Hi Account Closed thanks for starting this thread, just a quick question, with lending drying up seemingly overnight, what are your thoughts on purchasing flips in this immediate market?

Its not going to happen over night for anyone starting out but it can happen.I think there is just a little too much doom and gloom in this thread (again, it could be a reflection of the time when the thread was started).Just my 2 cents, that and a 5 dollar bill will get you a cup of joe.

Our country would go bankrupt overnight!

If you're looking for someone who will teach you all the ins and outs of this business, then you need to go to some guru's $5000 boot camp.

If you are determined and focused and accept the fact that becoming successful is not easy and happens overnight then you will make it.

We lived in our Oceanside rental for 2ish years before renting it out while my husband was stationed at Camp Pendleton and it has been awesome for us newbies.

I'm in Bergen County and it seems that all the meetups I know about are always on Wednesday nights, the one night I have my kids overnight every week.

I am 21 years old, and have been working for camps since I was 14.

Look at places like Oahu where overnight 90% were made illegal.2, SFHs are dollar for dollar very inefficient, financing is easy and they are more liquid but your most valuable asset is time so if you go into STRs and SFHs you could find yourself at a loss of years before you gain traction.3, Watch what the big players are doing (I know that some hedge funds are buying SFHs but not at the rate as large multi-family)4.

I wouldn't want to (as an owner) hope that you could scale up overnight.