How difficult is it to enter this market/job line of work? I am looking into the possibility now.. I know there are many factors and variables.. but I wanted to buy houses that are at great deals and then flip them within a month or two. Is this feasible?
Ender, Love not sure if you know about this site: http://www.creonline.com great source of information also link to forum: http://www.creonline.com/wwwboard/index.html Tuit
Hey Ender, I've been flipping for a couple years now. As far as I'm concerned it's a whole lot easier than this credit repair stuff. When I first started there were tons of deals and not many players...now the field is changing... lots of investors as well as home buyers and not quite as many foreclosures...basically you have to be more pickey and drive a harder bargin. Last year I only bought and sold 2 but made about 50k...did the repairs ourselves but sure bet workin...TUIT is right creonline.com is my favorite...if I can become unaddicted to this site, I'll see you there, cause I need to buy a house by June.
Creonline is a great site. I've been a lurker there for a while. Quite often I see people posting credit related questions in the financing forum, I always point them to Creditnet. EdG
bosslady - so if you only flipped 2 homes last year.. that doesn't really play into the whole flip a house within a month or two does it? I am actually in California.. and the prices are much pricier here.. so I wonder how much I can really flip/afford, etc. as well. Any other sites you could recommend?
Ender it's tough to have 8 months a year off...but I have a preschooler so I go to the park ALOT...I live in FLA and compared to CA, from what I read on the boards CA is out of control price wise...but if you read around on creonline (only RE site I read regurally) they do it in everytown and every state. When my preschooler goes to school this fall I will have more time to devote to "full time RE"...unless I home school. There are certain formulas to follow to let you know what the "right" price to buy is...Don't go more than 70% of fair mkt Value...Do you want to renovate then sell to end consumer or just flip to a rehabber? That's what I do more $$$ but takes longer than flipping ...flip approx avg 2-5k flip= 10-25K...I got nothing but time...the park gets old some days lol!
