The remorae and hucksters are coming back to the Phoenix area next week, promising riches in the real estate market if you attend their one-day seminar on flipping houses. Learn how you, too, can flip houses in 30 days or less at a tremendous profit.
“Did you know there are people flipping houses right down your block?”
Did you also know that claim is 99 percent caca de toro?
- Inventory is climbing quickly – now at 15,387 detached homes in Maricopa County
- Interest rates are climbing
- Thanks to the geniuses in Washington, consumer confidence isn’t tremendous
- Homes this year have appreciated month-over-month at levels that wouldn’t cover the escrow costs much less commissions and repair expenses
Yet, here comes the seminars. And, guaranteed, the seats will be full.
Back in the day at Schwab, we always could tell when Wade Cook came to town with his circus tent of option strategies because the phones would ring the following Monday with people who didn’t know a call from a put from a slice of pizza suddenly wanting to invest in options.
Want to know how to make a small fortune trading options? Start with a large fortune and work your way down.
Read this, learn this, know this, love this:
You’re not going to make money flipping houses in Phoenix right now, not unless you find the needle in the haystack that is the metropolitan area.
Best economic decision you can make? Skip the seminar, get an adult beverage and sit on your patio enjoying this beautiful weather.