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How are you getting money?

Skilled trade?

lawyer?

mechanic?

investor?

and if your making more than 100,000 a year non salary please share how we might go about doing the same?

MONEY thread expose good ways to get it. leeeeaaagal ways im not going back to prison.

I want to fix and flip homes but need to learn to buy right? get deals? the renovations are the fun part.
 
i do skilled trade work on the side
residing a house this weekend
roofing a house the following
make a couple grand in a few days
 
I made just about over 100k as a commodity broker. Our firm went to shit as it is completed its over seas change of hands :(

and I am back in mortgage broker/banker world. I could make 100k. who knows..maybe in 2009 if I am in the same line of work
 
Well.........

if you're not a professional with a masters (i.e. doctor, lawyer) or you don't want to have suckle on the balls of the corporate ladder...

then the best options is some type of high end/high reward sales to build up an investment capital base..... once you have a large enough capital base, making money becomes easy assuming you have a brain and some business sense/knowledge of how investment works, whether it be a business or merely transactional.

there's always money in real estate investment if you really know what you're doing, no matter what the market. just have to know how to analyze risks, the market and have proper reserves.
 
NateNeedsFatToMuscle? said:
I want to fix and flip homes but need to learn to buy right?


oh, no. you don't have to BUY the homes. just flip them.
 
dead_reggin_storage_fashi said:
i am drunk as hell

under R.E.S.P.A flipping a home is illegal.

Real estate settlement procedures act

flippin in itself is not illegal.......no one says you can't buy a property at a cheap price (or as a distressed property that needs to be fixed) and then sell it within a short amount of time. obviously alot of lenders have seasoning issues w/ this, but it's not illegal

it's the stuff associated with it (inflated appraisals, shady title work) that are.
 
dead_reggin_storage_fashi said:
i am drunk as hell

under R.E.S.P.A flipping a home is illegal.

Real estate settlement procedures act

WTF? buying a home under priced fixing/remodeling it creating even more value and selling it for profit is my idea of flipping what is yours?
 
NateNeedsFatToMuscle? said:
WTF? buying a home under priced fixing/remodeling it creating even more value and selling it for profit is my idea of flipping what is yours?


I was just being a smart ass. The def. as stated by (RESPA) flipping isnt what we all think it is. The idea you state is legal.
 
you make money by providing VALUE to someone or something.

me: i manage 100 i.t. folks in 2 continents.

on the side: starting a film/media production company, and a full-on professional national touring band.

the 1st makes me a paycheck. the last 2 are passions, and i don't care about the money.

when u do things u do for passion, not money - a funny thing happens, it becomes easier to make money doing it cuz ur so good at it.
 
Razorguns said:
you make money by providing VALUE to someone or something.

me: i manage 100 i.t. folks in 2 continents.

on the side: starting a film/media production company, and a full-on professional national touring band.

the 1st makes me a paycheck. the last 2 are passions, and i don't care about the money.

when u do things u do for passion, not money - a funny thing happens, it becomes easier to make money doing it cuz ur so good at it.


HOW IS #2 working out for you? where do you see your company and the this idea in the future?
 
dead_reggin_storage_fashi said:
HOW IS #2 working out for you? where do you see your company and the this idea in the future?

learning. lots of learning to do. very interesting to learn a whole new career, industry and the people involved in it. u get a real perspective on things when u start from the bottom again. u feel like u did when u were 20.

r
 
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