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Housing market is slowing down and here is a break down on my first loss flipping houses in the Arizona market!
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25 thoughts on “housing crash selling for a loss…”
  1. Avataaar/Circle Created with python_avatars Athena says:

    So glad I rent in a High-Rise, now; did the house thing in 2006 and OMG, what a money pit.

  2. Avataaar/Circle Created with python_avatars nick calla says:

    You own any homes in AZ gunna take a 20-50% cut..most overvalued market in US

  3. Avataaar/Circle Created with python_avatars Amir Kadir says:

    Sorry the deal didn't work out, but thank you so much for sharing this. I really like the spreadsheet.

  4. Avataaar/Circle Created with python_avatars brainwashing detergent says:

    Why do you have washers and dryers in flip houses? If its not built in dont have it in the home. Stove dishwasher and microwaves are sometimes built in so you should have them and maybe if you replace them install the new units only after closing to avoid the thieves. Maybe just have a leaflet laying around where the unit goes to show the buyers what will be there. If they want to rob you again it'll have to be for a toilet or door ๐Ÿ˜‚ for real dont have no shower curtain window curtains or anything if it isn't bolted nailed or glued down dont sell it with the home.

  5. Avataaar/Circle Created with python_avatars Geme Channel says:

    4k loss is a sort of breaking even when you think that he did well in his 39 other deals!

  6. Avataaar/Circle Created with python_avatars john Dobow says:

    The loss he took daily with time is what he's not putting into account. If I was on a job for 3 months and lost 40 bucks a day I would be like way over 60k down if not way more. Time is worth way more than money and to waste 3 months and no make a dime is a huge loss. HUGE. All the time business wise they should of made 60 or 80k in that time span,

  7. Avataaar/Circle Created with python_avatars King Bags says:

    39/40 โ€œI welcome failure.โ€ -Ricky ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ lmao

  8. Avataaar/Circle Created with python_avatars King Bags says:

    Bro back the camera up ๐Ÿ‘€๐Ÿ‘ƒ๐Ÿป ๐Ÿ‘„

  9. Avataaar/Circle Created with python_avatars Ray Vannostrand says:

    No 1 is buying houses atm ricky…stop buying its gonna crash hard 100%

  10. Avataaar/Circle Created with python_avatars Chester Cheeto says:

    Why do all the YouTube investing people have the most hittable faces

  11. Avataaar/Circle Created with python_avatars Acre S. says:

    -4K loss basically its just the time and effort that was loss.

  12. Avataaar/Circle Created with python_avatars trey A says:

    Glad to see you guys making it out only losing that with it being more than an 85% deal when you picked it up

  13. Avataaar/Circle Created with python_avatars TheOnlyMillz says:

    What about the int capitalized over the term of the loan

  14. Avataaar/Circle Created with python_avatars Jeff Ortiz says:

    its ok. you made it back in stocks.

  15. Avataaar/Circle Created with python_avatars brian busch says:

    Get down to Florida,
    Pick up some distressed
    Property, motivated sellers.

  16. Avataaar/Circle Created with python_avatars Greg B says:

    So youโ€™re one of the reasons for the insanely escalating and unaffordable home prices in AZ. Speculating the stocks is fine. But speculating with peoples basic needs like housing. I think that takes an especially greedy and shortsighted person. Unsub.

  17. Avataaar/Circle Created with python_avatars Joe Dudley says:

    Maybe you should have kept it and made it into an Airbnb

  18. Avataaar/Circle Created with python_avatars Valenox says:

    Not the market to be flipping houses at least not in there next 12-18 months

  19. Avataaar/Circle Created with python_avatars Hana Bunny says:

    Good decision to sell based on the current circumstances.

  20. Avataaar/Circle Created with python_avatars Kingenskung says:

    Sold my first property Flip in marbella spain this july made 20% roi but the market there is diffrent its More a rich people market

  21. Avataaar/Circle Created with python_avatars Mr. Financial says:

    This is the real risk of flipping homes. It can be very profitable in a fast and rising market. And it can be a time and money loser when the market is falling. It is about risk/reward management. You have done really well Ricky. Keep it up bro!

  22. Avataaar/Circle Created with python_avatars Ryan N says:

    At least you are not getting caught like a lot of people did back in 2008.

  23. Avataaar/Circle Created with python_avatars Stickman says:

    Subscribe

  24. Avataaar/Circle Created with python_avatars Louisa C says:

    Ricky — I live in a city where you can't buy a house for less than $1M – $1.5M. The fact that you are buying property for $300k is like a joke. I'm sure your insurance covered the cost of your Break and Enter. Rent the place out, and recoup your costs.

  25. Avataaar/Circle Created with python_avatars Sean Evans says:

    Makes video about first real estate loss… makes it back x4 the following monday with SQQQ. lol in all seriousness this is great transparency

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