I would assume money can be made. You have no luck? Or???There’s so much more than just fixing up and making a profit. Please talk to a CPA, there are and will be tax consequences.
Made millions on scouting, and now want just a hobby job like house flipping. Something to spend time on.If I Was Making so much Money I Couldn't Spend it all off of Wyoming Bucks & Their GPS Coordinates I Wouldn't Be F'N Around With Houses!
Have You Ever Thought About Starting The Same Type Of Business here in TARDville?
There's Many a TARDS that will Pay Big Bucks for a Big Bucks Location!
Just Wondering if You've ever Considered it?
There's always Nevada!
Idaho!
New Mexico!
You Could Be Making New Friends Everywhere!
Made millions on scouting, and now want just a hobby job like house flipping. Something to spend time on.
There’s only so much time for scouting anyway.....about 2 months. I’m pretty confident I’ll still be doing some of that this summer and maybe beyond. I do provide consulting for other areas, I just focus on WY because I’ll already be there scouting for myself and because I like the backpacking and I know it very well.Come On!
Tell us How You Really Feel?
Making Money in the Back Country Damn Sure Beats Messin around with Houses!
I Do Know Several People Out Here that Build a New House!
Then a few years Later they Sell it!
And then Build another House!
And Keep repeating the Process!
But If they are Financing them I Don't See How You could Make much money on them considering the Interest rates?
But Hell I Don't know?
Exactly. Without having dug into it at all, I’m guessing I’d need to be a licensed realtor.One More Thing?
With the Shortage Of Housing on the Wasatch?
I Can See How You'd easily be able to Flip the Houses!
And Probably for Damn Good Money!
But Can You BUY Them Reasonably?
Being a licensed real estate salesman, legally you have to sell through a real estate broker, and he gets part of the commission too. My Dad became a broker and was able to operate alone. Those goofy laws again. This is California and your state may be different.The realtor fees is why I was thinking that being a licensed realtor would be worth that investment. I don’t know, I guess I’d have to compare time and cost of becoming a realtor with the fees I’d pay if I’m not.
I’m sure there’d be some boobing about that too!Just do some house scouting then sell the coordinates to the trophy homes for a fee
boobing??.....can I post a pic?
Sounds like you’re really cranking away.I've been in real estate 15 years now, started out part time and worked a 2nd shift job. For the past 5 years its been my full time gig, but I do work 7 days a week at it, 10-12 hrs a day. I've been doing 5-6 a year. Getting ready to start on my 4 house this coming week already. In Maryland the contractor gets his general building permit, then all my trades guys get their permits, its super easy. When you have a good reputation all the inspectors are great to deal with. I love what I do.
Now let's not go there Founder, you need a license to do this work.....You can't just go and tell someone where to do the work That's wrong you need a professional license to do that...Just sayin....LOL ASk BuzzI would assume money can be made. You have no luck? Or???
2 types of flippers.
1- buys the house. Actually fixes what's wrong, including bad HVAC design, bad wiring, bad plumbing, asbestos, mold, etc. Creates a good home for someone.
2- finances the house, hires the bare minimums to be done, let's the subs sit 90 days to while the house sells so there is no out of pocket money. Far more of this type.
Also. You will smell like fresh blood to every sub that you hire. It's 100% obvious when folks ACTUALLY know about a subject vs think They know. And they know the games, shortcuts, etc. You will take an azz whooping on your first one.
Reality is the money in flipping is actually being able to do the work. Hiring everyone just makes you the bank.