[quote=deadzone][quote=sdrealtor]
lol what you don’t understand is who the flippers are. Sure there are some small time mom and pops but I would say that well over 80% off flips are by well funded high net worth organizations. You want to believe it’s some highly leveraged greedy guy but that’s just not reality. I deal with these Flipper groups and I’m contacted by a few every single day . they are anything but poorly capitalized. And even many of the small Time guys who’ve done 3 to 5 a year for the last 5+ years are sitting on a few million dollars of cash profit. You really have no idea how this works[/quote]

LOL, you have no fucking clue how “well-funded” these flipping organizations are, so stop making shit up.
Anyway, it will be evident soon enough. Just keep bookmarking this thread, it will be fun to revisit this in 6-12 months.[/quote]

Uh but i do. I can also go back and look how many millions they made in profit. They are playing with house money. I’ve got a friend that’s small time. He works for a wealthy guy. Has for 10 years. He makes him $1-3 million a year. He’s got $5m cash the guy gave him to fund whatever he wants and he rarely uses more than half that. he’s small time. Only does 7-10 a year. The big guys are doing 10-20 a month some more in SoCal