The Super Official Homeowners Thread

[ScottyB]

You can make flips work in this area but you need to be buying at short sale/auctions and be your own GC on projects and have the license.  

i have a good friend up there in DC who flips places for a living and does very, very well.

but.

he started out with a successful career for a couple years at booz, focused only on that.

and his father in law is a big time GC in roanoke and taught him the ropes + bought in with some startup money.

and his wife is a successful realtor, and knows what properties to have an eye on the second they hit the market.

if it was just him, single man or with no connections, that whole operation would have taken far longer to be successful....if at all. and its tough work, you've gotta make staying on top of your subcontractors a day job for that to work.

you really gotta WANT to come home from work, and then go back to work again...on your own place that you're trying to live and relax in.

frankly, i think you'd make more money by living in a shop building and buying, restoring, and flipping E36 M3's and Z coupes.