I always hear stories about people buying houses for $16 dollars and selling them for like $100,000. Are these
or are cats really doing shyt like this?
If this shyt is indeed real then whats the best way to find out about these houses before anyone else does?
There is money to be made but the real money is in selling classes or tutorials to the masses. If these guys were really making great money flipping houses, the last thing they'd want to do is recruit thousands of people into the market and make it harder and harder to find the great deals.
Often, the story is told that a guy bid on a house for $16 and sold it later for $100,000. Seems easy enough, right? They don't tell you that the house had $60,000 in back taxes and fines and needed an additional $35,000 in improvements to bring it up to code and present it in a sellable condition which is why no one was bidding more than $16 on it. Did they still profit in the end? Perhaps, but it took a lot of financial risk, capital, labor, and planning to do so and no one "got rich quick" in the process.
It ends up being no different than the pyramid schemes like Avon, Mona Vie, etc. Money CAN be made by the peons in the process but the people really making money are at the top flipping IDEAS and DREAMS, not products.
