House flipping

[Terrell Kennedy]

Hi my name is Terrell Kennedy and I'm from north Philadelphia and I'm a nebie to this real estate investing thing and I'm very interested and motivated to learn and get started Ive been ready books and listening to podcast but still lost on what's the first thing to do to get out there and get started. Does anyone have any insight in how to get started.

[Michal Bailey]

• Hey you guys. Your next move is to buy a house Terrell! Bought my first property 30 years ago without a penny. I was eighteen years old. I never read a book or went to a seminar,just wanted a house,and had no money.lol. I made an offer through a realtor on a 2 bedroom at 40,000. the offer got accepted and I got approved for a mortgage through a freddie mac. However,I needed around 3k to close in 30 days. tryed several avenues,never gave up and ended up buying a brand new car for no money down and the salesmen cut me a rebate check for 3000.00 . Bam- not a penny of my own,plus a new car! I bought my second house a year or so later and the first property became a rental. four years after purchasing the first house I refinanced it for 102,000 and put 60 k in my pocket. Money from thin air folks. I aint quit since. Love to wheel and deal. My biggest advice is all deals need to work for both partys to be a good deal. Don't try to make a living screwing people over,won't work. Have a ball and get started folks!!!! Use your minds and Live it up.