So – You Think You Want to Flip?

I never cease to be amazed that so many new investors gravitate to fix and flipping single family housing as their strategy of choice. Don’t get me wrong, I understand why this is – allure of quick money is strong indeed; and it looks so easy on TV. My experience, however, has been that flipping houses is perhaps the single most difficult and most risky activity under the umbrella of real estate investing, and I unequivocally believe that even though everyone gets lucky once in a while, only the Pros whose businesses are streamlined, automated, and well-funded are able to be consistently profitable with flipping...

Link: So – You Think You Want to Flip? via www.biggerpockets.com

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