Why I Hate Flipping Houses (the truth)

Описание: I hate flipping houses, and here’s why…

I TOOK MY EMPLOYEES ON A PAID VACATION -    • I TOOK MY EMPLOYEES ON A PAID VACATION  

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I am so grateful for house flipping! I started my entrepreneurial career with house flipping, and have currently made millions of dollars because of it.

I now have many other opportunities to strive for, so taking my time house flipping is time intensive, as well as capital intensive. House flipping requires a lot of capital raising, so a lot of house flippers are actually cash poor. This shouldn’t become problematic, but should be monitored closely.

House flipping also requires a lot of labor. I currently have 30 flips requiring construction. This is a difficult task because the labor market is so low that many contractors are turning down jobs! For wholesaling, you may have an issue with the labor market as well. In order to scale a wholesaling business, you need employees and a good COO.

I also hate the market constraints for house flipping. To double the way I scaled my house flipping business, I would have to spend significantly more on getting a bigger team, marketing, etc. If we continued scaling, eventually we would have to expand into another market.

House flipping is also risky. You have to take in more and more debt and that’s a huge risk for some. Something to consider to the risk to reward ratios.

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