Chatting with a 22-year-old Real Estate Millionaire

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“The term “flipping” is used by real estate investors to describe “residential redevelopment”. Redevelopment of distressed or abandoned properties or neighborhoods has sometimes been linked to malicious and unscrupulous acts in the post housing bubble era. The term “flipping” is frequently used both as a descriptive term for schemes involving market manipulation and other illegal conduct and as a derogatory term for legal real estate investing strategies that are perceived by some to be unethical or socially destructive. In the United Kingdom the term is used to describe a technique whereby Members of Parliament were found to be switching their second home between several houses, which had the effect of allowing them to maximize their taxpayer funded allowances.” – wikipedia

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  1. A financial system free from many of the burdens and pitfalls created by trusted intermediaries and powerful masters sounds like a beautiful future we should all want to usher in.

  2. Question: how did a 22 year old get enough capital to invest in the first place? I guess the first step is the hardest, which is to have enough money to buy under market value and some more money to flip it, and I know no bank is going to give out a 300k loan on a 0 down payment to a 20 year old with no income statement

  3. French President Emmanuel Macron on Wednesday announced that a 'limited lockdown' will be imposed across the nation to curb the spread of coronavirus disease (Covid-19.Y’all should develop an online income means and focus more on bitcoin. I have been into bitcoin for a while now.

  4. To me his body language shows he's lying big time. Doesn't seem confident in what he says, and I even caught somewhere he said "we sold" then quickly changed it to "I sold". Most likely he's working in his parents' company or something.

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