If you’ve watched the popular TV flip shows, I’m sure you’ve thought about the prospect of jumping in yourself to make some fast cash.
Here are some things you may want to think about before taking the leap.
Where are the soft costs? Insurance, taxes, utilities, commissions, finance costs. Figure 2% to buy, 8% to sell, 3% to finance, and 2% per month to carry. The returns look alot slimmer when these costs are accounted for.