Flipping Houses Tip from Real Estate Investor Terry Kerr

March 7th, 2010 | by admin |

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

Duration : 0:9:34


[youtube CwQ7fspJMC8]

  1. 25 Responses to “Flipping Houses Tip from Real Estate Investor Terry Kerr”

  2. By scoob0792 on Mar 7, 2010 | Reply

    Update to Terry …
    Update to Terry Kerr and Ray Porter property: Entire roof had to be stripped down to wood and replaced ($30K), entire building facade peeling off ($5K), discovered no insulation in walls between condos (who knows how much $), Terry Kerr claims he is bankrupt, no doing the same garbage under new name of Mid South Homebuyers. Beware!

  3. By scoob0792 on Mar 7, 2010 | Reply

    Be careful buying …
    Be careful buying anything from Terry Kerr. The homes he sells are of the worst possible quality and you’ll find yourself redoing extremely poor workmanship.

  4. By MillionaireCoaching on Mar 7, 2010 | Reply

    Fried Chicken and …
    Fried Chicken and Real Estate, an awesome combination.

    Good video tips, way to go guys!

  5. By PropertyLeadsNow on Mar 7, 2010 | Reply

    If you can grab …
    If you can grab them at a deep enough discount, rehabbing and THEN wholesaling is a great niche! We try to leave plenty of room in our contract assignments.

  6. By DancingSpiderman on Mar 7, 2010 | Reply

    Thanks for putting …
    Thanks for putting this info here. I got my free E-book.
    Just scanning it, looks like very key, useful stuff.

  7. By 4realestateleads on Mar 7, 2010 | Reply

    This is awesome! I …
    This is awesome! I love how you talk about finding a niche and going with it, I completely agree! You can’t try and tackle the whole real estate world, find what you are good at and become the best, just like you said. You guys are great!

  8. By y2knoproblem on Mar 7, 2010 | Reply

    From North Dakota …
    From North Dakota to Oklahoma. Parts of Texas still have rising home values, although, I suspect it will slow down soon. I know the rental market is booming in Iowa and Nebraska. Of course, in any market there is opportunity.

  9. By LeftLiberalSoCal on Mar 7, 2010 | Reply

    The mid west is …
    The mid west is pretty large. Which areas in particular are you talking about?

  10. By y2knoproblem on Mar 7, 2010 | Reply

    The market is much …
    The market is much different in the mid-west. Here there was not a housing bubble nor a bubble burst. Just normal appreciation and slow downs.

  11. By FinanciallySound on Mar 7, 2010 | Reply

    Yes, it’s that FREE …
    Yes, it’s that FREE e-book Marc Hrisko of Marc Hrisko International is giving away right now on his website (at least he was this morning when I downloaded it). It was $47 but he said he’d give it away for FREE for a few days. You might want to go grab your copy if its still on his website. It’s seriously the best FREE millionaire advice I’ve read in years. Anyway, I hope this helps you.

  12. By propertybuyer on Mar 7, 2010 | Reply

    Sounds like Terry …
    Sounds like Terry has got it figured out.

    You can make money in any market as long as there are people who need to sell, and there are people who want to buy. Everyone needs a place to live, so providing housing fulfills a basic essential need.

    If you buy and sell within a relatively short time span, the market values do not change very much so you simply adjust your gameplan to the current conditions and keep doing what works for you.

    And never stop your buying machine!

  13. By DrewDownsManagement on Mar 7, 2010 | Reply

    Nice video. I …
    Nice video. I enjoyed it. I definitely got something out of it.
    Check out my latest video, I would really like your honest opinion about it.
    Thanks.

  14. By wheresthebottom on Mar 7, 2010 | Reply

    This guy is great.
    This guy is great.

  15. By mercuryfunding on Mar 7, 2010 | Reply

    LeftLiberalSoCal,
    …
    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!!!

  16. By FlippingHomes on Mar 7, 2010 | Reply

    LeftLiberalSoCal,

    …
    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

  17. By LeftLiberalSoCal on Mar 7, 2010 | Reply

    There is an old …
    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??

  18. By FlippingHomes on Mar 7, 2010 | Reply

    LeftLiberalSoCal,

    …
    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. :-)

  19. By LeftLiberalSoCal on Mar 7, 2010 | Reply

    Real Estate ” …
    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.

  20. By sctullie on Mar 7, 2010 | Reply

    Montgomery Alabama …
    Montgomery Alabama is still a great place to invest in real estate.

  21. By TheSignBandits on Mar 7, 2010 | Reply

    Very informative… …
    Very informative… very impressive. Looks like you set this up properly!

  22. By zouglounet on Mar 7, 2010 | Reply

    hey guys and girls …
    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

  23. By 54spiritedwill54 on Mar 7, 2010 | Reply

    Good one, sounds …
    Good one, sounds sooo easy…amazing to hear your don’t check the properties before buying.

  24. By johnbenson704 on Mar 7, 2010 | Reply

    Hi,
    This is some …
    Hi,
    This is some good work.
    What do you recommand, buy a flip from Court auction? Buy from Bank? Or hire an agent and let him do the search?
    P.s. “I am looking for a house that I can work on it, and has a value.”

  25. By FlippingHomes on Mar 7, 2010 | Reply

    Besides any limits …
    Besides any limits the landlords may have themselves, Fannie Mae has a 10 limit. But you just have to use lenders wo won’t sell their stuff to Fannie Mae (i.e. small, local banks work well).

  26. By FlipItBig on Mar 7, 2010 | Reply

    Flipping to …
    Flipping to landlords. Heck yeah! Is there a limit on the number of houses you sell to one specific landlord?

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