is flipping houses realistic or is there a good chance one could fail even if he tried and tried?

Answer 1

I have been doing this for the last ten years i haven't lost anything yet, hopefully I don't. But its like any other thing you do it depends on how much you put into it and that determines how much you get out of it. Real estate has slowed down but there is always people looking for a place to live, so there is always a market for real estate. Try one and see how it works, you will never know talking about it, worse thing you may have to rent it. There are so many options of selling a house (I.E). rent to own,contract for deed, selling to group investors. good luck $$$...

Answer 2

Flipping (buying low, selling high) is only one strategy for investing in real estate. It assumes you will buy the property and hold it until the equity build up is sufficient for you to sell it. A similar strategy is "Fixing Up" which is buying low, fixing and then selling. Both strategies require you to hold the property for equity build up. Consider a strategy called "Flixing". By evaluting the highest and best use for a property based on current and/or future zoning, you can often find a property that is not properly utilized, and enhance it simply by changing its useage. NO fixing costs, not holding for future equity growth but a fast, cheap sale. We use this model when we find a property in an area of slow or declining sales.

Answer 3

Many areas in the United States are presently in a falling market, which many believe will continue. This presents a much greater risk of losing money in "flipping" homes. Generally, this strategy works in a rising market. If you are just considering embarking on this venture, you might want to wait until market conditions improve.

Answer 4

That depends. We don't reconmend FLIPPING a house, you need 10-20% down in most markets for the load. Then 10-20% for the fixup for the filp. That's 20-40% of your money up front before the sale. Who are you selling the home too? If you don't know you'll fail.
What we talk about on the radio is a lease option, were we teach you find a houses 25% below market, You pay less than 10% of anything else. At the end of 2 tax years you sell for 100% or reinvest. we can show you how to do it by yourself.