[nilkn]

Perhaps I'm thinking of a different notion of flipping homes. I might be the one confused here.

I was thinking of buying old homes, possibly teardowns, in a rapidly up-and-coming area, renovating them, and then reselling them at a much higher price. I feel like there's less risk involved here as long as you have strong data showing the area is becoming popular and you can act quickly (i.e., before the boom ends).

If you want to simply isolate an underpriced house, buy it, sit on it doing nothing, and then sell it a few months later for twice what you paid, then I agree -- a considerable amount of skill would be needed.

[ceejayoz]

So basically, by "I guarantee it" you meant "you could be fucked and lose all your money"?

[nilkn]

No.

I suggest you keep up with the thread. You don't even know who you're responding to. I didn't even write the phrase "I guarantee it" anywhere.

As for what I meant, I meant what I wrote. There's a reason I wrote more than one pithy little phrase.