Hey man, is it a good idea to start flipping houses right now rather than in 10 years or so? I am 21 and have enough money to buy a house, but I am not sure if I can make more money buying/fixing/ and then selling, or keep on increasing my bank account money+stocks. I know the interest rate for bank accounts are like 3% = shit, but I'm just thinking weather or not it would be better to flip houses or use my bank account/ CD to gain interest. Please lmk what you think. Thanks
Flipping to other investors is very lucrative right now. I've done better doing quick flips than fixing up to resale
alabamainvestor 3 years ago
Hey man, is it a good idea to start flipping houses right now rather than in 10 years or so? I am 21 and have enough money to buy a house, but I am not sure if I can make more money buying/fixing/ and then selling, or keep on increasing my bank account money+stocks. I know the interest rate for bank accounts are like 3% = shit, but I'm just thinking weather or not it would be better to flip houses or use my bank account/ CD to gain interest. Please lmk what you think. Thanks
d2paintballer 3 years ago