Are You Able To Make Money in Flipping Properties?
Listen to Wealth Coffee Chats Podcast Now
Trading and flipping isn’t a simple process and a lot can go wrong so be prepared to be in it for the long run. Let’s Wealth Coffee Chat!
1:18 – introduction
2:55 – The idea of flipping houses
4:08 – Why it isn’t easy
5:23 – Why I don’t flip properties
6:23 – What else is fuelling the marketplace
8:22 – Buying a secondhand property
9:34 – Competing against first home buyers
11:12 – Who will pay more dollars than you?
12:13 – Buy a house and renovate it
13:39 – Stamp duty
15:10 – House flipping less profitable
15:59 – we’ll make a profit?
17:26 – You made a profit?
18:08 – What is tax?
19:09 – Flipping and trading profit
20:56 – Thats why I don’t flip
21:58 – Not for the faint-hearted
23:12 – Massive collapses in the development marketplace
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