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Updated almost 6 years ago on . Most recent reply

User Stats

47
Posts
35
Votes
David Lant
  • Investor
  • Garrison, NY
35
Votes |
47
Posts

What's next after flipping?

David Lant
  • Investor
  • Garrison, NY
Posted

I've been flipping houses for a few years now and I've done around 20 flips which in turn have allowed me to buy rental property's.

But between me burning out on flipping and the low inventory and the massive numbers of flippers and the low returns, I'm not seeing a solid yearly salary I can pull in from it.

I am planning to buy some short term rental properties but any money pulled in from them will not be touched for around 8 years.

So I'm trying to figure my next step in my real estate career

I need to make money to keep me afloat over this period.

And please don't read this as I'm not grateful for what I have. I've worked super hard to get to this position and I count my blessing daily. I just really want to keep the momentum going.

Thanks

Most Popular Reply

User Stats

953
Posts
908
Votes
Peter M.
  • Rental Property Investor
  • DFW, TX
908
Votes |
953
Posts
Peter M.
  • Rental Property Investor
  • DFW, TX
Replied

Become a flipping Guru, hold seminars, sell DVDs, books, and bootcamps, annoy everyone with constant marketing, stop paying taxes, flee to a non extradition country and live out your life in fear of Uncle Sam finding you. 

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