Look before you leap, flipping can be a risky business as we've talked about in the past. With 1,294 foreclosures in the OC alone, people have jumped into a bad market. Can this be turned into an opportunity for flipping? Sure, looking for people who need an out and making them an offer can result in a deep discount for anything faced with default. A little bit of research, networking, and legwork may give you the leg up in a market which seems to be taking a dive (at least in California).
Just remember to look before you leap, do your homework, and make sure any risk is mitigated in some form or another. Don't risk money you can't afford to loose, and don't pass up an opportunity to flip the state of the market and tip it in your favor.
Resources
Just remember to look before you leap, do your homework, and make sure any risk is mitigated in some form or another. Don't risk money you can't afford to loose, and don't pass up an opportunity to flip the state of the market and tip it in your favor.
Resources