Article: Is Flipping Property As Easy As The Tv Shows Suggest?

Discussion in 'Buying & Selling Real Estate' started by longtermbull, Jan 29, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    The US real estate market is one of the largest in the world offering a massive variety of different properties and investment opportunities. From foreclosures to the luxury end of the market, with Celine Dion recently reducing the asking price on Jupiter Island estate from over $70 million to $38.5 million, there is something for everybody. This has prompted a massive increase in the popularity of property reality TV shows with many now showing a significant interest in “flipping properties”.

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  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    There are many uncertainties and possible challenges and pitfalls that one must be aware of. It can be very profitable, but it is definitely not without risk - liquidity risk, fluctuations in values, possible challenges in being able to sell high in a timely manner or buy at a reasonable price from a seller...

    Possible hidden issues with the condition of properties, or with tax, ownership, or other legal issues that can pop up with the current or even past owners of properties you want to buy...

    Finding qualified buyers and renters, being able to pay any mortgages, property taxes, insurance, etc easily on any and all properties, etc.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    I totally agree, there are traditional risks when looking towards long-term real estate investment. These risks, and others, are magnified if looking for a short-term flip. However, if you do get it right there is potential for significant returns in the short term :)
     
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