Re: Neighbor Overpriced House Not Selling
Posted by:
volitile market
()
Date: April 22, 2018 09:20AM
Gacstr3 Wrote:
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> He needs to raise the price back up. Everyone is
> bailing from California and real estate prices
> everywhere are exploding upwards. I just flipped
> two houses and pocketed 210k and 277k in profit.
Got a hold of Marvin Gardens huh? Saving up for a 1080 Graphics card are we?
I hold some land now but got out of houses in 2007 after tripling my money in just 5 years of flipping - made about 10 million. I saw the bubble long before everyone and cashed in. I even invested a few million back in 2012 when the market bottomed out. For the most part Im out of residential or commercial positions as real estate is going to be very flat for some time.
This freed up capital for a heavy position in Cryptocurrency in late 2012 which I sold for 5000% appreciation in late 2017. Got out of that before New Years. Its all about timing and leaving a little at the end of a boom for the next guy. I drive regular cars by the way.