Jasz
VIP Contributor
If you're looking to flip houses in high income neighborhoods, you may have some doubts about whether it makes sense. Why would you bother buying a house in a neighborhood where the median income is $95,000 a year when you could make more money by investing in stocks or bonds?
But that's not necessarily true. The flip market is alive and well, and investors have found ways to turn even high-priced houses into cash machines.
The reason for flipping is simple: It's often easier than looking for other investments, such as stocks or bonds, which require research and analysis before an investment can be made. Flipping also allows an investor to take advantage of rising prices without having to buy at the peak of the market. In addition, flipping allows an investor to diversify his portfolio by investing in several properties instead of just one stock or bond. And finally, flipping offers an opportunity for higher returns than other investments because flipping involves buying low and selling high - unlike other investments that require patience before they pay off.
But that's not necessarily true. The flip market is alive and well, and investors have found ways to turn even high-priced houses into cash machines.
The reason for flipping is simple: It's often easier than looking for other investments, such as stocks or bonds, which require research and analysis before an investment can be made. Flipping also allows an investor to take advantage of rising prices without having to buy at the peak of the market. In addition, flipping allows an investor to diversify his portfolio by investing in several properties instead of just one stock or bond. And finally, flipping offers an opportunity for higher returns than other investments because flipping involves buying low and selling high - unlike other investments that require patience before they pay off.
