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/biz/ - Business & Finance

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53194446 No.53194446 [Reply] [Original]

How much money can I make from flipping houses if I do all the work myself?

>> No.53194477

Or should I do an IT job?

>> No.53194527

>>53194446
Stop posting this shitbox.

>> No.53194579
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53194579

>>53194446
>spend $140k on ghetto broken down home
>spend another $20k on purchasing materials to repair and remodel home
>have to deal with fines and tax issues in presale
>have to hire a lawyer
>do back breaking work all day to repairs
>hope to God no vagabonds break into home
>barely break even after sale

>> No.53194776

>>53194446
>buying a home right now
try reading a newspaper every now you fucking retard

>> No.53195440

>>53194446

There's no deals to be had flipping the market is ridiculously overbought.

>> No.53195458

>>53194446
Let's see, when tiktok thots and realtors are bragging about how flipping houses is easy money, that might be a top signal.

>> No.53195477

It is unironically cheaper to not do the work yourself if you already have a regular job.

>> No.53196414

You would probably lose money servicing debt and sell for a loss as well. Get a building and fill it with tenants.

>> No.53196441

>>53194446
my brother and I buy lots in private neighborhoods. Rich people in my country keep flocking there, so we just buy lots and then resell them to desperate citycucks willing to move

>> No.53196444

>>53194446
What's up with these flimsy american houses, they look like something straight out of a cartoon

>> No.53196893

>>53194446
non right now
housing going to go down big over the next two years
but go ahead be someone's exit liquidity