More likely I'd have sat on the couch and watched TV.

I have only seen mortor pans built on TV.

Just think about all those blockbusters movies and TV shows circling the globe.

Unlike the "Flipping" shows on TV, people can and do lose money flipping.

It is a better way to compare apples to apples and take financing differences out of the picture.

I seen him on TV and my brother bought some of his stuff a couple of years ago, even though he didnt do anything with it.

If you're just watching TV, internet, etc in your "spare" time you're not doing anything constructive.

From what I have seen the market for these has not moved too much, maybe they're selling for a 7-8% cap now with 20% lower revenue (rent reductions, or more occupancy), versus a 5.5% or 6% cap before.I agree with economics fully, but there seems to be a group of large pools of money that like to plop their money in nice California apartments and live with a lower ROI.So if you have cash and can find a turn around situation for an apartment it seems like a good idea, but buying at market, I wouldn't do it.It is bad of me to compare the investments as it is apples to oranges, but I know what I'd do with my $$ in California...

I'm primarily a re-hab and hold guy, but I will offer this: If you have a re-hab with up to 30k in profit then it likely will take a lot of work to make that happen, and the 90 days is not an issue because the duration of the construction will be 45 days+ and could be the full 90 depending what needs done and how you go about it.They do it in 2 weeks on TV, in real life it doesn't work like that.Wholesale sounds good, 95% of all wholesalers I meet can't bring me a better deal than I can find on my own, not trying to discourage you, just realize that there are so many wannabees out there.

Do you watch TV?