House Flipping is Back. According to the National Association of Realtors, house flipping in the first half of this year, increased 25% compared to last year.
The areas that fared the best:
Phoenix (the most), Las Vegas, Los Angeles, Miami and Atlanta.
My experience, I bought a property in 2006, I bought the property right, low price. Tore up, fixed, repaired, spent hours, made pretty, marketed and sold a year later. No money made, but lots' of experience gained. Would I do it again? Nope. Maybe, one day when I slow down. Was it worth it? Yep. You can't buy experience, you must experience --- to get experience. I made countless memories with my husband, and my parents, working together. We laughed alot and we stressed alot.
So, remember the show "Flipper"... I most certainly do. He was a happy dolphin. Guess what? I was soooooo happy when I sold my flip...per!