Long term viability of flipping and wholesaling

[Sean Brennan]

Hey y'all,
I have been spending alot of time lurking on here, listened to the podcast, and I am now listening to the audio from the BP Summit. I have also read alot of J Scott's 123flip.com and I just ordered Marty Boardman's book. I also plan to start attending investor club meetings and networking events soon. However, I just have a nagging question I need answered: Are flipping and wholesaling viable long term strategies in any market? Or are there periods in market cycles where this work could evaporate for 2-3 years? I can understand a few months slow here and there... but, for example, is this stuff just really hot right now because of the cycle we are currently in...

Maybe I am just being glass half empty but I would love to know if a competent, smart, hard worker with integrity can make money doing this stuff in all market cycles... Any insight from people who have been doing this for a while would be appreciated!

[Chris Clothier]

Hey Sean -

That is a natural first question to have so I don't believe you are over-thinking, just make sure you don't let your questions become self doubt. There are always going to be investors who find success because of the timing of the market who have difficulty sustaining a long-term business. But, over-all, real estate investing is strong in any economic cycle. There will always be room for smart, hungry, dedicated professionals to invest whether they are fixing run-down homes for resale, locating homes and wholesaling them to other investors or simply providing some form of those services. The cycle does not necessarily dictate IF these services will continue, it DOES affect who will be the most effective and successful.

Keep moving along the path you've laid out. Surround yourself with great educational material and look for good advice from your local investors who are finding success.

Best of luck - Chris