Uh, oh… - Posted by B.L.Renfrow
Posted by B.L.Renfrow on January 30, 2001 at 21:28:43:
Guess the sheriff should be showing up at my door any time now, to haul me in for those illegal flips
Seriously…would you go to your veterinarian for advice on how to repair your car? Didn’t think so. So why go to a RE broker for advice on creative real estate investing? Ninety-nine percent of brokers and agents don’t know the first thing about creative deals. If you want advice about creative investing, come here and ask an investor!
Some of these “small, conservative, boring towns” (like mine) don’t have many investors. That’s fine with me…less competition and I don’t have to work as hard. But a lot of them operate quietly. Ask around…local attorneys and RE agents might be able to name some names for you.
As for expenses on a flip, it all depends on how you set up the deal. Obviously, there are too many possibilities to list them all here, but it’s certainly possible to do a flip with no money out of pocket…at least, not out of YOUR pocket.