House flipping is back. MAKE MONEY. - Zillow Real Estate Advice

I have worked with a lot of flippers, and the profits vary tremendously...it is not for the faint of heart. ?In some transactions my clients break even at bestdue to unforseen circumstances, but because they are flipping 12+ homes a year, they don't care. ?If you are a first timer, and go "all in" on a "loser," ?well, then you are going to be sitting on an asset for a few years and renting it out.

This happened to me recently, after the 8k tax incentive dried up, sales prices of starter homes took a nose dive in CA...I just rented out the asset after being unable to sell it at a "break even" price. ?I could sell it now, but the rent is good...so I might just keep it until prices go up substantially more in the future.

Best wishes from So-Cal and good luck

Source: http://www.zillow.com/advice-thread/House-flipping-is-back-MAKE-MONEY/466675/

tulsa news scalloped potatoes the ten commandments charlton heston moses tulsa shooting doug fister