“The House Flipping Business in NOT for Everyone”
After surviving the real estate mess in 2008, I have decided to get back into the business.
I have spent the past few month's getting my corporations in order and have a great opportunity set up in Providence, Rhode Island to flip lower to middle income houses. As I move forward I will be expanding into CT, MA and Ohio. I am setup to operate in all 50 states.
Gail and I have been flipping houses for more years than I care to admit. I wouldn’t be telling the truth if I said we made money on every home that we flipped, we have had scares. Fortunately we have weathered all the storms and continue doing them on a regular basis.
I have seen so many that have gotten caught up with the romance of what they have seen on TV because it looks pretty easy. I have seen so many that have paid up to $25,000 for courses and more to learn how to make millions in the house flipping business. Most fail and very few ever succeed.
It takes a lot of courage, time and money to take on the type of goals that the gentleman who sent me the email above has. He has a lot more courage than me that is for sure.
I have some very simple rules:
1) The profit is in the buy so that means if you don’t buy it right, you can’t sell it right.
2) We stay within 45 minutes of my office, maybe 1 hour but that is stretching it.
3) If I have to put numbers down on paper, the numbers already don’t work.
4) I know what the property will sell for, if not that means I don’t know the market in that area which means I am out of my element.
Image courtesy of Stuartmiles/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
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