Comments on: Flipping Houses - The rehab located in Johns Hopkins Biotech. http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/ Let's talk house flipping, real estate investing, trading and taxes all in one place. Tue, 07 Feb 2012 20:50:11 +0000 http://wordpress.org/?v=2.3.2 By: fliprent http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-44 fliprent Mon, 21 Apr 2008 18:42:36 +0000 http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-44 Hi Tom, I hate to sound like a cliché but I believe the sky is the limit in Real Estate investing but the money may not come in right away. I can honestly say that I made more than 50k on my first fix and flip and it took me less than 6 months from purchase to sale. The market has changed quite a bit from a couple of years ago, so I don't recommend quitting your job right away. If you want to fix and sell houses (what I call a flip), start while you are employed and hire a contractor to manage the job. If you have time to be at the property daily then you can manage it yourself and sub out the work. Remember that you make money when you buy, so buy low! I’m not sure that you want to look at flipping houses from a purely statistical standpoint because every market is different. Investors in Charlotte NC may be making much more than investors in Miami FL. If you really want to know, then research the area that you plan to invest in. Take a look at Torto Wheaton for some of your research. There are other places such as your local public library, where you can find the stats you are looking for. Good Luck! Vernon Hi Tom,

I hate to sound like a cliché but I believe the sky is the limit in Real Estate investing but the money may not come in right away. I can honestly say that I made more than 50k on my first fix and flip and it took me less than 6 months from purchase to sale.

The market has changed quite a bit from a couple of years ago, so I don’t recommend quitting your job right away. If you want to fix and sell houses (what I call a flip), start while you are employed and hire a contractor to manage the job. If you have time to be at the property daily then you can manage it yourself and sub out the work. Remember that you make money when you buy, so buy low!

I’m not sure that you want to look at flipping houses from a purely statistical standpoint because every market is different. Investors in Charlotte NC may be making much more than investors in Miami FL. If you really want to know, then research the area that you plan to invest in. Take a look at Torto Wheaton for some of your research. There are other places such as your local public library, where you can find the stats you are looking for.

Good Luck!

Vernon

]]> By: Tom http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-39 Tom Fri, 18 Apr 2008 14:54:30 +0000 http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-39 I am a graduate with a Master's degree in Statistics. I am really thinking seriously about getting into flipping houses because I just wanted to know more about real estate and the potential financial freedom it offers. But I am also trying to compare this with just a regular job, where I may make 50K relatively easy. How much does a real estate investor get, the range, mean, and median? Thanks if you are willing to share the information. I like your blog very much. Feels more real than reading real estate investment books. Tom I am a graduate with a Master’s degree in Statistics. I am really thinking seriously about getting into flipping houses because I just wanted to know more about real estate and the potential financial freedom it offers. But I am also trying to compare this with just a regular job, where I may make 50K relatively easy. How much does a real estate investor get, the range, mean, and median? Thanks if you are willing to share the information.

I like your blog very much. Feels more real than reading real estate investment books.

Tom

]]> By: fliprent http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-4 fliprent Sun, 24 Feb 2008 00:41:48 +0000 http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-4 Too many to write in a comment...LOL :-) Good idea for a post. To name a few, inspectors, runaway contractors, city politics, going way over budget, real estate market, the list goes on... Too many to write in a comment…LOL :-) Good idea for a post. To name a few, inspectors, runaway contractors, city politics, going way over budget, real estate market, the list goes on…

]]> By: poweruser http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-2 poweruser Fri, 22 Feb 2008 23:45:53 +0000 http://www.fliprent.com/2008/02/01/flipping-houses-the-rehab-located-in-johns-hopkins-biotech/#comment-2 This is interesting. What are some of the pitfalls you've run into so far? This is interesting. What are some of the pitfalls you’ve run into so far?

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