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Are You Able To Make Money in Flipping Properties?

Sep 24, 2021 | Podcasts, Wealth Coffee Chats

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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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