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I flipped a $350,000 townhouse to help buy 19 million dollar homes

A REAL-ESTATE expert has revealed how she bought a $150,000 townhouse to help her buy 19 more homes.

Tatiana Londono, who uses the username Tatlondono on TikTok, renovating and flipping properties – but some of her followers have slammed the method.

Tatiana Londono can buy 19 homes by flipping a $350,000 townhouse

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Tatiana Londono can buy 19 homes by flipping a $350,000 townhouseCredit: Tatlondono / TikTok
Tatiana, who started a real estate brokerage, made $100,000 in profits from real estate.

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Tatiana, who started a real estate brokerage, made $100,000 in profits from real estate.Credit: Tatlondono / TikTok

A flip is when you buy an asset that generates revenue and resell it for a profit.

Tatiana is the founder and CEO of Londono Realty Group, a real estate brokerage in Montreal, Canada.

In a recent TikTok Videos, she revealed that she earned $100,000 for the house after the renovation.

With the cash plus equity she draws from the property, she can pay upfront to buy a “7-plex,” a building with seven individual units.

After renovating the property and renting out empty apartments, the bank revalued it at $1.25 million.

Tatiana said this allowed her to cash out $240,000, which she used as a down payment for another six-unit building.

She then repeated the process to buy herself another building with six units.

“Just flipping one townhouse, I was able to buy three investment properties for a total of 19,” says Tatiana.

While that sounds impressive, some of her TikTok followers have claimed Tatiana is “part of the reason why I can’t buy a house”.

Another added: “Omg boss girl thanks for making it impossible for my whole generation to be a landlord.”

And a third said, “Oh, thanks! Now I’ll never be able to afford a house! But you should #girlboss.”

Tatiana has more than 2 million followers on TikTok and 147,000 followers in Instagram.

She told The Sun: “In my city, where we have control over rent, rent is set by what tenants are willing to pay, not by ‘greedy’ landlords. .

“My story – the kid with immigrant parents who is nothing but fair – is to inspire people and show them that anything can happen in our wonderful country if you work smart.”

Things to know about house flipping

There are two types of house flipping. The first is where you buy and sell assets quickly, hoping to capitalize on profits in the market.

This approach is quite risky, especially if the price drops and requires a lot of knowledge.

The second type of flip home is when you buy a property, renovate it, and then sell it for a higher price.

This requires knowledge of which renovations will yield the most value and enough money to pay for the upgrade.

With both approaches, if the market crashes, your capital may be at risk and you may end up selling at a loss or having a hard time with an asset you don’t want.

Whatever method you choose, if any, remember that you also need to save to be able to buy a property.

The only exception is if you qualify for loan assistance programs No prepayment required.

We have also rounded Other ways to invest in real estate.

We explain how to turn average tax refund $2,827 into more more than 100,000 dollars.

Plus, we reveal how to invest in stocks and shares in step-by-step instructions.

I charge my teenage daughter, people keep judging me for it without knowing the real reason why

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https://www.the-sun.com/money/4197506/flipped-house-real-estate-make-money-tips/ I flipped a $350,000 townhouse to help buy 19 million dollar homes

DevanCole

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