“The House Flipping Business in NOT for Everyone”

“The House Flipping Business in NOT for Everyone”

 

 

 

After surviving the real estate mess in 2008, I have decided to get back into the business.

 

I have spent the past few month's getting my corporations in order and have a great opportunity set up in Providence, Rhode Island to flip lower to middle income houses. As I move forward I will be expanding into CT, MA and Ohio. I am setup to operate in all 50 states.

 

Gail and I have been flipping houses for more years than I care to admit. I wouldn’t be telling the truth if I said we made money on every home that we flipped, we have had scares. Fortunately we have weathered all the storms and continue doing them on a regular basis.

 

I have seen so many that have gotten caught up with the romance of what they have seen on TV because it looks pretty easy. I have seen so many that have paid up to $25,000 for courses and more to learn how to make millions in the house flipping business. Most fail and very few ever succeed.

 

It takes a lot of courage, time and money to take on the type of goals that the gentleman who sent me the email above has. He has a lot more courage than me that is for sure.

 

I have some very simple rules:

 

1) The profit is in the buy so that means if you don’t buy it right, you can’t sell it right.

 

2) We stay within 45 minutes of my office, maybe 1 hour but that is stretching it.

 

3) If I have to put numbers down on paper, the numbers already don’t work.

 

4) I know what the property will sell for, if not that means I don’t know the market in that area which means I am out of my element.

 

Image courtesy of Stuartmiles/freedigitalphotos.net

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 31 commentsJoe Petrowsky • February 01 2016 05:58AM
“The House Flipping Business in NOT for Everyone”
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“The House Flipping Business in NOT for Everyone” After surviving the real estate mess in 2008, I have decided to get back into the business. I have spent the past few month's getting my corporations in order and have a great opportunity… more
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“Not Having Credit Scores Doesn’t Mean You Can’t Obtain a Mortgage” Moving from Texas to Vermont was tough enough but once they decided it was time to buy a home, they couldn’t. It turns out these folks don’t have any credit scores which can be… more
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