Is house flipping more risky than Blackjack?
I’ve made this statement several times on the BiggerPockets Podcast, and I’m a big believer that for most first-time house flippers – they would have better odds of making a fortune by playing blackjack than trying to flip a house without knowing what they are doing.
This happens to a LOT of new investors.
Because, frankly, there are a lot of factors involved when figuring out the potential profit on a flip, and if you screw up one of those numbers… well, you’re screwed.
Here’s the problem: A wannabe flipper can buy a house …read more