“Profits made from flipping homes continues to shrink”

[Edward C.]

Hi all - realize there are still likely pockets of opportunity in various local markets, but wanted to pass along the following. Happy hunting! https://www.cnbc.com/2017/12/07/the-profits-made-from-flipping-homes-continues-to-shrink.html

[Chris Mason]

Here in the Bay Area flipping is increasingly difficult unless someone is very well networked. General contractor labor is in short supply; we raised a generation of young people who think they are too good to swing a hammer, so it's mostly a few GCs old enough to be eligible for social security doing it all, under terms/rates/timelines of their choosing. 

Anyone young and not sure how they want to get involved with real estate, I'd suggest at least considering it. It isn't at all crazy to suggest that your hourly wage might be on par with the computer scientist UC Berkeley software engineer client of yours, except of course that you aren't a zillion dollars in student loan debt.