Just thought I would share my observations.
I have been playing in a couple of US markets now since 2011. Doing stuff like buy and holding rentals, developing and flipping property. I am a full time investor.
There are many ways to skin a cat as they say...….
However, is there really any point flipping property when a market is rising/appreciating. The trend is your friend.
You could make more money just sitting on your hands, holding the property as it is rising, access equity from the property...rinse and repeat.
In a rising market my strategy is to now ACCUMULATE property, load up, volume will make more $, and keep identifying rising markets
Here is an example of a flip we completed last year in Atlanta. I will also share the numbers
What : SFR - single family residence - converting existing duplex in to SFR
Where: Atlanta, Georgia US - within 10 miles of Downtown - right next to proposed beltline
Rehab ; $77,820
Misc ; $5,000
Sell cost; $7,000
Total cost ; $199,820
Profit: $120,180 (37% profit)
Back to the point of this thread.... .If we held this property .....a duplex and simply rented it out. We would probably be looking at similar profits today without doing all the hard yards.
Not saying investors should not do flips.... however, market conditions are extremely important and sometimes it may just be best to hold property. Of course its also dependent on your particular scenario
Happy investing everyone.
I will continue to share my deals along the way.
HARD WORK NEVER KILLED ANYONE BUY WHY TAKE A CHANCE