How to Make a Profit

You make your profit when you buy. If you buy and sell houses, you are hoping that you can sell them for more than you paid for them. The key word in that last sentence is "hoping". You have no guarantee that prices will go up or prices will go down. You can guess. You might be right, but it's still a guess.

If you buy a house for less than it's worth, you should be able to immediately sell it for what it is worth and make a profit. This is called a flip.

You don't have to sell the house in order to have a profit in the deal. You can simply refinance and extract the profit that you have created by buying at a discount to market value. When you buy at a discount, your profit is a fact based on what market values actually are at the present and what you actually paid for it at present.

Posts in this blog should not be taken as investment advice, merely as views of a general nature.
Individuals should seek qualified advice tailored to their specific circumstances from licensed advisors.