The First Flip Ep. 8

John and Greg take a gamble on their eighth flip by purchasing a house with one very big eyesore. To see if the gamble paid off and to check out other project updates, visit http://www.thefirstflip.com.

Category:

Education

Tags:

• first flip
• house flipping
• real estate
• ridgeview

[nadayang753]

Thank guys for the advice. I will give that a try and see a can get deals. how do you find out about any of the RE meetings? News paper? well anyways keep up the good work and thanks again for the information. about the realtor agent, is it better to get an agent that only deals with forclosure or just a realestate agent.?

[TheFirstFlip]

@nadayang753 You should be able to find out about local RE clubs via Google, or asking a local real estate agent. Many agents are also part-time investors and should know about local organizations. Regarding working with an agent--I personally don't think it matters if they "specialize" in foreclosures. That may help, but you want to find someone you like, who has several years of experience, and who won't hold out the best deals for themselves or another client.

[nadayang753]

hey greg and john, just wanted to say you guys are doing a gret job. this was my first time seeing your video and loved it. me and my wife is on a verge of trying flip houses but kind of short on cash. Is there anyway you two can teach or sow us how to grab some fundngs? we live in wisonsin. Market here are like a U markets. what kind of paper work do we need to file when putting offers on properties and closing a deal. thank you and keep up the good work.

[TheFirstFlip]

@nadayang753 In short, I'd suggest you try a few things: (1) Pick a real estate agent to try and find you some potential deals. The agent handles the paperwork and costs you nothing. (2) Attend local RE club meetings to meet wholesalers and other flippers. (3) Ask these local investors where they're going for hard money and private investors to get cash. The best thing you can do to get started is network with local people in the business!

[FlipOrNot]

Great job guys, I'm just getting started in florida. New York is birth state.. Keep up the good work!

[TheFirstFlip]

@FlipOrNot Florida sounds like a tough market right now...keep us posted on your progress. I'd love to see some videos of your first projects. Merry Christmas!

[FlipOrNot]

You are absolute right about florida market it is a tough market..

I have one house under contract there but we will see how that will go.

This house sold for $160,000 in 2006 but the market around where I am for this house is somewhere in the ball park of $68,000 to 72,000.

Also I notice short sale is very big in florida, only if you know what the investor knows in Tampa and all parts of central Florida.

[TheFirstFlip]

@RichJinPA Thanks! Yes, we're in Chester County PA. Sometimes we wander down into Delaware County, but we haven't purchased anything there. Where are you in PA? I sent you a private message via YouTube last Sept. about working with private money, and I'll re-send it now. Let me know if somehow you don't receive it. Stay in touch!

[RichJinPA]

Wow! Greg & John great job! You guys are in Pennsylvania, correct? I'm from PA too. My wife & I wrote to you awhile back and explained how we wanted to get into flipping homes too. You mentioned you email me how you go about finding Private Lenders. I haven't received that and was wondering if you would be kind enough to email how to do that. You're videos are a great inspiration.