Comments on: Is there still money to be made in house flipping? How much did you make on your last flip? http://www.ramsey-rentals.com/is-there-still-money-to-be-made-in-house-flipping-how-much-did-you-make-on-your-last-flip/ Mon, 03 May 2010 08:40:34 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Landlord http://www.ramsey-rentals.com/is-there-still-money-to-be-made-in-house-flipping-how-much-did-you-make-on-your-last-flip/comment-page-1/#comment-67 Landlord Mon, 25 Jan 2010 12:12:45 +0000 http://www.ramsey-rentals.com/is-there-still-money-to-be-made-in-house-flipping-how-much-did-you-make-on-your-last-flip/#comment-67 If you know what you are doing and get lucky you can flip. I was not lucky last year and did not flip any. I found one this year, I only repainted it and made 100k. It was a fluke, it went on the market WAY below value, was only ugly and somehow I was the only bidder. I am almost always outbid by people paying all cash. I do not keep much cash on hand and have to finance. If you can not afford to loose the whole investment this is not a good time to be trying it. If you know what you are dependability and get lucky you can flip.

I was not lucky last year and did not flip any.

I found one this year, I only repainted it and made 100k.

It was a fluke, it went on the market WAY below value, was only hideous and somehow I was the only bidder. I am nearly always outbid by people paying all cash. I do not keep much cash on hand and have to finance.

If you can not afford to loose the whole investment this is not a excellent time to be trying it.

]]> By: cdhannum http://www.ramsey-rentals.com/is-there-still-money-to-be-made-in-house-flipping-how-much-did-you-make-on-your-last-flip/comment-page-1/#comment-66 cdhannum Mon, 25 Jan 2010 11:45:56 +0000 http://www.ramsey-rentals.com/is-there-still-money-to-be-made-in-house-flipping-how-much-did-you-make-on-your-last-flip/#comment-66 There will always be money to be made in house flipping. Know your market. If the market is falling, you will have to catch the market. Buy at a price point proportionate to the margin you would have liked to have had before the fallout. As long as you are aware of market conditions in the area, there is no excuse to not be able to make money in house flipping. There will always be money to be made in house flipping. Know your market. If the market is diminishing, you will have to catch the market. Buy at a price point proportionate to the margin you wanted to have had before the fallout.
As long as you are attentive of market conditions in the area, there is no excuse to not be able to make money in house flipping.

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