Catch 22: (Flipping Houses...is a long story...(that I will tell - TopicsExpress

Catch 22: (Flipping Houses...is a long story...(that I will tell in one minute ) (My 2 cents worth) ...... 1. You need to ...control the first piece of Real Estate. .. (LIVE in your own house) before you Can get Money for the 2nd one. 2. You make the moves to buy the property...you get it... You use $10,000 Cash. You fix it up...you pay $5,000. ...Cash. (That is $15,000 going out of your Bank Account ) 3. *You make the moves to sell it...in 60 days after ownership! If you dont own the property for 18 months... Your Real Estate agent wants 5% off the top. Your State wants 20% of your profit (Capital Gains Tax) Your Federal Government. ..wants 20%. ...... *Half of the. ..MONEY...is eaten up in TAXES! ....... You need a Team....to fight this Battle... You need a REAL ESTATE AGENT YOU NEED A TAX MAN. YOU NEED A BANKER YOU NEED some Free CASH ...... LOOK...BEFORE YOU LEAP! ...... Uncle K.

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