Houston
Sponsored by

Flipping houses is prolly the safest investment right now.

4,931 Views | 21 Replies | Last: 2 yr ago by BBRex
lancevance
How long do you want to ignore this user?
Lots of cheap houses in the market soon. Investors gonna make it out like bandits.
Gap
How long do you want to ignore this user?
AG
I can't imagine the plunge in home prices right now. We really don't know what that is because who would want to buy or close on anything they had in process. Any estimate on what % someone would actually buy a house for today as compared to what they might have just 2 months ago?
Waltonloads08
How long do you want to ignore this user?
AG
I'd hold off...
HouAggie2007
How long do you want to ignore this user?
How do you make the logical jump that lots of cheap houses about to flood the market = flipping them becomes a good idea
b0ridi
How long do you want to ignore this user?
HouAggie2007 said:

How do you make the logical jump that lots of cheap houses about to flood the market = flipping them becomes a good idea
Because no one has ever lost money in real estate, right?
ThunderCougarFalconBird
How long do you want to ignore this user?
AG
b0ridi said:

HouAggie2007 said:

How do you make the logical jump that lots of cheap houses about to flood the market = flipping them becomes a good idea
Because no one has ever lost money in real estate, right?
the only better/safer investment I can think of has to be pumpkins in November.
Cromagnum
How long do you want to ignore this user?
AG
Lots of people potentially losing jobs and for sure losing money right now. Who is your market?
Texan_Aggie
How long do you want to ignore this user?
AG
Yeah I think lots of people are going to stay put. Can't imagine with oil at $30/bbl many people are getting good bonuses or raises. Layoffs are coming and this doesn't appear to be a short term deal
W
How long do you want to ignore this user?
AG
a recession is a great time to buy property in the country.

if you're looking for some for your own use
Aggie369
How long do you want to ignore this user?
AG
Buy the property and RENT it to those who cant afford to own any longer.

Rental market will get stronger
E
How long do you want to ignore this user?
AG
Market dips lowers cheaper homes and raises remodeled homes... got it
Stan Crowch
How long do you want to ignore this user?
AG
I'm part owner in a single-family rental investment company. Things are really good. Lots of people wanting to allocate money to assets they can see and touch. I wouldn't want to be flipping houses right now though.
IrishTxAggie
How long do you want to ignore this user?
AG
blindey said:

b0ridi said:

HouAggie2007 said:

How do you make the logical jump that lots of cheap houses about to flood the market = flipping them becomes a good idea
Because no one has ever lost money in real estate, right?
the only better/safer investment I can think of has to be pumpkins in November.
Christmas trees in December
XpressAg09
How long do you want to ignore this user?
AG
b0ridi said:

HouAggie2007 said:

How do you make the logical jump that lots of cheap houses about to flood the market = flipping them becomes a good idea
Because no one has ever lost money in real estate, right?
1. Buy House
2. ???
3. Profit!
Harry Dunne
How long do you want to ignore this user?
lancevance said:

Lots of cheap houses in the market soon. Investors gonna make it out like bandits.
Depends what price range the houses are in and exactly what said investors plan on doing with them. Different variables now than usual, but big picture no different than ever.

Flipping higher end homes is always risky and the pool of potential buyers will be smaller than ever...and there is typically not much margin in flipping lower end homes. If you can tolerate eating a mortgage for a while or playing the long game & renting a place until the market recovers for a flip you can certainly get great prices right now... but it's by no means "easy money". Anyone that thinks this has never actually done it.
Gus Fring
How long do you want to ignore this user?
lancevance said:

Lots of cheap houses in the market soon. Investors gonna make it out like bandits.
Where are these cheap houses?
Tibbers
How long do you want to ignore this user?
Gus Fring said:

lancevance said:

Lots of cheap houses in the market soon. Investors gonna make it out like bandits.
Where are these cheap houses?


In places that are so scary it's scary.
TarponChaser
How long do you want to ignore this user?
Tibbers said:

Gus Fring said:

lancevance said:

Lots of cheap houses in the market soon. Investors gonna make it out like bandits.
Where are these cheap houses?


In places that are so scary it's scary.


I have a friend working for a company due tear-downs and renovation/flips of houses in Lindale Park. The cheapest one I've seen them do is like $625K.

I know that area ain't what it was 10 years ago but that just blows my mind.
T Durden
How long do you want to ignore this user?
AG
XpressAg09 said:

b0ridi said:

HouAggie2007 said:

How do you make the logical jump that lots of cheap houses about to flood the market = flipping them becomes a good idea
Because no one has ever lost money in real estate, right?
1. Buy House
2. ???
3. Profit!


I saw this exact method in a Tom Vu infomercial in the early 90s.
Sublette County
How long do you want to ignore this user?
AG
Lindale Park
MAS444
How long do you want to ignore this user?
AG
It's been over a year since the original post. Let's hear all the success stories!
The Milkman
How long do you want to ignore this user?
AG
My in laws family business is real estate investment. Not flipping, but buy cheap, clean up, and rent. Also will buy empty lots and build from ground up and sell.

Both directions are booming. Rentals are all occupied and paying on time at a higher rate than before the pandemic. New builds are selling before houses are finished.

That is small town Pennsylvania.

If the OP was actually able to get any properties cheap then I'm sure it went really well. Here in DC/Virginia/Maryland everything sells at asking or above in a day or two.
BBRex
How long do you want to ignore this user?
AG
A former co-worker and her husband bought over there six or seven years ago. I thought it was probably a smart long-term move, but I wouldn't have wanted to live over there while waiting for the neighborhood to gentrify. But when I saw the houses immediately around theirs, it didn't look so bad. Of course, her husband had to do some serious work on the house, too.
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.