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What’s interesting is that this article seems to insinuate flippers as holding onto houses for 5 years. Then they go on to say the maintenance and mortgage paym
by SamuelAdams 4y ago
What’s interesting is that this article seems to insinuate flippers as holding onto houses for 5 years. Then they go on to say the maintenance and mortgage payments eat into the profits.
Well yes, of course that is an issue. But most flippers I’ve seen in my neighborhood only own the property for a max of 3 months. They make cosmetic changes and maybe some core changes (new roof, hvac), then turn around and sell it in less than a week.
Most flippers are not holding onto property for 5 years. That’s just regular people living in houses.