Flipping Houses Tip from Real Estate Investor Terry Kerr

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From http://REItips.com - jp moses interviews local investor Terry Kerr about the business systems he's got in place that helped him do over 40 successful real estate investing transactions last year. Live from Gus' Fried Chicken in Memphis

Channel: People & Blogs
Uploaded: February 3, 2007 at 9:29 pm
Author: FlippingHomes

Length: 0:09:34
Rating: 3.67
Views: 18,857

Tags: flipping houses real estate investing flip this house investment steve cook realestateinvesting flippinghouses "real investing"

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Video Comments:
wheresthebottom (Saturday 1st of November 2008 12:27:45 PM)
This guy is great.
LeftLiberalSoCal (Monday 22nd of September 2008 07:18:04 PM)
Real Estate "investor". Ha! What a joke. These "investors" are complete suckers. Who WASNT a "Real Estate Investor" in 2005? This kind of "business" produces NOTHING.
FlippingHomes (Tuesday 23rd of September 2008 09:13:27 AM)
LeftLiberalSoCal, It's funny you'd say that - I just had lunch with Terry again and he's still doing quite well with the same biz model - actually better than ever. Sure, he's had to make a few tweaks to adjust for a changing market. But he's getting better deals than ever & passing better deals along to his buyers. He's actually doing a lot more volume & making better profits than ever. He did over 80 last year (07) and is looking to do 100-150 this year. Same model, slightly tweaked. :-)
LeftLiberalSoCal (Tuesday 23rd of September 2008 04:55:08 PM)
There is an old saying here in Los Angeles: "image is everything". That is until people see whats behind the image. In other words, people can pretend to be anything they want. Especially at a business lunch. It makes NO SENSE! Banks want 20% - 25% down CASH + perfect credit and you CANNOT BORROW THE 25% anymore (it shows up)! Americans are BROKE beyond belief! They dont have 25% down! Where are the buyers? The prices are STILL FALLING. Now is a good time to jump on the Real Estate bandwagon??
FlippingHomes (Tuesday 23rd of September 2008 06:37:48 PM)
LeftLiberalSoCal, Well you've clearly already made up your mind that this thing doesn't work anymore. I don't see a need to try and convince you otherwise. I can only say that Terry and I are men of integrity, and we're not making stuff up. Have no reason to. But thanks for watching our video anyway, and for taking the time to share your feelings. My best, ...jp
mercuryfunding (Monday 6th of October 2008 10:20:18 PM)
LeftLiberalSoCal, You are a complete idiot, skeptic. I just met Terry at a dinner after a MIG meeting. I am currently buying 5 houses every month doing the same thing. He took the time to explain his program then turned the table and picked my brain. Never to proud to keep learning. Maybe you should go learn and actually find your path before discounting others. Go McCain/Palin!!!
sctullie (Thursday 11th of September 2008 02:37:19 PM)
Montgomery Alabama is still a great place to invest in real estate.
TheSignBandits (Saturday 6th of September 2008 09:33:23 AM)
Very informative... very impressive. Looks like you set this up properly!
zouglounet (Saturday 26th of July 2008 08:44:37 PM)
hey guys and girls my name's alex and i need a little help please, i'm interssted to buy a four stages building and rent it to people but the problem is i don't know how please can anyone tell me how to buy a building in down payment method then rent it, and how much it can cost me thanks i appreciate your help
54spiritedwill54 (Monday 26th of May 2008 07:34:13 PM)
Good one, sounds sooo easy...amazing to hear your don't check the properties before buying.