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Dis Guy Who Quit His Job to "Flip" Took a $400K Bloodbath...
https://www.bloomberg.com/news/articles/2019-05-09/young-real-estate-flippers-get-their-first-taste-of-losing
As Yogi Berra would say: "It's like déjà vu all over again." :)
What I don't understand is spending the money and time on "renovating" the flip. If market goes up you'll make your money regardless, and if it goes down you shouln't be flipping in the first place.
Hugolas_Madurez saysWhat I don't understand is spending the money and time on "renovating" the flip. If market goes up you'll make your money regardless, and if it goes down you shouln't be flipping in the first place.
You slap on some 'European' door handles and marble, custom faucets and shower heads worth 50k and add 200k to the price for luxury remodeling
What I don't understand is spending the money and time on "renovating" the flip. If market goes up you'll make your money regardless, and if it goes down you shouln't be flipping in the first place.
When we decide to sell our CA property here is what listing description will be:
“For sales by owner, to families only, no bidding wars, slightly underpriced to sell fast, first qualified offer will be accepted. investors, bankers, and realtors will be shot on sight.”
When we decide to sell our CA property here is what listing description will be:
“For sales by owner, to families only, no bidding wars, slightly underpriced to sell fast, first qualified offer will be accepted. investors, bankers, and realtors will be shot on sight.”
https://www.bloomberg.com/news/articles/2019-05-09/young-real-estate-flippers-get-their-first-taste-of-losing
As Yogi Berra would say: "It's like déjà vu all over again." :)