Quote:
Originally Posted by kane
I saw an episode of that where a couple bought a decent house and put a pretty decent chunk of change into it. The two things they didn't do were to add central AC ( it was in southern California) and then when they were done and got the new appraisal they got greedy and tried to sell it without a realtor. After 9 months of paying 1500 a month they paid 15K to list the house with a bunch of Realtors and sold it, but they ended up losing more than half their profit. If they had put in AC and used a realtor it would have sold fast and they could have made a really nice profit. greed sometimes kills
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Haha,
Greedy FUCKHEADS never ever succeed in real of an estate
If you're a serious about turning property you list it 10% under FMV or you use a realtor ... a real property turner wants to be in and the fuck out BLAM
He knwos tying up capital just costs him any way so maybe he loses a few percent selling quick but BLAM he is able to do more deals and that loss is made up 100 times - it don't matter if he's working on cash OR CREDIT that applies.