Flipping in today's market

What are you.....nuts?

I recently attended a Real Estate Investment Expo and quickly noticed that a bulk of todays "investors" are still interested in flipping homes. WHY? If you are watching the market you should realize this is not the time to sell anything, and I mean ANYTHING. Now is the time to be a long term buyer.

Flipping and flippers scare me in this market, not personally, but I get scared for them. I think a lot of people have been watching to much TLC and home flipping programs. They need to make a program titled "The ultimate Landlord" it is much better suited for the market we are in.

It does not take much more then common sense to realize this is the time to be a holder of property. Why would you buy something that someone can't sell only to try to sell it a month later? I don't care how much "curb appeal" you think it needs, or how the new paint job should really spice things up. You are NOT going to make any money!! Why not?

Because it costs you at least 10% to purchase then resell any property, and that does not include taxes!!!!

Be smart people, don't believe the hype.....do your homework first and then make money!!

Look for property that you can rent out for your holding costs
AND DON'T THINK THEY ARE NOT OUT THERE
THEY ARE ALL OVER THE PLACE!!

If you can flip it, you can rent it

Appreciation is the name of the game in this market. If you can find something that will give you a 7% annual return on your money, AND you can rent it out for your hold cost.....

BUY IT NOW

If you can't find one, email me....I'll find it for you.......for FREE!!!

- Rick
rick@rickrapp.com