Comments on: The Risks of Flipping Houses http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/ Anu J online! Sun, 24 Jan 2010 01:35:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: real estate millionaire http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/comment-page-1/#comment-230 real estate millionaire Mon, 01 Dec 2008 17:54:44 +0000 http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/#comment-230 I agree with both Andrew and Chelle. Income for many people these days does not allow for the easy flip a house 1-2-3 method. It's hard to even get a loan let alone have extra cash around to fix up a "flipper." It is probably a good idea to hold off on purchasing a house that needs a lot of work right now. If you are buying, look for newer houses that are possibly foreclosed or are a short-sale. You can really get a great deal these days. Your dream house could be right around the corner. You never know. I agree with both Andrew and Chelle. Income for many people these days does not allow for the easy flip a house 1-2-3 method. It’s hard to even get a loan let alone have extra cash around to fix up a “flipper.” It is probably a good idea to hold off on purchasing a house that needs a lot of work right now. If you are buying, look for newer houses that are possibly foreclosed or are a short-sale. You can really get a great deal these days. Your dream house could be right around the corner. You never know.

]]> By: Ocean Atlantic Sothebys http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/comment-page-1/#comment-221 Ocean Atlantic Sothebys Sat, 15 Nov 2008 04:35:52 +0000 http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/#comment-221 Great article. I see this was written back in May 2008. Housing prices have come down another 5% - 40% in many markets. For those of you who still have money there are thousands of great deals to be had out there but the flipping potential for the novice investor is certainly not what it was in the 2002 - 2006 market. I am a Realtor and made a good deal of money flipping up until 2007 when it began to take forever to sell a house even if it was priced 25% below other homes in the neighborhood. There are some great deals to be had if you want to buy and hold but if you want to buy and flip I'd advise against it for a while! Great article. I see this was written back in May 2008. Housing prices have come down another 5% – 40% in many markets. For those of you who still have money there are thousands of great deals to be had out there but the flipping potential for the novice investor is certainly not what it was in the 2002 – 2006 market. I am a Realtor and made a good deal of money flipping up until 2007 when it began to take forever to sell a house even if it was priced 25% below other homes in the neighborhood.

There are some great deals to be had if you want to buy and hold but if you want to buy and flip I’d advise against it for a while!

]]> By: Andrew Link http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/comment-page-1/#comment-170 Andrew Link Tue, 01 Jul 2008 11:53:15 +0000 http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/#comment-170 The problem is in the economical situation. People simply can't buy a house. The problem is in the economical situation. People simply can’t buy a house.

]]> By: Chelle http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/comment-page-1/#comment-143 Chelle Wed, 28 May 2008 03:29:24 +0000 http://www.anuj-online.net/index.php/2008/05/06/the-risks-of-flipping-houses/#comment-143 I think now would be a good time to be an investor - there are A LOT of foreclosed properties for sale in my area right now - maybe not necessarily to flip, but certainly to rent and hold onto until things become more stable. Many people right now can't buy - they're trapped into renting, so it can be a good opportunity. I think now would be a good time to be an investor – there are A LOT of foreclosed properties for sale in my area right now – maybe not necessarily to flip, but certainly to rent and hold onto until things become more stable. Many people right now can’t buy – they’re trapped into renting, so it can be a good opportunity.

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