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Posts: 152
In response to
"
Client Phone call: I want to buy property in Florida because I can flip the house in a month and make residual income.
"
by
Walt_Disney
aren't those mutually exclusive? -- nm
Posted by
psilotum
Jul 5 '11, 09:49
(No message)
Responses:
By "flip" he could mean he'd buy it, spruce it up, and rent it out for more than the mortgage. -- nm
-
Ender
Jul 5, 10:02
7
No...me meant sell it to someone else in a couple of months and make a few thousand on the flip. -- nm
-
Walt_Disney
Jul 5, 10:07
2
which would leave him without residual income. -- nm
-
psilotum
Jul 5, 10:09
1
definitions are for hard workers. -- nm
-
mandy, queen of scots
Jul 5, 10:11
that makes sense, but never heard that called "flip" before. -- nm
-
psilotum
Jul 5, 10:04
2
Agreed. I thought flip meant sell. -- nm
-
Dr.Vermin+
Jul 5, 10:05
1
We're all assuming that a guy who wants to get into Florida real estate knows what words mean -- nm
-
Roger More
Jul 5, 10:07
that's what I'm thinking -- nm
-
CQ
Jul 5, 10:04
I don't know, I was just in the dentist's office reading an article on this stuff and I just know I have to move fast to make this happen. -- nm
-
client
Jul 5, 09:55
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