Well it is 2 AM on Friday night here making me think it's perfect timing for a "Get Rich in Real Estate" post. With as little as 5,000.00 you can be a part of the newest real estate bubble building right now. https://www.realtyshares.com/
(Full disclosure: I am going to sit this one out as I have done so many times in the past...but I'll be there at the foreclosure sales.)
I saw a house bought for 75,000 by a flipper who put on a nice new front door, painted the cabinets white with new hardware and a new big box store carpet job. My guess is that overall the flipper has 83,000 at most. He put it on the market for 135,000 and he sold it for 130,000. Some of these flippers do pretty darned good but where in the heck are the banks? That house had to be appraised for mortgage reasons. The appraisers know what that house was bought and sold for but once again apparently they ignore the facts, package up a house mortgage to be sold to Fannie or Freddie and the cycle continues.
Not a "how to." Just one cat's story. Take it fwiw.
Why I spent $70,000 to learn REALESTATE! Yak Motley
Published on Dec 23, 2017
I wanted to talk about what I learn by spending $70,000 on my first real estate investment property and why I dove into my first single family deal. You can only read real-estate books so long before you have to make a move! I learn better by doing not reading.