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Updated about 11 years ago on . Most recent reply

Is FLIPPING DEAD??
I knew it would happen eventually. Some big news channels are picking up and starting to tell people to look at flipping. I am not involved in flipping but know once the news stations start saying it the market will become about nonsense instead of numbers.
It's kind of like a stock everyone is saying to buy is when the smart people sell to them and get out.
I am sure we will see in the next 6 to 12 months articles like "The real estate money making machine is back ! etc "
http://www.bankrate.com/finance/real-estate/flipping-houses-after-bubble-1.aspx
- Joel Owens
- Podcast Guest on Show #47

Most Popular Reply

Don't you love this business, a few years ago agents begged you to make an offer on a foreclosure,,I wish I had done 1/10th of the deals I didn't do because they weren't good enough (to me at that time).
Now everyone is buying, I'm seeing a house I could have picked up for $70k a few years ago, rehabbed and listed (I didn't say sold) for $140k today,,,guess what, it was probable worth more than $70k a few years ago and isn't worth $140k now, but that's the market
We are in a hot market, you just have to play the market however it is at the time.