Quote:
Originally Posted by goozer
If you don't know anything about the business, now is DEFINITELY not the time to get in to flipping houses. Experienced house flippers are getting pummeled by the declining housing market right now. No need to jump in as a novice. I halfway think your post is a joke because I cannot imagine that anyone living in the U.S. is not aware of how bad the housing market has gotten. To make money flipping houses, you would be best off doing it in a robust market.
|
What a foolish comment. Certain areas in the U.S. have come close to bottoming. Where I'm from in Ohio, you can find some decent finds for under $15,000 and even one for $9,000. In certain areas here in California, I expect the experienced to wait it out a bit more - I expect to see it dropping 10-20% more percent. It really depends on where you're looking, but now is the BEST time to start looking into buying or at the very least, learning how to get into the business. You'll have to hold on to your purchase a bit, but if you have the capital to do so, buying now could lead to major fortunes when we're all out of this.