any one flipping homes can u tell me about your exp.
2007-02-16 14:13:01 · 5 answers · asked by 23and4 1 in Business & Finance ➔ Renting & Real Estate
The Flip have Flopped.
http://www.breakingbubble.com/index.htm
2007-02-16 14:55:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You must be joking right. Real estate is tanking and you are talking about flipping. You might as well knock 200 points off your credit score right now and skip all of the emotional distress.
Please dont think about flipping right now and do your homework. This may be the biggest investment you may ever make. So spend at least 90 days learning the market and going on the internet, not here, but search for housing bubble and then you can answer your own question.
Good luck.
2007-02-17 01:51:39 · answer #2 · answered by Chrisusc 2 · 0⤊ 0⤋
Flipping (buying low and selling high) is a technique that is currently falling out of favor as interest rates and days on market rise. The strategy is one of buy and hold - an equity strategy, albeit a short-term one, and is risky. There are other techniques that can work as well or better when markets are in decline. For example, if the zoning on a property allows multi-family where none currently exists, you can put a property under contract with an assigns clause and sell it for the higher multi-family price by knowing the potential of the property. This is just one example of the techniques used in investing in real estate. If you want to know more, visit our website: www.jklrealtygroup.com and send us an email. We're happy to share what we know.
2007-02-20 18:11:27 · answer #3 · answered by Jay S 3 · 0⤊ 0⤋
I'm in the process of doing one at the moment... What would you like to know?
2007-02-16 23:50:13 · answer #4 · answered by ? 5 · 0⤊ 0⤋
No not me
2007-02-17 00:16:41 · answer #5 · answered by pattibcacl 6 · 0⤊ 0⤋