Agree, but there is a tiny bit little more in depth to it.
* If you got a lucky market you could’ve made a lot of money. But I had far less to do with the renovation part and just the I happen to buy low and sell high part.
* A LOT of flippers lied about it being their primary residence. That helps with loans, although there are more serious paperwork and requirements since 2012 or so. FBI paperwork iirc.
* The math changed if you were your own crew. If you have the time, and the skills, it definitely change the equation. However, you basically had to make this your full time job, and there aren’t a lot of competent non-professional “full stack” contractors flipping for fun. It’s a lot less stress to just be hired for jobs.
* If you got a lucky market you could’ve made a lot of money. But I had far less to do with the renovation part and just the I happen to buy low and sell high part.
* A LOT of flippers lied about it being their primary residence. That helps with loans, although there are more serious paperwork and requirements since 2012 or so. FBI paperwork iirc.
* The math changed if you were your own crew. If you have the time, and the skills, it definitely change the equation. However, you basically had to make this your full time job, and there aren’t a lot of competent non-professional “full stack” contractors flipping for fun. It’s a lot less stress to just be hired for jobs.