William Bronchick has a new article on why flipping is still a great way to make money in real estate.
Finding an undervalued property is what seasoned flippers do best, according to Bronchick.
My Dad, who has been a real estate investor and landlord for 50 years, agrees.
“Find a property with a little something wrong with it and fix it,” Dad says.
What caught my eye about Bronchick’s point is that even if you get stuck in a deal that doesn’t exactly work out like you wanted, keep the property and rent it out for a while. You can sell it later when market conditions improve.
Bronchick goes on to talk about the rental market being counter cyclical which means you can still generate good income from a bad deal as long as you know what you’re doing.