Sep 21, 2020
Can flipping properties provide good returns?
Is being a motivated buyer and buying more than 8 properties at once a good idea?
Is flipping properties as easy as some TV shows will make it seem?
You may have heard the name, Casey Constantine. Some of you who have been around in real estate for a while may have known him as Casey Konstantin Serin, the would-be real estate mogul dubbed “Worlds Most Hated Blogger.”
Casey bought his first home at age 19, with a zero-down FHA loan back in 2002. The next year he sold it making a 35k profit. Needless to say, he was elated at the large return. Shortly after that sale, he began taking seminars learning everything he could about real estate investing. Getting financing for real estate was extremely easy in those days and he had great credit. In just 8 short months, he had purchased 8 homes in several different states, no money down! Things were going smoothly. He had already flipped 2 of the 8 homes and money was rolling in. Then, the market began to crash in late 2006. The nightmare had begun. He was over-leveraged with 2 million dollars in debt and no money to pay his bills.
In this episode of The Sub2Deals Show podcast, listen as I talk with Casey about his life since the market crash in 2008, what he is doing today, why he has never lost his love for real estate, and the lessons he learned from doing almost everything he could do wrong buying houses.
What you will learn
- How buying properties with no equity at the highest part of the cycle led to Casey's ultimate downfall.
- Why you MUST buy low when your plan is to flip a property.
- How to sell properties through seller financing.
- Casey’s advice for new investors who are just getting started in real estate.
Mentioned in this episode
- You can get in touch with William at william@sub2deals.com.
- Interested in learning how to invest in real estate the right way? Join us in the Sub2Deals Coaching Group with William! Get more details here.
- Get the book that got many of us on the road to success with real estate. Robert Kiyosaki's book - "Rich Dad - Poor Dad"
- Join Us in the BEST Subject To Facebook Group - The Sub2 Forum - www.Sub2Forum.com
- Get in touch with Casey: www.CaseyConstantine.com
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