I Want To Flip Houses To Make Extra Money

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8 COMMENTS

  1. I'd love to know why Dave says it's OK to buy your primary home with 10-20% down, but only tells people to pay all cash for investment properties. Usually, a savvy investor gets a much better deal on an investment property as it is a business and not an emotional purchase like a primary residence. Therefore, it's more likely to make money and have multiple exit strategies. Owning real estate is a great way to build wealth, And Dave has said 70% of his investments are in real estate. As long as you put money down and have a great emergency fund for the investment properties, why should someone need to pay all cash for it? It's the one thing that I've never understood about him.

  2. A friend of mine is trying to get into real estate and flip houses and keeps telling me how easy it is. I'm not a risk taker and this seems more complicated that the way he explains it. No thanks.

  3. I have tried to live by your teaching but I have only been able to purchase 1 house a year to fix, rent or owner finance. I'll never be able to be self employed or replace my income at that rate. SO I got a line of credit on my farm and am in the process of buying 5 cheap properties this year to fix, rent then put on mortgage

  4. Hey Dave. I'm 28 and I know I'm going to become a millionaire sometime in my life from your steps. If you read these comments on your videos I just want to thank you for changing my life. I only have 3 mentors. You, Brain Tracy & Suzy Orman.

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