How Much Money Can You Make Fixing And Flipping Houses?

When it comes to flipping houses one of the best strategies for making a lot of money really quickly is what we call fix and flip. Today on this video we're gonna talk about exactly how much money you can make fixing and flipping houses.

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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.

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[dividav]

What about buying a property and then transferring the property into the name of a trust you create? Then sell the place and Pay no taxes😊

[darksmostt]

Make any video in spanish bro plis, your great

[SiyDyanstyHoldingsLLC]

Did you mean down payment to fund the deal for carrying cost?

[ladyredconstance]

wow..thank you so much..I learn so much..

[JohannaBassols]

What would this equation be now that the interest rate is 8.25.

[dmetric]

So I gotta spend 200k to make not 30k profit

[JohannaBassols]

Where should I add the months of mortgage paid?

[mankiratsinghsandhu]

You can’t hide taxes. Federal tax, state tax withholding and Self employment tax. It could be 60% of combined taxes based on your tax bracket.

[wisamrabeea]

thank you so much for your videos but where can i find these houses in this lower prices? is it auction? sale by owner?

[ashleywaters]

How can we find out what the ARV could potentially be?

[nuabneter]

What about commission for realtor after sold. Are any of those factors in the 30% rule. Also thanks for the information you’re providing

[jimmyrolla]

Hello Jerry! when do you have to start making payments on the private money that is used?

[yaircelis]

How do I know my house value after repairs? Do I add the amount of repairs I put in plus how much I bought the house for?

[clairestewart]

so when you first buy the house and its like 175, 000 would you have to pay that in full since you are planning on selling it in a few months?

[yair]

What if I want to buy another house? That 30k profit will go to another house and so basically I will just make 30k?

[TheDirtylacesTv]

What about capital gains tax? Is that included in your formula or does that come out of your 15% profit?

[justinc]

im confused as to what the carrying cost is. Im assuming its if you use an investors capital rather then your own, so therefore if it were my own money i could expect roughly 20% profit? Would you be able to make a video on how to get investors? im only 19 and my plan was to just save money and use that money to put into my own properties, which would means a 100k home would likely be out of my budget(im fortunate enough to still live at home).

[Ziggydavy]

Does the Short Term Capital gain Tax come out of your 15% profit ???

[Lobo]

That only works if you found a steal. Guesstimating a 90, 000 return is in a buyers market