yustr

Like all such schemes, all is fine and good until the property you want to flip doesn't sell for some reason. Maybe the siding needs replacement or you discover that the heater doesn't work. Or the market just goes soft. So now instead of getting your money back and pocketing $15K you're out even more $ to make the place saleable which also ties up your cash.

Then these programs typically encourage you to use the "value" in one property to buy another. No problem, you'll have your investment back in 2 weeks and the extra $15K too. So when these other properties need an infusion of cash, the well is dry.

Believe me, the only one assured of making any money is the guy doing the seminars - he gets his up front.

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I didn't mean to say it. But I meant what I said. J. McMurtry

In Vino Veritas