For example: you spend $100,000 to purchase and fix up a house already on the market as a finished product to make $101,000? That's of course if you're lucky enough to secure the mortgage to pay for it.
So for all of that " hard work" and "sweat equity", you've only made $1,000. It's like buying crap from Wal Mart, "fixing it up", and reselling it on Craigslist.
Seems like a pointless business to me.
Someone help me understand,
Read more: How does house flipping Really work?
