/biz/ - Business & Finance

>>11862392
> taking a big loan
Unlike most investments, real estate requires servicing (property tax, insurance). That isn't necessarily prohibitive but servicing a loan on top of it is is you don't have capital reserves.

> enough to flip
Now you're talking about houses, not "houses/land." "Flipping land" would probably require inside knowledge of future development.

I know it's been almost 10 years but there are tons of amateurs who got involved in flipping (usually entering the market through scam seminars) and cratered back in 2007/08.

If you can't afford to float a house for at least a year (probably longer) from straight cash, you won't be the guy that flips houses. You'll be the guy whose house was repossessed and auctioned and flipped by someone else.