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Updated about 9 years ago,
Is the sweat of flipping worth it
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