Trading houses?

Discussion in 'Economics' started by dcunited, Mar 28, 2006.

  1. So a friend of mine just came into a bit of $$$ and wants to get into the business of buying distressed properties, remodeling them, and then selling them 3-6 mo's later. My opinion is that the real estate market is at best stalled, worst could see a appreciable dip (we live in CA-Bay Area). Because of this I think such a venture has a pretty poor risk/reward ratio. He tends to think that b/c he's putting extensive work into each property, even in a rough mkt he could make money.

    Anyone out there have experience in trading houses? It seems to me if it were that easy larger players would have taken out the house arb some time ago, but perhaps there is still room for a lone buyer to make 10% on a house in a few months. Thoughts?
  2. I think there is a few infomercials you can look up for more info. :D
  3. mizer


    The Carleton Sheets course worked for me :D
  4. anyone know the code to make the attachment show up as an image isntead of a link? i tried "[​IMG]
  5. lundy


    Buying fixeruppers and fixing them up is how most small realestate investors make a living.
  8. well he's got me sold, I'm calling right now! Yah I've seen a million of those, course I've seen a million shady trading infomercials and I know it's possible to make a decent living prop trading, so I dunno.
  9. gordo


    PM me, for more info. Take it first hand, it is not as easy as it looks. If your friend is serious, message me.

  10. I'm reminded of a thread where someone said he was going to become a real estate day trader. That term still makes me smile from time to time.
    #10     Mar 28, 2006