Flipping Real Estate

Flipping Real Estate can sometimes get a little tricky when you’re dealing with the unknown.

And when I say get a little tricky – I’m referring to flipping houses via fix and flip type deal.  There’s easier methods for investing in real estate especially if you’re a beginning investor.

So – if you’re a beginner just getting started investing – then don’t try this at home!

Seriously – what I’m about to show you is a real world deal from my own real estate investment business that took a turn for the worst as soon as I bought it.

Here’s what happened…

I bought this house from an elderly lady whose husband had passed and he’d managed their old house as a rental for years.  Now, that he’d passed, she’d become a motivated seller.  So.. she gives yours truly a call and I’m thinking I’m getting a killer deal at less than 50% of the fair market value.

But,that was before all hell broke loose!

After I’d purchased the house- a tree fell on the roof, a contractor almost lost his fingers from a saw cut, a dump truck was stuck in the back yard, and not to mention the raccoon that snuck into the attic to die.  So, I filmed a case study video for you.  Maybe you’ll find this beneficial and a little entertaining at the same time.

Here’s part 2 of this Real Estate Flip-

Again, you don’t have to do deals like this in order to make money investing in real estate – I show you how to do without credit checks, without banks, and with no risk with my Real Estate Investing course.  You can check it out by clicking here

Obama Bans Creative Real Estate Investing

This was an April Fools Joke.obamasignsbillheader3Did you hear about the new real estate ban signed by President Obama earlier today?

In a bizarre, shocking and unexpected move today, President Obama signed a bill today outlawing ALL Creative Real Estate techniques.

The ban will take effect beginning in September 1, 2010.

He followed by saying, “These investors must be dealt with.  And no longer will we tolerate American homeowners being a target of blood hungry real estate investors.”

Obama was hit with some harsh criticisms from the right, leaving real estate investors in complete disbelief.

As far as I can tell- it looks like all wholesaling activities, lease options, and buying homes from homeowners facing foreclosure is a thing of the past beginning Septemeber 1, 2010.

Plus, there will be no more short sales to investors – all short sales must be sold to the person occuping the home.  And to make matters worse – all foreclosure properties can now only be purchased from homeowners planning to live in the home as a personal residence.

Seriously I wished Obama would worry more about the country’s trillion dollar debt, and the war  instead of screwing around with honest real estate investors.

This really gets my blood boiling – I’d love to hear what you think-

But more importantly – what can we do?  I feel we need to band together to fight this new bill.

Let me know what you think – comments are open below-

APRIL FOOLS