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Updated over 6 years ago on . Most recent reply

User Stats

42
Posts
6
Votes
Mike S.
  • Cambridge, MA
6
Votes |
42
Posts

Flip Vs Stocks. What's more risk?

Mike S.
  • Cambridge, MA
Posted
Flipping in any major city requires a lot of money. in Boston you at 500k to get into a condo. then 1 million for house or multi if your lucky! Most people forget about "small" things like carry and stamp costs etc. When they go to sell they underestimated costs and time become super stressed. Maybe they made some profit or maybe nothing or worse... Assuming you are in a major city where it's expensive and assuming you have your construction/architect/re/engineer team and know your construction and real estate inside and out trying to do a small flip in under a year (not buy hold) do you think your better off in the stock market? Curious to hear others opinions. Mine would be it's kinda no different... most people cant grasp the costs and get burnt out when surprises in constructions come up. Getting something on market costs so.much these days... you might be better off in stock market or better yet just buying and holding (little to no reno) and selling in a few years

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