Falling down is what you have to do in order to succeed in this business. The key to it is…making sure that when you fall, you’re falling on the ground and not off of a cliff.”
Is flipping real estate still a thing? Today, I’m interviewing Sidney Torres. You might know him as the star of CNBC’s show The Deed. Sidney is a self-described serial entrepreneur, a real estate expert, house flipper, and investor.
In the last 15 years, he has developed over $250 million in commercial and residential real estate. He got his start in his home city of New Orleans, where he made his first investment with a $40,000 loan from his grandmother and has grown his real estate empire ever since.
On the hit TV show The Deed, now in season 2, Sidney helps rescue other house flippers from financial ruin and continues to improve the beautiful city of New Orleans. We’ll talk about the time he asked his grandmother for that $40,000 loan, advice for first-time home buyers, the key to flipping a home successfully…and the new app that Sidney’s created to help reduce crime in Lousiana.
You can watch the new season of The Deed on CNBC Wednesdays at 10pm and follow Sidney on Twitter @SidneyDTorresIV.