all the comments trashing this guy but I bet 90% of you haven't looked into any of the info he is talking about with stuff like wholesaling real estate. These are all legit ways of doing business without a real estate license.
Not sure which state he started in but the first thing he talked about which is being a real estate broker the intermidiary between buying and selling real estate you need a license to do that in Texas which probably costs alot of time and money. The only thing you wouldnt need a license for here in Texas if you bought or are a home builder not sure if that counts as remodeling houses or not....
He probably flips pounds on the lowkey. You can easily make 600 flipping and if you flip like 10 a week, that’s 6grand a week, that over 300k a year, just gotta find a way to clean it and real estate is the way to do it
Each investment made in the cryptocurrency is transferred daily to the escrow account. And if until the end of the initial offer the soft cap will not be assembled, we organize a refund of funds to all investors.
Telegram to Launch Blockchain Platform and Cryptocurrency.
In his Facebook post, Rozenberg leaked what he claims to be the teaser advertorial video for the new platform. Aside from hinting at the upcoming ICO, Rozenberg also mentioned that TON will be able to benefit those who are under oppressive regimes like Iran and Uzbekistan as they would be able to transfer money swiftly and securely through the messaging app.
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The technological part of the future platform does not contain any revelations - instead, the authors intend to use many of the existing developments that are expected to be applied in the near future in projects that are in various stages of readiness.
The basis of the network is the TON Blockchain. This is another version of the most promising to date concept of multidimensional blockchain, consisting of a lot of blockchain - shading, where each validator confirms only transactions related only to this shard. This system supports Turing-complete smart contracts.
Comparison with existing platforms.
The fifth generation. Multi-chain, PoS, smart contracts, BFT shading. TON - 2018.
According to all the same unofficial documents, the closed preselection of the project is already underway and institutional investors who receive tokens at a special fixed price participate in it. Tokens belonging to such investors will not go into circulation in less than a year. The basic ICO is scheduled for March 2018, and it will be conducted in accordance with the recommendations of the SEC, only among accredited investors and in accordance with the SAFT agreement. This scheme has already been applied in the conduct of the regulated ICO Filecoin, and its organizers have been severely criticized by the community.