My coworker told me he was earning two millions flipping 2 houses in half year. Location: Sunnyvale and Cupertino Tc 480k
Sunnyvale didn't appreciate 1 million in 6 months. So need to know when they acquired property
flip is not just about time bought but repairs / remodel done.
Your boy is lying to you.
Yes its possible. U need to have some cash in hand for that. U get some handyman to do touch ups in house and then flip it. Average i saw u get 200k to 300k net profit in this. So possible if u do flip 10 houses per year. U dont need to be in premium city like Sunnyvale or Cupertino as well for that. There profit margin is higher.
Stupid low class work for prestige. My landlord comes to fix faucet himself and lives in 2.5 mil house . Cheap
2.5M house in bay area is cheap. If he was living in 4M house, this is a story
He is low class but it’s you who doesn’t own a house 🧐
I want to be best friends with your friend
Window to make money in housing has closed unless you buy a distressed property at low price and fix it up. That is a full time job, and if lucky could make more than most of tech jobs. Risk is higher due to the interest rates + elevated labor, taxes and possibility of downward spiral anytime.
Sounds like gross proceeds.
I met several such ppl in seattle realestate communities.
The statistics for home prices are easily available online. Why do you trust anecdotes more?
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I think 2 mil is a lot, which city is it?