patrick.net

It's not easy to acquire homes to flip when real estate is at record highs.

hey, you wanna play with fire, go right ahead:

"An analysis RealtyTrac ran for MONEY showed that 12% of flips sold at break-even or at a loss before all expenses. In 28% of flips, the gross profit was less than 20% of the purchase price. Twenty percent is "typically the minimum that would at least cover rehab costs, carrying costs, and other expenses incurred by the flipper," said Daren Blomquist, RealtyTrac senior vice president."

http://time.com/money/4364196/house-flippers-lose-money/