If you’re reading this, you probably know that house prices are rising and there aren’t as many people selling as you’d like there to be. Actually, I’m writing this because as of 12/17/15, the Feds hiked up the interest rate and this affects you, me, well…everything. So with all of these things combined, real estate investing and house flipping gets tougher to do.
With reality television shows out today like Rehab Addict, Property Brothers, and Flip or Flop (my favorite), it’s also more competitive today than it’s ever been. Basically, everyone and their mother wants to get into house-flipping.
So what does this mean to you? Well, it means one of two things:
- If you’re just getting into house flipping and don’t know what you’re doing, you could do a lot of damage and lose a lot of money VERY QUICKLY.