House flipping

Yeah, let's totally distort the bottom rung of housing markets so (((investors))) can make astounding amounts of money off putting a new coat of paint on a house.

Honestly I'd rather a house not be renovated when I buy it because these flippers use the absolute cheapest material and god awful taste to just maximize profit on people who are too lazy to buy the house and renovate it themselves or through a contractor.

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You need to be pretty manipulative/persuasive to do this kind of shit. It requires a very specific mindset.

And if it turns out you don't have it, you're now stuck with a house you don't want to live in for god knows how long and may need to sell at a loss

So you're saying it's an endeavor for sociopaths?

This is the Jew telling you to buy houses now. Without mention that foreign real estate investors have sold off almost 40% of their portfolio (the mean average across the board) aka. We are heading for another 2008 bubble burst and the banks want you to buy NOW and lose. Hold off on property another 6 months to year. I am.

Yes, essentially.

I am. Believe me, there's huge down time to where you're basically just making as much money as a regular job. The market can change enough by the time you're ready to sell that it's not realistic to buy another house yet and you have to wait almost a year to find another good deal.

I work for a flipper cleaning up the trash left at houses. Some of them seem dilapidated and not worth fixing up but I guess they sell.

nreionline.com/finance-investment/are-chinese-shifting-real-estate-buyers-sellers

Sorry forgot a link. This is just one example.

I'm sorry, but you forced me to post this

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flipping houses are so 90s

youtu.be/0l20Pac9YWM

>just, like, have $200k cash bro and you can make money

Nice

>100k
Fify

>buy shitty house
>fix holes in floor/walls and paint it
>sell it for 10x what it is worth
This is why we have young people turning to socialism... They can't move out of their parents' house unless they make like $27/hr at a minimum.

Yeah okay, call me when I can buy a 0-room apartment for $70k where I live, let alone a fucking house.

>>fix holes in floor/walls and paint it
Maybe that works for your cardboard garbage homes but in real countries you'll need to actually know what the fuck you're doing.

>88k
thank me in the screencap

>You need to be pretty manipulative/persuasive to do this kind of shit.

Do you?

I think you just need to be a little better at selling your house than the previous owner.
Really this shouldn't be a thing if everybody hired a decent real estate agent (which is basically what house flippers are except they take more risk)

They're just stupid and buy dumb things.
They're trying to live like their boomer parents and wondering how are they supposed to buy a house when their parents didn't do shit until the bastards grew up.

>buying something at a low cost, investing time and labor to make it more valuable is a bad thing
Whats it like being completely retarded?

You just know for a fact that the US housing market is about to collapse if they are shilling this shit.

Why do you think our economy nearly collapsed thanks to the housing market? You can't rent a studio apartment in America (outside of 95% nigger areas) for less than $800 a month. Combined with student loans, car payments, insurance, food, utilities, etc., it's a fucking nightmare.

Oh, and if you miss a single payment in anything your credit score will be tanked and you will be unable to rent or buy any apartment/house for at least 7-8 years when that missed payment disappears.

The commoditization of housing is a bad thing. There are billion other things you can invest in, why don't you fuck off from our fundamental needs and invest in something else?

>You need to be pretty manipulative/persuasive to do this kind of shit
Not really, you just need to be willing to invest the time, manpower, and capital necessary to make a sizable return. Despite what some of the underage faggots in this thread say, flipping a house is alot more than just a new coat of paint and some fresh carpet.

I just bought a flipped house and I don't even mind. The neighbors are nice and tell me it is fixed up a bunch from how it was 8 months ago. Gave them a tour inside and they were like
>wow this is so much better, everything is changed
Yeah the house costs like $40,000 than it did 8 months ago. But I wasn't going to have the money or time to remodel it myself. Trying to live in a house while it is remodeled sucks. I paid somebody else a convenience fee of doing all the remodeling for me. And they were clearly a pro because everything is done well and the entire house has a cohesive color choice and style.

>Dont invest in the most valuable thing average people buy

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>cohesive color choice and style.
Grey and white?

THIS

>has a cohesive color choice and style
Gray and white?

I also wouldn't mind paying a little extra for a "ready to live in" house.
Might even save a few months rent.

40k is a lot though, and you can bet they did absolutely nothing structural just painting over the cracks.

Bought our house for 33k cash. We put like 1k into it, it's now valued at 70k. Thanks Trump.

HAHAHHA where do you live houses cost 70k, Chicago?

found the lefty

To be fair the market will correct this. Doesn't make it a quick thing or morally just.

I love old houses. I'm constantly looking at old houses for sale. There's nothing more tragic than watching how a stupid fucking house flipper ruined a beautiful old house by vknocking down all the interior walls to give it a retarded "open concept" and installing dumb shit like recessed lighting and popcorn ceilings.

Nope. There's deals out there, just gotta find them. Helps that my wife is a realtor.

>popcorn ceiling
To the gas chambers with them.

Flipping is nothing more than correcting the market.
If someone sells too low you might as well buy it and sell it for the right amount.

>Honestly I'd rather a house not be renovated when I buy it because these flippers use the absolute cheapest material and god awful taste to just maximize profit on people who are too lazy to buy the house and renovate it themselves or through a contractor.
Oh god yes, I just came here to post this.

>be HVAC contractor
>get a call
>it's a real estate agent looking to finish off the remodel (thanks for leaving me at the end when my job is by far the hardest to do last)
>wants a big to replace unit, ductwork, and outside disconnect
>whinges at the cost of 10k (cheap as fuck for that job)
>talk to them about who they used for their electrical, roofing, etc
>cheapest bid they could fine, want the same for their hvac
Many such cases, they'll almost always go with the cheapest bid regardless of quality and it's an absolute nightmare to deal with even if you do get the job.

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>dumb shit like recessed lighting

I would love recessed lighting.
What's wrong with it?

It's both. Demand dictates price. But I don't need to explain this to the Dutch.

This

>I love old houses. I'm constantly looking at old houses for sale. There's nothing more tragic than watching how a stupid fucking house flipper ruined a beautiful old house by vknocking down all the interior walls to give it a retarded "open concept" and installing dumb shit like recessed lighting and popcorn ceilings.
Most actual house flippers I know are young and dumb with rich parents. Open design isn't bad I have a problem with the fact they want the god damn cheapest shit and just want to make it look "modern." The old houses where I live are really amazing and have a lot of great architecture so usually modernizing a house makes it way less sturdy.

>What's wrong with it?
Nothing, it's cheap and easy to do but that's about it.

This. I'd rather buy a normal old house and renovate it myself.
>except I'm lazy and I haven't done anything except put on a coat of paint in two years
I still have flying power cables and shit, I should really start doing something

>I still have flying power cables and shit
What? Do you not have an attic?

Capital gains tax. Must be your primary residence for 2 years or you lose your ass on taxes.

Why do you think those people on the shows are always so stressed despite $50-100k in profit?

>This. I'd rather buy a normal old house and renovate it myself.
Also want to add it's a lot of fucking work to do on your own and if you aren't a tradesman don't even try unless you're willing to fork out shitloads. You'll be jackhammering your foundation to access pipes, renting a backhoe to tear up your yard to get to pipes, hanging dry wall, reframing, it's a fucking mess that can take over a year easy for a real renovation.

If you were first time home buyer what do you guys suggest? I'd like to do something like this instead of actually living in a house? Possible to live at my parents home while I worked my ass off for cosmetic fixes and some other shit?

So the bottom rung of society no longer buy shitty cheap houses to live in & fix it up over the years? (((investors))) just snag up all the cheap housing and sell it to boomers. Ah I love this economy

>investing time and labor to make it more valuable is a bad thing
Waste of time and labor that resorts in a dysgenic allocation of funds.
A house serves one purpose. A domicile to live.
It doesn't need to be improved. We don't need smart s o y houses.
We need affordable homes for the purpose of living in.

I don't even mind doing drywall, sanding, painting, whatever. There's absolutely no way I'm doing anything related to plumbing, electrical, or cement work though. I'm looking for a house in an area full of old houses occupied by ancient boomers. Basically trying to find a kind of ugly and dated house with new HVAC, etc. Lots of choices thankfully

House flippers are the scum of the earth. It's pretty lol that half you guys are tradie jews cashing in on it.

>I don't even mind doing drywall, sanding, painting, whatever. There's absolutely no way I'm doing anything related to plumbing, electrical, or cement work though. I'm looking for a house in an area full of old houses occupied by ancient boomers. Basically trying to find a kind of ugly and dated house with new HVAC, etc. Lots of choices thankfully
Those are the easy parts, the electrical is also easy but you need to know your codes since it's basically illegal everywhere to diy electrical shit. Cement is also easy.

>Basically trying to find a kind of ugly and dated house with new HVAC, etc. Lots of choices thankfully
As an HVAC/Electrician guy I would actually say you're better option is to go for a place with an old ass HVAC system so you can at least be in charge of the design, any houses with new systems are mostly bottom bidder hacked in garbage. If you get an old system you can actually get a decent contractor and have them run a manual j, d, and s and get a proper setup.

>Making something more desirable and thus more valuable is a waste of time
>A house serves one purpose. A domicile to live
Dont you think a domicile to live which has more or better amenities for the person to enjoy shouldnt be more valued? Sounds like some serious commie talk.
>It doesnt need to be improved
Thankfully non-losers dont have your shitty "good enough" mentality or we might still be living in fucking caves.
>We need affordable homes for the purpose of living in.
Then buy some land in the middle of the country and build your own cuckshed.

>House flipping is a thing again
Only two years left until the bubble bursts then?

this

How are you going to logistically going to be able to enforce that?

the remodel would have cost you like $10-15 grand. so basically you are saying how produ you are that you got jewed out of 30K

you must live in a shithole if houses are selling for less than 100K

>be boomer
>buy cheap affordable house
>make it unaffordable
>tell kids that they should get out and find a place to live
>wonder why kids hate them

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>Dont you think a domicile to live which has more or better amenities for the person to enjoy shouldnt be more valued? Sounds like some serious commie talk.
No.
Commie talk is wanting to push the price of housing so high so you have several individuals splitting the cost of one place.
>Thankfully non-losers dont have your shitty "good enough" mentality or we might still be living in fucking caves.
Straw man.
>Then buy some land in the middle of the country and build your own cuckshed
We're talking about national policy for the purpose of a nation to protect her citizens.
We should bar Jews from owning lands again and place restriction on house flipping.

If you buy, fix up, then sell, you are improving the neighborhood. If you buy then immediately sell, you are merely gambling (i.e. you are a faggot).

>Commie talk is wanting to push the price of housing so high so you have several individuals splitting the cost of one place.
Maybe move out of Jew York or San FagCISscum and youll be able to find cheaper housing. Sorry champ, you arent entitled to live in trendy urban areas.
>Straw man.
Nah 100% true.
>Why would you want windows or insulation? This log cabin is good enough and doesnt need to be improved!
>Why would you want to build a house out of bricks? This straw shack doesnt need to be improved!
and on and on and on
>We're talking about national policy for the purpose of a nation to protect her citizens.
it isnt the responsibility of the nation to coddle you cause youre too dumb, poor, or lazy to buy property

This

Not only are real estate speculators fucking up the market for everybody else, they don't even make that much money LMAO

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But that won't allow Jews/Chinks to speculate the housing market, or worsen the standard of living

The Chinese real estate market is collapsing, Chinese shitholes like Toronto and Sydney are also starting to collapse, in Vancouver house prices are collapsing but condo prices are soaring because it's the only thing people can afford, they will start collapsing once the dumb fucks realized the FOMO's into a bunch of garbage

because i rent out my bedrooms and i make $1400/month

All these fucking commies in this thread trying to take away the right for someone to make money, while keeping it legal for the elite and bankers. Go fucking rot

You have to be an asshole to charge people more than you paid for something.

>Buy something
>Invest time,labor, and capital into that something to make it better
>You should sell something you made better at a loss
Are you actually retarded?

im a welder
>no debt(other than mortgage on my house which is $750/mo/)
>no car payment, i only drive used cars i can buy in full
>cheap insurance since im 25
>earn $1400/month cash free income from a couple of retarded millenials renting my bedrooms out

you done fucked up mate.

Was with you till you shat on log cabins

"If you sell at a profit, (((they))) win."

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Can I get into this with $30,000 cash?

>What? Do you not have an attic?
It's an apartment.
I set up some flying cables while I was gonna make the new wire duct traces in the walls (BRICK walls), but then I did like half a room and then left it as is.

gee i dunno maybe BECAUSE WE DONT HAVE 150,000 DOLLARS TO BUY A SHITHOLE FOR 100 AND PUT 50 GRAND WORTH OF FUCKING MANUAL LABOR INTO
YOU EVER TRY TO FUCKING PUT COPPER PIPING BACK INTO A HOUSE AFTER METH HEADS HAVE TORN ALL OF IT OUT OF THE WALLS TO SELL HMMM

>thanks for leaving me at the end when my job is by far the hardest to do last

Wait, why is that. Not trolling genuinely curious.

so when a flipper sells a house do they get the full price + how much its worth now, or do they get how much money they had already put into it (down payment/per month morgage payments) + its new value?

Is flipping worse than being a landlord? getting real commie vibes from Jow Forums on this one. What exactly is wrong with buying a shit house and replacing the floors and drywall then selling it for market value.

You need a shit ton of cash to start

You can't exactly look like Shrek to flip houses.

Flips houses instead of cash flowing them. MFW

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foreigners mainly fucking chinks being allowed into the market are the real issue when it comes to the housing market

I know people that pay low rents on shit houses, get them clean and nice and rent them in the summer to the tourists for high price

this guy gets it. bare bottom mexican labor walmart fixtures and flooring so they house can be jacked up $50k in price for a godawful interior

pls answer

The old saying, "As California goes, so goes the nation" applies as much to the housing market as it does to other things. Quiet talk is that the market in California could crash without notice at any time (the possibility includes as soon as tomorrow) and the rest of the nation would follow in weeks to a few months.

>so they house can be jacked up $50k in price for a godawful interior
>mfw people actually buy or rent property before inspecting it first
I seriously hope none of you would actually do this.

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this.
T. landlord
AMA

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