Is the sweat of flipping worth it

[Account Closed]

Hi BP's

Looking for some advice.

Just read Brendan's - 7 years to 7 figure wealth.

I have a couple of flips, that are currently back on the market. Have noticed the market in Orlando has slowed down greatly.

I am an experinced renovator and completed many here in Australia but property here is now expensive so I'm looking at possibly moving over to orlando next year , to manage my flips personally and improve the time frame.

I would have to consider airfares once a year , car , accommodation / rent.

With the flips, I would have to consider Buyers agents fees , sales commissions , capital gains tax, property tax, and tax on my LLC.

Is this worth the sweat.

Or would it be better off , putting my cash towards a Multi-family residence for a long term hold. And follow the principals  of Brendan's book

[Federico Gutierrez]

BUY AND HOLD.

You have to search the AUD and USA tax treaty. Seems like you're going to have many hands into your pocket before you get paid.