Have you thought about flipping houses? First you need to know it’s not as easy as they make it look on T.V. Sometimes it will lead to a divorce, or worse, yes there are actually documented cases of “worse”. It’s the stress couples go through when combining work, family and a house remodel which can basically take up your life for months. Real estate investing isn’t just about looking for a good deal, it’s also about keeping a close eye on the markets, identifying market trends and deciding when to make your next move. Your first best move when investing in Real estate is to talk to the expert, a licensed realtor familiar with flipping properties. Most Investors I know buy bank owned and auction properties, and you need to make a lot of offers before finding the money maker. In 2016 I wrote offers on 113 homes for one investor. We did get a few tied up but ended up closing on just one home for a sales price of $104,300. So, after all that I received one commission check for $3100.00 for all those efforts. I figured out I made $7.36 per hour on this client. Tough call on this, do what I love and starve or do something else? I thought about that saying “love is more important than money”. Love is more important but love won’t pay the bills. I know this for a fact because I tested this theory randomly by trying to pay my bill with a hug at a gas station in Gresham, not only will the female cashier slap you she will in fact call the cops on you.
