I STOPPED FLIPPING HOUSES

Man look at all the victims in the comments section

house flippers are so fucking jewish

Unless you're renting it out all those years, you're losing money not making any

**THE REAL KEY TO WEALTH IS HAPPINESS** How to be happy? Chose a career that's rewarding where you actually help others and have only 1 house. That way you feel good about what you do for work and people won't secretly behind your back think that you're a greedy A.H. whose not smart enough to do a real job. If greedy A.H.'s like you didn't exist, maybe there would be enough houses for everyone to own 1 instead of investors holding multiple properties long term charging unjustified inflated rents. Why would you even put your face on the internet?

This is the reason why no one can afford a Home anymore, Home is a place where people live! It’s a necessity not something you keep empty and sell later for profit like stock, these real estate investors are crooked messed up people.

Sir ,You and people like you ; are the problem around the world

People like you are why we can't have nice things. A pox upon your house!

People do NOT listen to this man in this YT short. He will make you go bankrupt. Flipping homes is extremely risky. It's all speculation. Please buy low, fix her up, and rent for cash flow. Only sell if necessary not for speculation.

my street, nothing less than a million… CAD

So, if you had the property for $59,900, then sold for 145,000 (in one year), you'd earn $85,100.
Whereas, if you held and sold for 268,000, you'd be earning 41,000/yr…plus you'd be paying property taxes/heating bill/other expenses. I'd rather earn cash quick! No strings.

I buy and hold min. two years so far is working for a beginner of 5 years

That’s the real key to pricing people out of an area and to the affordability crisis

This is the power of a slum lord

I wouldn't do that now !

Yeah but he doesn’t say he spent another 50k to restore it

I'm not a socialist, but to see people hoarding homes and letting them sit while others are paying their entire wages to rent should be a crime. Again I'm not saying people can't make a profit but no home should be sitting unoccupied. Something needs to change. Imagine hoarding toilet paper and charging $10 a roll when stores are out of it. That's what you're doing.

Yea, ok. So, a house in my neighborhood was sold "as is". The flip-floppers came in and did their thing. One of the mods was opening the dining room window to add a patio door to a new deck. I could see the progress of the deck build from my own deck. Right off the bat I noticed the lack of proper 3' deep footings. How these flip-floppers get away without inspections is beyond me. Everytime we fart in this neighborhood we need a permit.

Greed at its fibest!

Until that bubble pops

I despise people like you. You and everyone who does this have destroyed the housing market.

My Client did this 300% rate

So land speculation? Bro was taught all the wrong lessons, parasitic behavior

You can flip too. Just depends on your strategy. But buying and holding is great.

That's why these properties sit abandoned! Because the real estate agents are trying to put their fists write up your ass crack! You probably could have purchased this house for $20,000 cash down outright! All that extra is for the real estate agent and the bank! Don't buy a house in Canada you pay a million dollars for a rundown Shack with no roof on it. It's a total burn job!! The real estate business is run by gypsies!

I would think home prices have peaked by now. $3,500 – $4,000 mortgage isn't sustainable by the middle class.

I think maybe the 2% mortgages might have had something to do with all that.. and those are gone.

Where is this house located? What town? What state?

Where is this house located? What town? What state?

Where is the right area to buy these houses for that price?

Most flippers are slum lords who got into flipping houses doing substandard work. NEVER BUY A FLIP!

The real key to WEALTH…. Is worsening the housing crisis! 🎉

Help us with a video on how to the environment

Past results are not indicative of future performance

🎉🎉🎉

we aint buying your stuppid course

It doesn’t sound like the original deal would’ve worked to begin with, 50k purchase price + (approximately) 50k rehab = 100k right there and that’s not even including purchase quiet costs,closing costs, property taxes and any other misc fees and that’s assuming you don’t owe any interest on the money your using for the flip.

It’s because of inflation not because of the area.

So you buy houses that could have become the homes of people who really need them, to hold on to them to become rich. Why do you think that's ok? You're part of the problem with home prices that have grown insane.

And three years, he would’ve made a lot more money than that flipping other properties that doesn’t even make any sense to do. If you got that kind of money, there’s way better ways to make even more money and you don’t know what’s gonna happen in three years so like most of your videos you’re wrong

Who's paying $268k for that?

To me that just sounds greedy profit is profit the only thing you should regret is when you loose money so why regret when you make it?

This is real cause of inflation.

Do you could of hold that and make 268,000$ is what you’re saying

House flippers are assholes.

That only works if you have a ton of money to pay the mortgage and property taxes. So over three years how much did you pay in mortgage payments, insurance and property taxes? Did you really make a profit? I doubt it.

Scum

Overpriced matchbox 😮