Donald Trump was asked on CNBC last week what are the keys to success. He said, “always do what you love and NEVER quit.” If you have gotten caught up in the real-estate flipping game – there may be hope, but you will need to change your strategy.
Source: MarketWatch
But that was in the summer of 2004, when the red-hot condo market was peaking and money could be made by investing in condos expected to quickly appreciate. Units were often on the market for resale as soon as they were completed. It’s a much riskier proposition to flip a condo in some of today’s cooling markets.
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