Amazingly, there are still "flipping" shows on television, and there are still people pushing flipping. Though fewer shows are on the air, the fact that they are still there is making my blood boil again.
Do you know how any people are moaning the fact that they are in the mortage mess because they bought a house or little bungalow, all because someone told them they could make a quick buck that way, or because they watched one of these ridiculous shows?
Flipping houses is no different than trading commodities. If you have $20,000 or $30,000 that you don't care what happens to. That you could use to go to Las Vegas, and lose it all, and come back and say you had a good time . . . well then flipping is for you. But if you could not lose that much and smile, then you have no business flipping houses.
Flipping is not an investment it is gambling. Get it? Moving on . . .