Flipping Vegas – A Money Making Idea

[ResidentEvil7Participant 9547]

A few weeks ago I was watching this show for the first time by accident called “Flipping Vegas” on I think HGTV, and it’s on right now on FYI, and it gave me a good idea. Flipping houses for money. If this show is telling the truth, the guy and his wife named Scott and Amy, they buy up fixer upper houses or foreclosed houses cheap, has his contractors fix them up and resells them during an open house. Usually he makes between $20K – $80K on a house investment. I’m thinking, there’s an idea, but then again, the downside is money up front, which I don’t have. Plus, the show makes the construction process look real stressful, aggravating, time consuming, full of strict deadline pressures and conflicts. Those are things I wonder if it’s worth all that frustrations to make big money on a real estate investment. I don’t know, I never done it before. Right now I flipped a computer which I built 2 months ago, and it’s not doing well at all on eBay. I’m flipping a computer, but I wonder if I can flip a house better or worse than a computer.

https://themanszone.webs.com/

[RoyDalParticipant]

It can be done. I know men who buy houses (strictly speaking I used to know these men in days gone by). They fixed the houses up, and sold them; and they made a decent living doing it.

They saved money by doing most of the work themselves (hence, the term ‘sweat equity’). If they have to rely on contractors, it cuts deeply into their profits: food for thought.

What worked for me is spending the same up-front money on a rental property and keeping it after the sweat equity fix up. Keep the house or duplex and rent it out. Get another, fix it up, keep it, repeat until the rents match the income from your day job — yes, don’t quit your day job until you are fully established. That’s what worked for me. That’s how I ‘retired young.’

Society asks MGTOWs: Why are you not making more tax-slaves?

[Author]

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