Real Estate Investing: How To Fix and Flip Houses, 2 of 5

In this video flipping homes expert Steve Cook continues walking through one of his latest "full cosmetic rehab" projects, including the back porch, foundation, kitchen, etc...

Category:

News & Politics

Tags:

• flippinghouses
• realestateinvesting
• flippinghomes
• realestateinvestingtips
• flipthishouse
• flipthathouse
• flipping
• houses
• real
• estate
• investing
• steve
• cook

[myndenway]

Check out the Big Flip on HGTV. Two professional renovators renovated 4 houses and made not a red cent over one year. Flipping houses these days is not possible in most markets as the cost of the renovation is equal to the value added to the property. It's a wash. Minus real estate fees and carrying costs. It's a sucker's game today.

[FlippingHomes]

1st, just because the 2 guys you're talking about didn't make money at it doesn't mean no one else does.

2nd, your assumption that flipping can't work in most markets due to cost/value ratios is faulty logic as well.

Savvy investors only "buy right", from truly motivated sellers at killer deals with wide margins far exceeding repairs and other costs.

Your blanket statement is based in ignorance, my friend. But it's easy to type any old think in You Tube comments, isn't it?

...jp

[myndenway]

Sorry, but the reality is that flipping homes today is very difficult. Your angry response to my comment shows how sensitive you are to this point being brought up. The reality is that the value added to the property is, at best, equal to the cost of the renovation, carrying costs, and real estate fees. Newbies need to understand that the '80s are over. But those same type of real estate infomercial shysters are still with us.

[FlippingHomes]

Angry response? I was actually smiling when I typed it...because you amused me.

So...what makes you an expert on "the reality of flipping homes today" as you put it? Are you out there doing it? Attempting it even?

You're making blanket statements that can only be realistically determined deal by deal.

You honestly sound like an armchair real estate consultant. That's why your comments amuse me I guess. (Still smiling :)

...jp

[jizzking]

these guys seem so unprofessional, the contractor looks like he's so nervous and is saying memorized lines, thats why he pauses after every three words..lol

[FlippingHomes]

That's because they're professional REAL ESTATE PEOPLE, not professional actors.

Being smooth in front of a camera isn't a requirement to be a solid, well respected, profitable investor.

But thanks for the comment.

[Michshnly]

I'm an investor. And in Phoenix, AZ it is suicide. maybe not where you are located. there are properties here selling for $15K-$40K.  Whatever you renovate you get back the same.

[CentralChurchWorship]

@Michshnly Totally not true. I and dozens of my friends still do quite well at it. You just gotta understand the new market isn't the same as the old market...but there's still a lot of folks buying houses... And HUD just opened the floodgates... Seriously, the time's never been better. Just saying.

[Michshnly]

This video was made 2007...In 2011 flipping is suicide..

[leafyutube]

Finally, some videos where I actually learned something.

[moctezuma112]

Great video... i learned alot. just give the contractor two red bulls before the shoot. he talks like he has no soul XD

[TheREIMaverick]

Hey, I just wanted to comment on your video....I really like it and I have shared it with some of my firends on some of my social networking sites! NICE!!!!

[the1andonlytravis]

I love the video!!! you did well.

I have a few homes I need to get rid of for ASAP for only 20k they are already rented out for 500 a month. Add me on facebook and send me a message Travis Garlick

[RLJ93727]

Excellent real estate video

[krusier11]

Hey jp thanks for these videos. I know this vid is relatively old, but this is my first time through. Please keep them up if you can. Oh and that guy below...guess you have to just ignore them. When you asked him if hes done any real estate, he didnt respond to that question. Keep up the good work!