Stocks and investments

[Master]

Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.

Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.

Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
Good luck, you won't regret it!

Regarding the place i was talking about I've been checking it out and I think it's
Just too much work needed. I like the idea but that is would be biting off more than I could chew

Good that you weren't swayed and you were thinking with a clear. Sometimes things are for a reason.
You never know, the right one could come up. Good luck.👍

Primo has been watching Homes Under the Hammer.