Anyone here who earns a living via flipping?

[X2]

Re: Anyone here who earns a living via flipping?

@kookycroaker

Thank you all for sharing your experiences. It seems like this cannot be relied upon as a steady source of income. Unless, of course, one gets committed, and works from an office/shop.

It depends on the market conditions. I was late to the game and stayed out because of seeing massive losses for people in know in real estate slow down in canada back in early 90s. some people I know made out like bandits. Others stayed in the market too long, ended up highly leveraged holding properties which lost value and were wiped out.

It is indeed possible, people are doing it right now, but it is not easy.

I am actually looking to buy condos by my old university as rental investment properties but it has to be right property, they are always rented out, but wear and tear can be high depending on who is renting it. so no intention of flipping it, just holding it.