Fliping Buying Selling and wannabe's

Fliping Buying Selling and wannabe's

Brooklyn, NY · Member since 2014 · 1 post · 1 vote

Today's market in New York attracts so many wannabe's investors and property scouts that don't really knows what they are doing , approaching homeowners of crappy houses promising them bag full of cash (way above market value) and trying to market the property to new investors that going to loose their pants in the nearly future, NO ONE can convince me that a crappy two family frame house in bushwick NY worth 800k it is just De-Javier of 2007 right before the big crisis. back then i saw some smart *** investors buying houses just like today with their 401k and hard money loans and lost everything in few month. Homeowners taking advantage of this crazy chaos and become more and more greedy. the market now start showing some signs that made experianced investors laughing their *** out seeing some new investors starting to sweat......big big LOL...$5 seminars are great way to loose money and will get these guys to nowhere. opm (other people money) is a great way to secure financial future if you know what you are doing but spending that like its monopoly money thats a big NO NO last but not list ...saw a deal today two young "Investors" bought 2 family in east new york for 400k......LMAO

We still buying houses, land and Buildings all cash in NORMAL prices.

Good Luck you all

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  • House Flipper · East Stroudsburg, PA · Member since 2013 · 1k+ posts · 205 votes
    12y

    Welcome to the BP family. That is the very reason individuals joined this forumn, to avoid such mistakes. The podcasts are free and can save individuals lots of money if they care to learn. The learn section also includes some excellent information to assist in avoiding the pitfalls. Again, welcome aboard.

  • Contractor · Signal Hill, CA · Member since 2013 · 69 posts · 11 votes
    12y

    There has been a huge turnaround in market for so cal. I know a few people who put their houses up for sale these last few months only to get low inquiry and offers 10%-20% less than neighbors were getting just a few months before.

    Yeah, there is definitely a feeling of people looking at their house as a get rich quick scheme again...but easy come easy go

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