The trend of buying a fixer upper, making some repairs and "flipping it" to someone else is making a comeback across the country. According to the real estate website Trulia, more than 6 percent.
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According to today’s The Wall Street Journal, house flipping is making a comeback.The article states that "flipping homes is back in fashion". The story goes on to tell of a Phoenix, AZ. man who bought a house at auction for $486,300 and sold it a week later to a lady moving into the area for $690,000.
Flipping is not the fun part, targeting the car you want to own for a couple weeks, drive, fix up and make some cash from the folks that don’t know shit about cars. Lets see. “I have a 2014 Audi A6 4.2” with a check engine light on “Emissions based”.
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We noticed an interesting headline it today’s Wall Street Journal. "House Flipping Makes a Comeback". That brought back fond memories of easy equity during the days of "irrational exuberance" in real estate. Of course, there’s a dark side to irrational exuberance which we’re sure you don’t need to be reminded of.
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Investing in real estate can be a great way to make money. One type of property investment to consider is flipping a house. Achieving success using this method is usually a combination of skill, thorough analysis, and research, although a few do achieve success by dumb luck.