Comments on: Flip and Grow Rich with Phoenix Real Estate http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/ Real Estate information for Phoenix, Scottsdale, and other nearby Arizona cities Tue, 07 Feb 2012 00:07:39 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Eric Murrietta http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2570 Eric Murrietta Fri, 08 Aug 2008 19:12:09 +0000 http://www.realphoenixliving.com/?p=673#comment-2570 Show me the link and I will be the first to sign up for the free DVD... Show me the link and I will be the first to sign up for the free DVD…

]]> By: John Corey http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2551 John Corey Thu, 07 Aug 2008 19:58:19 +0000 http://www.realphoenixliving.com/?p=673#comment-2551 Like Eric says it is all about the math. Granted most of the numbers will only be reliable after you have committed to the deal. Like any business you take a view and try to adjust along the way. Those who want a guarentee will take a J.O.B. With those who run the business. Different answers for different people. Like Eric says it is all about the math. Granted most of the numbers will only be reliable after you have committed to the deal. Like any business you take a view and try to adjust along the way. Those who want a guarentee will take a J.O.B. With those who run the business. Different answers for different people.

]]> By: Steve Belt http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2535 Steve Belt Wed, 06 Aug 2008 16:16:25 +0000 http://www.realphoenixliving.com/?p=673#comment-2535 @Eric, I thought you had already purchased my free DVD, and were on the program. ;-) @Bob, thank you very much for the kind words. I'd agree that the person getting the richest right now is Mr. M, pedaling a set of 5 DVDs for the bargain basement price of $997. I hope my explanation above doesn't put too large a dent into the success of his program. I know he has a family to feed. @Eric, I thought you had already purchased my free DVD, and were on the program. ;-)

@Bob, thank you very much for the kind words. I’d agree that the person getting the richest right now is Mr. M, pedaling a set of 5 DVDs for the bargain basement price of $997. I hope my explanation above doesn’t put too large a dent into the success of his program. I know he has a family to feed.

]]> By: Steve Belt http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2526 Steve Belt Tue, 05 Aug 2008 20:46:30 +0000 http://www.realphoenixliving.com/?p=673#comment-2526 Artur- Agreed, there are "wholesale" sources to purchase property from, and that's probably how you would buy a home for $145,000 in a neighborhood where homes sell for $200,000. The banks are getting very close (within 5%) of their asking price, for those $180,000 homes. Of course, getting a home for less than $145,000 in that same neighborhood would be better. Many wholesale buyers want at least 30% off, and those deals can be found. Artur-

Agreed, there are “wholesale” sources to purchase property from, and that’s probably how you would buy a home for $145,000 in a neighborhood where homes sell for $200,000. The banks are getting very close (within 5%) of their asking price, for those $180,000 homes. Of course, getting a home for less than $145,000 in that same neighborhood would be better. Many wholesale buyers want at least 30% off, and those deals can be found.

]]> By: Artur | PhoenixMarketTrends http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2521 Artur | PhoenixMarketTrends Tue, 05 Aug 2008 16:01:57 +0000 http://www.realphoenixliving.com/?p=673#comment-2521 It all depends on where you buy the property. What I mean by where is there are sources to purchase properties for very little money, making fixing and fliping feasible even in this market, even with the added risk. There are active fix flip guys out there now doing it and making it work. In every market there are people making and losing money. It all depends on where you buy the property. What I mean by where is there are sources to purchase properties for very little money, making fixing and fliping feasible even in this market, even with the added risk. There are active fix flip guys out there now doing it and making it work. In every market there are people making and losing money.

]]> By: Bob Pearson http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2509 Bob Pearson Tue, 05 Aug 2008 04:01:54 +0000 http://www.realphoenixliving.com/?p=673#comment-2509 This post should be required reading for every potential "flip it quick and get rich" investor out there. You have done an excellent job of explaining the risk and the reward. Frankly, I don't know if I want to be the investor OR the real estate agent. I think the only one making any money here is the FHA Insurance Company. Come to think of it, that is probably a good place for the donation to go to. Thanks for another excellent post. Oh, I forgot about Mr. M who is, of course, always making money on the poor radio listeners who are only one Lottery Ticket away from being a millionaire. We can't forget to factor in his costs. This post should be required reading for every potential “flip it quick and get rich” investor out there. You have done an excellent job of explaining the risk and the reward. Frankly, I don’t know if I want to be the investor OR the real estate agent. I think the only one making any money here is the FHA Insurance Company. Come to think of it, that is probably a good place for the donation to go to. Thanks for another excellent post.

Oh, I forgot about Mr. M who is, of course, always making money on the poor radio listeners who are only one Lottery Ticket away from being a millionaire. We can’t forget to factor in his costs.

]]> By: Eric Murrietta http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2508 Eric Murrietta Tue, 05 Aug 2008 03:49:09 +0000 http://www.realphoenixliving.com/?p=673#comment-2508 I am in where do I sign up??? I just wish I could do back flips and grow rich, that might be a bit easier than what you laid out. The numbers never lie. I am in where do I sign up??? I just wish I could do back flips and grow rich, that might be a bit easier than what you laid out. The numbers never lie.

]]> By: John Corey http://www.realphoenixliving.com/2008/08/04/flip-and-grow-rich-with-phoenix-real-estate/comment-page-1/#comment-2501 John Corey Mon, 04 Aug 2008 23:08:52 +0000 http://www.realphoenixliving.com/?p=673#comment-2501 There are certainly risks involved when trying to make money refurbishing homes. The business is not new and people have made money. Some of the same people have also lost money as each deal is different. While the risks are there, the business is all about finding the right deal, making the right decisions and being quick to spot when you are going off the rails. If there was no risk there would be no return. Due watch out for the infomercials and other advisers who paint bias story. If you are committed to running a business you can make money rebuilding homes while holding down a full time job. There are certainly risks involved when trying to make money refurbishing homes. The business is not new and people have made money. Some of the same people have also lost money as each deal is different.

While the risks are there, the business is all about finding the right deal, making the right decisions and being quick to spot when you are going off the rails. If there was no risk there would be no return. Due watch out for the infomercials and other advisers who paint bias story. If you are committed to running a business you can make money rebuilding homes while holding down a full time job.

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