{exp:weblog:info weblog="{my_weblog}"}{blog_title}{/exp:weblog:info}

I thought maybe it would be nice to start a house flipping forum. I have always been interested in doing this type of business and it would be great to be able to ask and give advice.

snowbird - 20 February 2008 11:55 AM

I thought maybe it would be nice to start a house flipping forum. I have always been interested in doing this type of business and it would be great to be able to ask and give advice.

I think that’s a great topic. I’m curious about what area you’d be interested in?

I hear the housing markets in some areas of the US are really touchy these days.

House flipping takes a lot of work and planning. Sometimes people find what they think is an easy fixer upper and then once the flip starts they find out is not so easy. We flipped a house a year ago a foreclosure that we purchased it was an older home but for the price we thought we would make the improvements and be set we were so wrong!!! We were trying to do things so fast and ran into some problems with termites and getting permits from the city to make the additions. We learned a lot! Since then we have flipped 2 homes and we take our time and do not always go for the cheapest property we can find.

Hey mia_t, I’m sure sometimes it’s not as easy as it sounds. We had our next door neighbours change a couple times in a few months when the market was going crazy. I think maybe they just took advantage of the times.

I’ve heard of some people not doing so well.

Sorry guys.  House flipping and investing is thoroughly covered elsewhere on the internet.  This is a forum for working and aspiring real estate agents.

I feel that the term “flipping” a home is realy a misunderstood term. To buy a home at a reasonable value and to resell it for a profit IS what a real estate broker does. This is flipping a home. Where I think people get the misunderstanding, is that the term has been used lately to mean “Buy a house for nothing, and sell it for millions, no work involved, just send me $97.00 right now.”.

I don’t think that this mentality helps anyone other than the ebook seller. If he was so good at it, I would think that he would spend every minute of his day awake flipping homes, instead of selling a $100 product/service. The numbers just don’t work out to the ebook making him more money, unl;ess he is lying in his ecourse about how easy it is to “flip” a home.

I do think that right now is an excellent time to buy a home, if you plan on keeping it. Rates are right, and if you have credit, then the reverse morrtage market is not as much of a temptation. But to “flip” ahome, in the rapid and simple way that it is prtrayed, is going to be one heck of a tough job in the current market. People are going to be looking for the stability of a banker and an agent, not a rent to own, or fixer up, income generator.

I think a forum like this would spark an interest in more people. So i’m for it.

I don’t mean to step too far off-topic of the subjects intended for this forum.

I thought that the topic may actually be of interest to many agents, considering buyers need to purchase and sell the properties.