So Armando Montelongo is following me now on Twitter. If you recognize that name, he is the Austin, TX flipper on Flip This House. He stepped into the staring role after issue with the Charleston, SC based team had creative conflicts with A&E. They lost the show, A&E picked someone else and everything went down hill after that.
I'm sure the guy is making lots of money even in a market where banks have closed their doors to people looking to buy houses - investors and regular buyers alike.
What really got me was his new website where he is pimping his book... and his 5 ebooks. Housing isn't cutting it for him... the flippers want easier money and that's to pimp knowledge no matter how it's shaped.
First off, I only take ebooks that are free. 2nd I've read enough books, websites and forums at this point that the same information is repackaged and sold back to me with just a new ribbon.
For all you people out there who are getting into this, please take this advice to heart. Do NOT spend $1000s of dollars on tapes or seminars or books. For around $100 you can get a lot of the knowledge you need in a handful of books and then FIND A MENTOR. They will help answer any questions you have and keep you out of the trouble you are afraid of getting into. When the hard times come a book will just sit on the shelf and collect dust.
The basic knowledge is important and knowing the tricks of the trade are very helpful, but you should spend your money wisely.
A few of the books I've read:
Landlording On Auto-Pilot by Mike Butler
Retire Rich from Real Estate by Marc Anderson
The Pre-Foreclosure Property Investors Kit by Thomas Lucier
I would read them in that order as well. I'll review these books in the coming days so you know why and what to expect if you chose to buy them.
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