WHY “FLIPPING” USUALLY FLOPS?

It happens about once a week – I’ll get a call regarding a listing – could be mine – could be someone else’s – wanting to know about the property’s “flip” potential. My usual response is “I never recommend attempting to flip a property” Notice I use the phrase “attempting to flip”. That’s because it rarely works out well, - and in some cases, can be not only more than what you expected, but financially disasterous....