Starting a home flipping business can be an expensive and difficult proposition. After all, you are buying a large asset on the hopes of selling it shortly for more money.
The average cost of home can range anywhere between $180,000 to $250,000. The home flipping shows can make it seem like a coat of paint can fix anything, but there’s always more to it than a day’s work and some drop cloths.
If you’re starting a home flipping business, it’s important to recognize and deal with potential problems before they deal with you financially. Here are some home flipping killers to watch out for.
Small-cap winners galore
The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investments
The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.