Is Flipping a house a good idea? #entrepreneur #tips #shorts #short #shortsvideo #shortvideo

23 Dec 2024 · 1 min

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0:35

Short conversational clip (YouTube short) where Steve D Valentine discusses whether house flipping is a good idea. He frames the decision around timing, cashflow (income vs. ability to hold), the degree of personal involvement required (actively flipping versus finding and selling deals), and capturing rare opportunities when they appear.

Chapters

Everybody wants to do the flips and see the pretty stuff and the profitability. The thing that is going to be really needs to be determined here is where you're at in time and space and is it an income generating thing right now or can I afford to hold this out for the what if? Right? And that's where we go through the flips. But it's also looking at, do I have to be part of the flip or can I just make money by finding deals? Right. And bringing those things in, either selling them as is or doing some of that. So that's where we're going to determine on this is like I look at this and from any agent perspective, like for you, you're not going to see a lot of these opportunities all the time, right?
It's pretty rare.
So when we do capture them, how are you going to capture it and make more money with this opportunity? Right. Most people like, oh, let's just flip it. We've Talked about this 100 times, right?
First of all, the experience and knowledge that goes into flipping is there's a learning curve there, obviously just a little bit.