Real Estate Obsessed

[Cindy Gerson]

I have been obsessed with RE for most of my life, buying my first property at 22. I was flipping before that was a coined phrase. I called myself a house gypsy, improving, redesigning and moving on. My specialty was dead inventory, the longer the better. I once purchased a house that had been on the market 4 years and sold it in a year for $50K profit (this was 1997) .

I had children and needed to grown thicker roots for a bit, so took a hiatus. As well as I wound up in higher end RE, which is just frankly more expensive to flip, which frankly demotivated me for a bit.

I'm now in the position to start investing with out having to house hack, and looking and learning the ropes.

[Cindy Gerson]

Originally posted by @Steve Vaughan:

Welcome back @Cindy Gerson!  A rare treat to have such a 'pre-seasoned' investor back in the game.  Do you think you will continue flipping?  Glad to have you! 

 Yes, I think flipping. Originally thought buy and hold, but I live in a pricey market and think buy and hold numbers are hard to make work. I have an offer in now, we'll see how it goes. The numbers are good, but wound up being multiple offers. They asked for best/final gave the top I could pay- my terms were great, but I was still 35 under ask. So we'll see. I was super conservative on my numbers 1.) because it really is my first 100% flip 2.) I offered no contingencies,  no inspections.