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Updated over 6 years ago on . Most recent reply

User Stats

24
Posts
9
Votes
Rob Jafek
  • Mesa, AZ
9
Votes |
24
Posts

"He made $400,000 flipping a house"

Rob Jafek
  • Mesa, AZ
Posted

It starts feeling a little heated in the markets when headlines like this show up on the front page of CNN. But when you look at the amount of rehab done, and the risk, the return makes a lot more sense. 

And I particularly like his comments at the end: 

"It's not glamorous and it's real work, dealing with gross properties," said He. "It can have the potential to give you a good return on your money, but it's not as easy as people think."

Check out the article: 

http://money.cnn.com/2018/06/05/real_estate/house-...

Most Popular Reply

User Stats

17
Posts
8
Votes
Lin He
  • Investor
  • Orange County, CA
8
Votes |
17
Posts
Lin He
  • Investor
  • Orange County, CA
Replied

The total equity in the deal is less than $200k, not $1.3 mil. It's a pretty complicated deal with a lot of drama. But it's worth it at the end.

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