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by bradfa
1423 days ago
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Local to me, real estate investment really only works if you're a landlord and the rent is your income. Buying then selling or flipping homes has not historically been a profitable endeavor. If you timed things just right for COVID, maybe you made a good return, but otherwise in history prices have been rather stable and increasing only similar to inflation for decades. Surely there are markets where flipping houses is extremely profitable, but it's not all markets. |
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