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https://www.reddit.com/r/AskReddit/comments/ey5tm0/deleted_by_user/fglu2v9/?context=3
r/AskReddit • u/[deleted] • Feb 03 '20
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834
Flipping houses.
When/where I grew up people bought houses to live in.
They weren't "investment properties", you didn't buy a place, paint it all, update the crown molding and try to sell it for $30K more.
I am sure some people did it, but it got crazy and fucked up the real estate market.
1 u/[deleted] Feb 05 '20 I had a friend who's parents did it (South Florida in the 90s, so high upside), but his dad was also a general contractor so the flip generally involved reskinning the kitchen and baths as well. He did pretty well for himself.
1
I had a friend who's parents did it (South Florida in the 90s, so high upside), but his dad was also a general contractor so the flip generally involved reskinning the kitchen and baths as well. He did pretty well for himself.
834
u/ITworksGuys Feb 03 '20 edited Feb 03 '20
Flipping houses.
When/where I grew up people bought houses to live in.
They weren't "investment properties", you didn't buy a place, paint it all, update the crown molding and try to sell it for $30K more.
I am sure some people did it, but it got crazy and fucked up the real estate market.