Comments on: Learning the Difference Between Flipping and Real Estate Investing http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/?utm_source=rss&utm_medium=rss&utm_campaign=learning-the-difference-between-flipping-and-real-estate-investing Real Estate Investing Through Purposeful Planning Sun, 20 May 2012 02:11:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BawldGuy http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3949 BawldGuy Mon, 31 Aug 2009 16:38:21 +0000 http://www.bawldguy.com/?p=2876#comment-3949 303 -- First of all, great freakiin' job!! Your point about investors, no offense, is irrelevant. Just as you are doing so well, investors crap out too. That wasn't the point of the post. Have you both quit your day jobs? 303 — First of all, great freakiin’ job!!

Your point about investors, no offense, is irrelevant. Just as you are doing so well, investors crap out too. That wasn’t the point of the post.

Have you both quit your day jobs?

]]> By: 303residential http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3948 303residential Mon, 31 Aug 2009 05:34:17 +0000 http://www.bawldguy.com/?p=2876#comment-3948 Wehave been flipping for the past 6 years. Last year we bought & sold 102 properties & we are on track to sell more this year (74 closed & 15 U/C for Sept.. I personally would rather continue flipping all of my properties not knowing when the market will bottom out. I have seen a few groups of investors create big portfolio's of rental properties go bankrupt. I agree that the long term investment is a smart move, but as a full time job I can continue to bankroll profits into more houses. Wehave been flipping for the past 6 years. Last year we bought & sold 102 properties & we are on track to sell more this year (74 closed & 15 U/C for Sept.. I personally would rather continue flipping all of my properties not knowing when the market will bottom out. I have seen a few groups of investors create big portfolio’s of rental properties go bankrupt. I agree that the long term investment is a smart move, but as a full time job I can continue to bankroll profits into more houses.

]]> By: BawldGuy http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3947 BawldGuy Fri, 28 Aug 2009 16:00:46 +0000 http://www.bawldguy.com/?p=2876#comment-3947 This isn't about how to be a successful flipper -- this is about what happens when flippers are successful. The advice given to flippers doesn't take into account what happens when they've created a successful machine. The trap awaits them. This isn’t about how to be a successful flipper — this is about what happens when flippers are successful. The advice given to flippers doesn’t take into account what happens when they’ve created a successful machine. The trap awaits them.

]]> By: teh_homepwnerer http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3946 teh_homepwnerer Fri, 28 Aug 2009 06:08:35 +0000 http://www.bawldguy.com/?p=2876#comment-3946 A smart investor has already accounted for the market before purchase. This goes for buy and hold investors and is true for flippers. Flipping gets a bad wrap - mostly because novices try it, fail, and cause others to either become scared or worse, jump in too fast. Keep it simple. Learn to do comps. Learn to evaluate rent rates. Learn to calculate cash flow. And finally - learn to just get out there. Best two words I can say are "Calculated Risk" teh_homepwnerer A smart investor has already accounted for the market before purchase. This goes for buy and hold investors and is true for flippers.

Flipping gets a bad wrap – mostly because novices try it, fail, and cause others to either become scared or worse, jump in too fast.

Keep it simple. Learn to do comps. Learn to evaluate rent rates. Learn to calculate cash flow. And finally – learn to just get out there.

Best two words I can say are “Calculated Risk”

teh_homepwnerer

]]> By: BawldGuy http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3945 BawldGuy Thu, 27 Aug 2009 22:49:39 +0000 http://www.bawldguy.com/?p=2876#comment-3945 Robert -- You're right, of course. Problem is the flipper so often doesn't have that on their menu. When flipping is just another 'wing' of an investor's portfolio it works as a stand alone endeavor. The investor can then Plan, using more tools/options than the poor guy who realizes his only option is to sell, pay the taxes, and do it again as quickly as possible. Robert — You’re right, of course. Problem is the flipper so often doesn’t have that on their menu. When flipping is just another ‘wing’ of an investor’s portfolio it works as a stand alone endeavor. The investor can then Plan, using more tools/options than the poor guy who realizes his only option is to sell, pay the taxes, and do it again as quickly as possible.

]]> By: BawldGuy http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3944 BawldGuy Thu, 27 Aug 2009 22:45:53 +0000 http://www.bawldguy.com/?p=2876#comment-3944 Chris -- I love that! :) Chris — I love that! :)

]]> By: Robert Coté http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3943 Robert Coté Thu, 27 Aug 2009 18:28:14 +0000 http://www.bawldguy.com/?p=2876#comment-3943 <i>Is there a strategy for the flipper to get off his deadly treadmill? </i> Yes and no. If the flipper doesn't change then no but if the flipper does what they should have been doing all along then yes. Flipping still works. Probably works better than many recent strategies. The transition off the treadmill is to accumulate. Keep a few of the better cash flowing properties. Just because you are in the RE industry doesn't preclude you from investing in the RE sector. Is there a strategy for the flipper to get off his deadly treadmill?

Yes and no. If the flipper doesn’t change then no but if the flipper does what they should have been doing all along then yes. Flipping still works. Probably works better than many recent strategies. The transition off the treadmill is to accumulate. Keep a few of the better cash flowing properties. Just because you are in the RE industry doesn’t preclude you from investing in the RE sector.

]]> By: Chris Lengquist http://bawldguy.com/learning-the-difference-between-flipping-and-real-estate-investing/#comment-3942 Chris Lengquist Thu, 27 Aug 2009 18:12:11 +0000 http://www.bawldguy.com/?p=2876#comment-3942 I'm not even going to comment on the idea of flipping as real estate investing. Nor am I going to comment on the fact that I received an email yesterday from an unnamed source titled "How to invest in real estate even if you are bankrupt." I’m not even going to comment on the idea of flipping as real estate investing. Nor am I going to comment on the fact that I received an email yesterday from an unnamed source titled “How to invest in real estate even if you are bankrupt.”

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