HookersandIceCream
#TeamOrange
GoPro is going public and their IPO is $24 
Never invested but I know for sure I'm gonna sink some money into it.
Never invested but I know for sure I'm gonna sink some money into it.
How would you flip $10K-$15K?
- Thread starter WheresWallace
- Start date
WheresWallace
Superstar
Find a cheap foreclosed condo in your area for 30-45k put down 20% to avoid pip...Rent it out and
Tell me more...What if a niigga got stereotypical credit? Can a guy like that still get a loan? Any experience in this?
GoPro is going public and their IPO is $24
Never invested but I know for sure I'm gonna sink some money into it.
link? jw.
Yeah all these companies are private, so they rarely look at credit just future equity in the house. I do have some experience with ghetto shotgun houses. I'm about to do one condo. Plenty of companies that give these loans out
WheresWallace
Superstar
Come on breh...hoe many people do you know that actually PAY for porn...there are too many free websites. I wouldn't even start a free website because it would be too hard to get traffic unless it was niche...borderline "deep web" themed porn.
GoPro is going public and their IPO is $24
Never invested but I know for sure I'm gonna sink some money into it.
Im tempted but like I said...I don't know anything about stocks so it wouldn't be too smart to invest money I can't afford to loose. The only thing I know about stocks is that you have to pay a fee to buy and to sell your stocks.
WheresWallace
Superstar
Breh, any resources you can share with us...for people who want to get started?Also, what does a typical investment look like (all costs included)?
Can 10-15K really cover the entire investment?
Larry Lobster
/-_-\
The tranny market is growing brehCome on breh...hoe many people do you know that actually PAY for porn...there are too many free websites. I wouldn't even start a free website because it would be too hard to get traffic unless it was niche...borderline "deep web" themed porn.
mcdivit85
Superstar
I was thinking about that a lot lately. The problem is that the internet threw salt in that game because now wholesalers can go straight to ebay or whatever and reach the customers direct and cut out the middle man and vice versa. I was looking at all kinds of shiit from electronics to accessories that I can buy cheap and flip but when you look for a place to sell it at, people are selling them for damn near the wholesale price...almost no margins.
Unless you got the plug to some super low prices?
Truthfully, I may need to do bend the rules a little and do something slightly, a little bit, almost, illegal...no drugs or nothing because that game is designed for you to loose.
Well, competition is the game breh. You either have to find a niche product that people will pay for or join the crowd and cut into your margins.
If you're concerned about market saturation, then have you considered retailing name brands online? Personally, I retail non-name brand stuff online as a passive income thing, but the money doesn't move fast enough. So, I'm contemplating a move to sell higher end brands. For example, Ray-ban sunglasses as opposed to non-name brand sunglasses. Obviously, this means more money upfront to buy the product since they're household names. And with name brands, you most likely have to deal with the manufacturers directly since these brands aren't going to be wholesaled at your local garment district.
But the good thing is that the margin is higher on name brands and you can sell them at a lower price than in retail stores yet still make a nice flip on each product.
Just a thought. Also, you may want to find some wholesale spots in your city that you can actually walk into and buy stuff. I've found a few in my city that I frequent when I need to buy more product.
Peace
The buying a house and renting it out is a good idea.
The problem is that you're probably gonna blow through the entire $15,000.
Even if you found a place where you could put a down payment of like 5k, there will still be renovations that need to be done.
Hidden costs ALWAYS show up.
Plus you'll have to deal with the costs/stresses/uncertainties of having tenants.
It's not a bad idea, just know that it's not as simple as buying a house, putting out a craigslist ad, and cashing checks.
And if you're okay with having all your money tied up in the investment (personally, not a good idea), then give it a shot.
The problem is that you're probably gonna blow through the entire $15,000.
Even if you found a place where you could put a down payment of like 5k, there will still be renovations that need to be done.
Hidden costs ALWAYS show up.
Plus you'll have to deal with the costs/stresses/uncertainties of having tenants.
It's not a bad idea, just know that it's not as simple as buying a house, putting out a craigslist ad, and cashing checks.
And if you're okay with having all your money tied up in the investment (personally, not a good idea), then give it a shot.
chosenaledge13
Superstar
Flip cars like ive been doing, just buy and sell more from auctions, make triple back usually. Can turn that into 30k-40k pretty quick. Reinvest that into my production company, with some equipment. Make my money back within a month from shoots and renting out. Keep stackin from there...
Also, what does a typical investment look like (all costs included)?
Can 10-15K really cover the entire investment?
http://www.biggerpockets.com/hardmoneylenders Heres a directory of lenders. After doing research I would find some better ones in your area. Say you got a house for 50k worth 80. You put down 10-20%. They'll loan you money based of that 80k but only for like 70% so 56-57k. You take that extra 15k do improvements, flip for 80. After interest, title etc you come out with about 20k. of course with more money you get better houses and more profit. How you think all these flipper tv show people are eating.
Find a cheap foreclosed condo in your area for 30-45k put down 20% to avoid pip...Rent it out and
This is the best idea...or find a duplex.
I dont think you can get a duplex for the low these days breh
