Is flipping dead? - Posted by markus

Posted by JoeS on April 09, 2003 at 20:31:17:

If they have “moved your cheese then you have to lace up your running shoes and find some new cheese!”

Is flipping dead? - Posted by markus

Posted by markus on April 09, 2003 at 17:49:27:

Seminar guru recently told our group that flipping these days is dead and buried, at least in So Cal. Of course he was advocating his “real estate network” B&H strategy. A co-worker has looked at at least 30 properties in an attempt to find a potential fixer/flip - no go. Several pro investor agents I’ve talked with recently are sounding rather gloomy about this market for flipping. I haven’t reached any conclusion since I’m not informed / experienced enough yet to know what’s what.

Is this kind of thinking rational for today’s market in So Cal? Are there really undervalued SFH’s or is this just not the right time for this strategy?