Why Most People Think It’s Easy to Find Profitable Flips!

[Urvashi Vasishtha]

Here's a take on why people think it's easy to find profitable flips.

People assume that whatever information is readily available is common. This bias skews our perception of reality. If you watched a show about flipping houses and the flipper in each episode makes around $40,000 to $60,000, you get the sense that it’s easy and everyone can do it. It appears that way because you are not noticing the number of people who are losing money on their flips.
Let’s take an example. If you haven’t played basketball and only watch Michael Jordan playing basketball, you will say that playing basketball is easy. You’d feel that you can shoot hoops like that. Hundreds of talented players felt that way only to be crushed by MJ time and time again. The reason novices don’t know how hard it is is that the only examples before them are those of successful people.

What are your thoughts on it?

[Sri Gunk]

Experience says you are correct. 

RE flipping is akin to adding a second full time job, 2 more spouses, and 6 children The moment you begin.  

It certainly isn't peaches, cream, and Glamor in Waco

The learning curve can be long and expensive.