Please explain further 👍 when will we be close to the top of that bubble?

We're not on a hyperbubble. We certainly have created a bubble due to biden's inflation but the demand for housing "shortage" and rental property is going to help us get through it fairly smoothly in my opinion. There will be a drop in employment and there will certainly be a minor recession but nothing major especially nothing as bad as 2008.

@@discoveryoutdoorskcfishing236 I agree. It is likely that people with money to buy now but choose to wait will find their money worth less and the cost of the home worth more due to inflation.

Poor guys like this lose their shirt

So he will never go into flipping house. Even with prices right now. He can still make a profit if he does it right.

Sounds like you were doing it wrong. You got to purchase at the price that you need to make your money and if someone won't accept it move on.

@@discoveryoutdoorskcfishing236 Sounds great and all. Problem is every deal is a move on.

@@discoveryoutdoorskcfishing236 ​ You're so right, we hadn't been doing it right for decades and hundreds of properties later... Wish I would have thought of it... It's not like anything has changed, everything's fine. There aren't global shortages or production delays, pricing of lumber, copper, plumbing, drywall prices haven't increased up to 400%, housing prices and foreclosures aren't up 30% or scarce... everything's just fine and just the same, profits are perfect! So you get right to flipping, let me know how it turns out for you. lol

Yes, for flipping, rate doesn’t matter nearly as much as cost.

😂😂 if that ain’t the truth!

Someone once said I know a lot of guys making a lot of money teaching other people how to do it this is a great example of one of those things

Lol right, my mom is trying to get into it because my community college drop out brothers have been pressuring her to do it. She knows NOTHING about it. She just wants to throw her ,only away and just expects a return, like that’s not how it works lol. She’s also been falling for the NFT scams bs. I’ve tried my best to ATLEAST give her some type of info on it.

Doordash in a nutshell

😂

U think ?

💯

I think there are a lot of people who jump into this business because they think it looks easy on tv. It looks incredibly difficult and risky during the best of times but add in shortages, labor, and inflation and I don't see how the numbers add up.

Both are important.

Is it still a good time to flip?

Unless you weren’t paying attention. It’s CASH buys, CASH renovations, and financing his own way. That’s what was instructed here. Finance games with a lender are not on the table.

@@derrickhyman872 the guy said he had $100K to work with…..he’s definitely leveraging that because he has to. You ain’t buying and flipping a house for $100K…

@@will9134 You can in KY prices are high but there's still deals

@@JuancoPRoFlow Detroit

As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.

How can one find a competent and verifiable financial Planner? I buy the idea of employing the services of a Financial..Advisor because finding that balance between saving and living requires counsel.

@@codeblue11 After my divorce, I needed a good boost to help my business stay afloat. With the help of a Diana Claire Lougen i grew my reserve x3 '(€650k}' of what it used to be in a short-time.

It’s bad here in Canada. Vancouver and Toronto especially. people buying 100year old houses for $900k-1.1mil. boggles my mind. Due to desperation, some are waiving the inspection contingency.

Go all cash until the next recession, then invest.

Well he’s in the wrong industry then

He should get an accounting degree

@@lancastro2268 I've heard there are accounting gigs with a lot of interaction. I only deal with the people in my department.

@@adoe2305 Or remote IT

@@adamseidel9780 another good option. I couldn't do IT. I have brain for numbers not coding but that's just me.

@@saulgoodman2018 Depends on the house some you find issues and it turns into holding house much longer than a few months. I don't think prices will go down but they likely slow down. Plus construction cost are way up. Just seems like. A very stupid time to flip homes unless you are getting an amazing deal which isnt likely. I'd pass now. Maybe in a few years it makes sense.

When interest rates go up housing goes down so it's not going to affect him.

I think he's greatly exaggerating. Do you realize how much time and money is involved in inspecting houses? It's not possible unless he was just looking at houses online instead of viewing them in person.

@@saulgoodman2018 NO. They don't. And they didn't (unless it was to say that it was done too well?). Gotta be some other factor. I mean, if it's done precisely as ordered, what possibly can be complained about?

@@siegfriedbraun5447 huh... so when the plumber comes in to do their trim out and their wrench slips and puts a tiny ding in your perfect cabinet... that client could never have something to complain about? If you've never had a client complain about your work.. I'd say, you werent/arnt doing enough work. I'm also a contractor with great reviews on all social media and web pages. The reason for that is not because people never complain about the work.. its because we make sure their complaints are fully cared for and corrected. There are certainly clients that will complain, if not about quality, then about the time line or the new bathfan being to noisy, etc..

@@emtb5094 Brother, you JUST articulated an actual reason for a complaint! If the plumber is so careless, as to not protect against such an event, he not only deserves a resounding gripe, he needs to arrange to repair the thing ASAP!! What fool WOULDN'T complain about this silly *actual* mistake?

@@siegfriedbraun5447 totally agree. So, your statement above,"what could there possibly be to complain about" is just not reasonable. If you are doing any real quantity of projects. Complaints are part of the business, as things/mistakes happen. Even if not by your own self.

@@emtb5094 I guess he found his unreasonable nit picker in you. It is possible to do such a great job that even a nit picker cannot complain. I'm a nit picker and I always say that I have magnifying glasses on my eyes. I will see that one pixel dot from six feet away when no one else in the world does. Since I'm like that, everything I do is done perfectly and no one complains about that.

You must be living in Anytown, USA : )

It's all good in Terre 'Hood

flipping houses is just a job.

Paying with cash baby

GC? General Contracting?

Heh, we’ve been offering around 15k or more over asking, for the past year we’ve been looking for a home. Lost every single bid.

Paid 30 over 😞

@@rdbeaz I am honestly asking and not trying to insult, but why in the world would you pay 30 grand more than what something is worth? Do you have more money than you want? Why not rent for a while with your fingers crossed? The gamble may be worth quite a large chunk of change.

House flippers don't work with realtors for the most part because they are useless.

@@rdbeaz I know it may seem like you paid an extra 30k but if you paid what it took to get the property, you paid what it was worth and will get back every penny when you sell one day. You paid the going rate and no longer have to worry about finding a place to live. Turn that frown upside down : )

My guess is he wears gloves to water ski.

Fire counselor? He will faciliate peacefull coexistance of people and burning house

Just be a mostly peaceful protester, its basically the same thing.

This was popular in the 30s-40s Germany. Didn’t pan out well.

Upvote

👍

Proof?

No he's a general contractor

Ryan Pineda enters the multi million dollar profit chat

Wrong. I'm a contractor and I love it.

@@AK-47ISTHEWAY until you don’t

Nice

Here's your reward 🏆

Yes, that's why he is so wealthy.

​@Jim Rr Dave built most of his wealth by selling books and classes. When he first got involved in real estate he went bankrupt because he did not know what he was doing and he still doesn't know what he's doing when it comes to investing. He's a salesman that's it.