Thread: Do you think you can still flip in today's market?

Do you think it is possible to still make money flipping houses in today's real estate market?

I know a few people who are still doing it and making money. They say it is a lot harder now.

I flipped a house before the market went crazy, but now I am a little apprehensive about flipping again because I don't want to hold the property for 6 months

You can flip houses at anytime. You make the money when you buy.
So, before you had to buy at 60% or 70% of FMV to flip. Today, you need to hit the 30% or 40% of FMV to flip...

You can flip in any market no matter where you are. The question is, what LTV or value does the home have to be at in order for you too?????

Yes, you still can. Chances are you won't make as much money, but it is still possible. It's also harder to buy homes that are priced way below FMV because there is more competition on the super cheap properties.

Hey flipping is not a problem with any market, but the market movements, market trends matter. If market is volatile then flipping is good, but if market is in consolidation, then you can not make any profit.

There will always be a market for flipping houses and properties in general. The real question is how prevelant it is and how hard is it going to be to find a great investment and flip it (and of course the more people doing it, the easier it will generally be).

The market is changing every time & the flipping of houses will always be there and if the market is stiff than there is problem in flipping of houses. So its better market should be volatile.

The tricky part is the tax implications - and how expenses/capitalization works. If you're flipping a home here or there it seems it's easier to expense items related to fixing it up.
But if you're doing it as a full-time business, it changes how you track your costs.