
11-06-2007, 08:25 PM
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| Senior Member | | Join Date: Oct 2005
Posts: 2,226 | |
BTW, flipping is a separate strategy from your long term buy and hold strategy. These two strategy can be exercised at the same time. You treat your long term buy and hold properties differently. Your long term hold properties are those that already made even or positive cash flow and having built up equity in them. They are meant to be hold and rented out for the long term.
On the other hand, flipping is like icing on the cakes, they do flipping to supercharge your regular long term investing. Any flipping profit shall be treated as extra bonus, but not a necessity. This thought will give you a healthy mindset to avoid being too greedy. |
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