Can I still flip properties and make money?

If you are trying to make a quick buck by flipping properties you may find that there is a large amount of competition these days. The market is also beginning to slow down so properties are staying on the market longer and we aren't seeing jumps in appreciation like we were a year ago. Another important factor to remember is that real estate is a very locale specific asset. Research your market carefully. That said a good place to look for a deal would be lists of NOD or (notice of default). These borrowers are in danger of losing the entire property so they are very motivated sellers. Of course if they can get full price for the property in the immediate future an offer under market value will be rejected. This means you may need to hold the property for a few months to make a profit. Afterall, if you could flip it in a few days the original owner would have already done that. Always make sure you take the time to have a full inspection done as there maybe issues with the property that would lower its value. Real estate can be a risky investment but it is less subject to speculation than other asset markets and presents an opportunity to leverage that other markets don't contain. So do your research...what you see on late night television is not indicative of what you can expect from real estate investments.

Cheers,

Dr. Mortgage