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Updated over 4 years ago,
Is Flipping houses a good idea at this time?
Let's say that you are doing a flip with money borrowed from a hard money lender. You bought the house, rehabbed it, and at the time of selling it, the estimated ARV dropped significantly, leaving you with little profit or nothing at all to pay back the loan. Is there a way to minimize this risk and complete a successful flip? or is just flipping during a crisis a bad idea?