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Old 02-24-2011, 05:13 AM   #7
ronicolman
 
Join Date: Feb 2011
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As for the tax consequences, officially I say consult your accountant, off the record, look at around 15% of the profit on the home if you sell it and it was not your primary residence for 2 of the past 5 years.
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Old 02-24-2011, 07:50 AM   #8
ronicolman
 
Join Date: Feb 2011
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your nuts. you probably read some book on the subject. there are soo many yahoos like you trying to buy foreclosures that they actually sell for more than market value more often than not. Especially here in Sandiego.
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Old 03-18-2011, 07:09 AM   #9
thirtynyc
 
Join Date: Mar 2011
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There's no other business that can make you as much money, with as tiny start-up cost, in as short a time, as investing in actual estate. In fact, more millionaires made their fortunes in actual estate than in any other business. & you can do it, . You must cease dreaming & start.
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Old 03-18-2011, 10:38 AM   #10
halstonwind
 
Join Date: Mar 2011
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I would really love to get into it as well... I image you would have to have enough money to buy the house first and then enough money to make repairs. Most of the people on the show either do most of the work themselves or have friends who do labor cheaply.
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Old 04-29-2011, 12:43 PM   #11
james11
 
Join Date: Apr 2011
Location: Brooklyn
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I was having the idea about house flipping.
But i guess now i can clearly define it. .......yeah
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Old 06-30-2011, 01:44 PM   #12
lifeline33
 
Join Date: Jun 2011
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hahah thats a dangerous plan...
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