Quote:
Originally Posted by taylor192
Exactly, and when you own and have to sell/buy another home cause you have to move, downgrade due to loss of a job or stay-at-home mom, or upgrade due to large family, .. you're taking a 10% loss on the house you sell, and another 2-3% buying the next house.
There was a study done that showed someone who flipped houses 3 times in the last 10 years made very little after all the fees.
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I think that alot of people think that is really easy to flip houses and make tons of money, but I know people wh have actually lost money trying to flip properties.. one person I know who sold a property for 50k more than what they paid within a couple years, but in the end only made around 10k due to carrying costs, realty fees, etc...