Skip to main content

Is this a Flipping Market?

Can investors successfully flip real estate in these trying times? Has the economy turned around? The answers may not be as simple as you think. In the second half of the year, markets have been shifting. Most experts agree, that with low rates, and inventory going quickly, that there's definitely a lot of energy picking up in the real estate market.

I recently spoke to a local realtor in the Silicon Valley area, and he told me that more and more investors are paying cash for properties, and paying well above asking prices. This might be a good indicator that those who bought awhile ago, are now flipping their purchases to the highest bidder. What these current purchasers intend to do, I do not know.

Many are also saying that this is just another bubble and will burst soon. So why tie up so much capital into real estate thats in an upswing? Do you agree? What are your thoughts on the current market, and the direction its heading toward?

Popular posts from this blog

Flip and Grow Rich in this Economy?

Some may be asking themselves, can I really flip and grow rich in this economy? Well it's not an easy question to answer. While there is lots of money to be made in this current climate. There is certainly lots of money to be lost as well. In a recent Wall Street Journal article, mortgage rates are reportedly declining, a prime time to buy property. Money is cheap! However, it would also seem than banks are being more difficult to get money out of, so what's a flipper to do? Even Donald Trump is having difficulty in this market, with his Chicago condos, buyers are not following through on contracts. Remember to do your homework, look at every deal carefully, and ensure contracts are in order. Look for the best deal, for example RealtyTrac offers a nice forclosure search on their website.

Can you flip a house faster than cooking a turkey?

One of the things I often think about during thanksgiving is how long it takes to cook a turkey. Not just the time in the oven (usually 6 hours for a 20 pound bird), but also the time it takes to buy it, brine it, prepare it for cooking, cooking it, and finally carving it up. Think about what the average turkey costs. I'd pin the price down to between $20 and $50 for a 20 pounder. Price will often depend on quality, for the sake of argument, lets say $20 for a 20 pound bird, that will yield enough for about 20 people (a pound per person). So essentially we are cooking for $1 per person. Thats a pretty good economic deal considering how much beef and other meats cost. Now if we were flipping that turkey, I'm sure we could get at least $2 per person for the meal. But wait, what about all the prep time and cook time? Let's back up... what if we factor in the following: Total Turkey Time Buying the turkey 1 hour Brining the turkey 1 hour Prepping for Cook 1 hour Cooking...

Email from Armando Montelongo on his Real Estate Course to Flip and Grow Rich

Armando Montelongo offers a 5 page preview of his "Flip and Grow Rich" course on his website. I was curious and filled out the form, entering my email address and clicking submit. In addition to the ebook link, I received a few emails promoting his course. They were sent at different times over the course of 2 days. The first email congratulated me on access the "Flip and Grow Rich" system. Armondo tells a story about promising his wife to share his success with the world. Now, he is fulfilling his promise. Hi (name), Congratulations on accessing my 'Flip and Grow Rich' system! I made a promise to my wife on our trip across America. I told her that if I became successful, that I would share it with the world. Now that I have made my fortune by flipping houses, I am unlocking the vault to my business and sharing my flipping strategies and techniques with you! You can download my ebook as promised by going to =====> (link removed) You may be asking what is ...