Can you make a lot of money flipping houses?

Answer 1

First of all-there is no easy way of making money.So, if you are into the market for flipping them you have to have money.And it is extremely important for you to research the area in which the houses sit.Be prepared for the worst.If you have enough money to hold the properties for a while and the area is up and coming-you may make a lot of money.However, since interest rates may rise again,this would make a difference in your asking prices. If interest rates rise, the market can slow down a lot. Yes, you can make a lot of money flipping houses but you also need to prepare yourself for unforseen elements.You may have to wait to make the money, and if you can do that-go for it! I have made a good amount of money renovating and selling.But I have had troubles along the way and have had to sit and wait.Good luck to you!

Answer 2

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Answer 3

Hey

YES. And many of my clients do. But you have to be strategic financial and you should have a team of experts working with you to get things done.

My name is Humphrey Mitchell. I am a mortgage banker here in New York and I wanted to know if you have already been qualified for a type of mortgage program? We have programs for 100% financing with a credit scores as low as 580. We have been in the industry for over 15 years. I can help you get the best rate and the right program. If you already have a banker great too...I welcome the opportunity to beat his rates and programs. Hope to speak with you shortly you can reply to this message or give me a call directly at [phone]. Hope all is well and Good Luck!

Cheers,

Humphrey
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Humphrey Mitchell
Co-Chairman/CEO

Turbo Financial Inc.
303 5th Avenue Suite 1809
New York, N.Y. 10016

Cell: (917) 337- 8670
Phone: [phone]
Fax: (212) 213 - 1257

Licenses mortgage bankers in NY, NJ, CT, CO, MD, IN and FL. We are direct lenders.

Answer 4

Yes, if you chose the correct ones and you know how to fix things yourself or you have a crew. There are also new laws that prevent the houses to be flipped with in 90 days. So you have to be able to support the cost for this long.

Answer 5

It's HARD, HARD work, but yes, if you are wise in where buy, you can make some bucks. You need money to buy houses, too. But again, this is no easy way to make money, and you need to employ people to help you if you want to have a faster turn around time.

Answer 6

Probably you can.

Certainly you can lose a lot of money doing it, too. It depends on how talented you are at fixing up the place on a budget. I know 2 people who do it for a living. I know one more who does it as a retirement hobby/career. One of the first two looks quite successful at it, but I don't know how well the other two are doing.

Answer 7

You can make a good chunk of money but it also carries a high risk. You really need to know what you are buying into because if there are problems that you might be unaware it could lead to costly expenditures. Also to note it takes a lot of time and investment and probably the use of trusted contracters.

Answer 8

Yes. You can also make a lot of money selling rubber bands. Depends on your effort.

Answer 9

Yes, I do, but it is not as easy as it seems on TV, and you have to have the money not only to buy, and fix up, but the carrying costs as well as Realtor fees. They only show it in black and white on TV, not in color. Be careful, and good luck.

Answer 10

yes, if you know what you are doing. buy the crappiest house on the block in a great neighbourhood is always a safe bet. check out the property assessment and make sure it is inline.