Chances are you've seen a
home like this in your neighborhood
and you might have thought, 'I could buy that home,
fix it up and sell it for a profit.' Well, a Coeur
d'Alene company says, you can, but you gotta know
a few things first.
IT TAKES A LOT OF WORK
PLENTY OF COMMITTMENT
AND A WHOLE LOT OF KNOW HOW..
BUT MAYBE THE BIGGEST THING TO KNOW WHEN FLIPPING
Terry- W14 28
TERRY AND KENT MCKEE CAME ALL THE WAY FROM LITTLE
ROCK ARKANSAS TO LEARN HOW TO FLIP HOMES FROM COEUR
D'ALENE BASED COGO CAPITAL.
Spend your time most productively, get the most work
get it done fast becasue that's what rehabbing is
CEO LEE ARNOLD SAYS NOT A LOT OF PEOPLE FROM SPOKANE
ACTUALLY TAKE THEIR CLASSES.
We actually have people fly in from across the country
and spend a day on the job with us,
MOST OF THE HOMES FLIPPED BY COGO ARE FORECLOSURES
Just in the Spokane Coeur d'Alene market we will have
bought and sold about 50 homes this year,
ARNOLD'S NOT WORRIED ABOUT PUTTING HIMSELF OUT OF
BUSINESS BY TRAINING OTHERS TO DO THE SAME.
We're not worried about flipping all the homes.
It always seems there's new ones coming on the block
all the time,
ARNOLD SAYS FLIPPING HOMES CAN PAY OUT BIG BUT YOU
HAVE TO KNOW WHAT YOU'RE GETTING INTO.
We will put $50,000 into this house when we are done,
THAT'S WHY THIS ISN'T THE FIRST CLASS ON HOW TO FLIP
HOMES FOR THE MCKEES
You stand to make good money but you also stand to
lose significantly if you don't know what you are
And if you're wondering exactly how much money you
can make from flipping homes, this home stands to
generate about $20,000 in profit in a little over
Reporting in Spokane Aaron Luna KXLY 4 News.