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Real estate
Does flipping properties in low income neighborhoods pay off?
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[QUOTE="Jasz, post: 279775, member: 61772"] You can make a lot of money flipping houses in low income neighborhoods if you have the right business model and the right skills. The first thing that you need to do is find a good deal on a house in an area that's relatively safe and stable, but still cheap. You don't want to buy a house in an area with high crime rates or where there are lots of abandoned properties because then it will be very difficult for you to sell the house at any kind of profit. The next thing that you need to do is come up with a plan for how you're going to flip houses in low income neighborhoods. Most people think they can just go around and buy up all these houses and then flip them, but that's not going to work. If your goal is just making money, then this might seem like a great idea, but it's not very realistic. First of all, there aren't enough houses for everyone who wants one; second of all, there are probably going to be other people who have the same idea as you do, so then what are you going to do? You'll end up competing with each other instead of creating any kind of value for yourself or anyone else who wants to sell their property. [/QUOTE]
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Does flipping properties in low income neighborhoods pay off?
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