Quote:
Originally Posted by Joekerr
I think its a lot riskier than he is letting on. You never know what is behind those walls and that can turn a flip into a money draining nightmare where you lose your shirt. You can definitely make money too, but there is a not inconsiderable risk attached. Good luck with whichever way you go.
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My wife and I have moved more than I'd like to have. But we have bought well, reno'd and sold for decent profit. We have never had to sell but did so when the numbers were right. We have only been together for 16 years now, and this has worked well for us. We have talked about buying a house just to flip, we know there is money in it but risk too. I don't know if the place were in is the forever house but we are now debt free living in a pretty fine home that I never thought would be something I could afford. I guess my point is there are different ways to approach house flipping. What the TV shows do is a very full time job full of risk.