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How can I flip paper?
It's a real estate thing can be very profitable and I want to learn more
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Michelle’s Answer
Hello, Skylar !
Well, there would be a lot you'd have to learn about flipping paper before you even think about going into this type of venture. You would be buying property very cheap and selling it for a large profit. Read the article at the link I have left for you below to learn of the ethics, legality and risks of flipping paper. You may want to take things step by step and go a traditional route in Real Estate.
My advice is always that a person should choose a career based on their passions, interest and knowing that they can make an important contribution to people or society. The initial intent of money motivation does drive some people, but they will always be stressed out trying to gain financial rewards and have no real direction for the work they want to get rich on. Going into real estate should be something you want to do because of how it can enhance life for families, individuals and businesses. Most people trust that realtors have their best interest in mind, not the realtors' best interest for their monetary gain. Brokers on Wall Street also use a similar thing of flipping paper with stocks, too. I would advise not rushing into this for many reasons. Number one reason is that to become a Realtor takes a lot of studying and going for your license and making a good name for yourself in the community that you serve. People need to trust you.
There may be people who do not care that you are making a profit from them, but then again there will be people who will not be so happy if they find out and spread the word around. That will not be good for your business. Realtors generally do well anyway, especially in major cities, so you shouldn't worry about starving. Visit your City Hall and Chamber of Commerce and see what the state of real estate is in your city right now. San Francisco housing and commercial property are currently going through a lot of change right now.
So, it would solely be up to you, after being 150% well informed, as to whether or not you should be involved in flipping paper. I would advise to just follow the regular real estate path, follow your state and local guidelines and federal law and have a satisfying, rewarding career regardless of how much money you make.
I wish you all the best in your real estate ventures !
ABOUT FLIPPING PAPER https://cordonrealestate.com/real-estate-wholesaling-is-flipping-paper-not-properties/
FLIPPING CONTRACTS https://www.american-apartment-owners-association.org/property-management/real-estate-investing/buying-and-holding-real-estate-compared-to-flipping/
Well, there would be a lot you'd have to learn about flipping paper before you even think about going into this type of venture. You would be buying property very cheap and selling it for a large profit. Read the article at the link I have left for you below to learn of the ethics, legality and risks of flipping paper. You may want to take things step by step and go a traditional route in Real Estate.
My advice is always that a person should choose a career based on their passions, interest and knowing that they can make an important contribution to people or society. The initial intent of money motivation does drive some people, but they will always be stressed out trying to gain financial rewards and have no real direction for the work they want to get rich on. Going into real estate should be something you want to do because of how it can enhance life for families, individuals and businesses. Most people trust that realtors have their best interest in mind, not the realtors' best interest for their monetary gain. Brokers on Wall Street also use a similar thing of flipping paper with stocks, too. I would advise not rushing into this for many reasons. Number one reason is that to become a Realtor takes a lot of studying and going for your license and making a good name for yourself in the community that you serve. People need to trust you.
There may be people who do not care that you are making a profit from them, but then again there will be people who will not be so happy if they find out and spread the word around. That will not be good for your business. Realtors generally do well anyway, especially in major cities, so you shouldn't worry about starving. Visit your City Hall and Chamber of Commerce and see what the state of real estate is in your city right now. San Francisco housing and commercial property are currently going through a lot of change right now.
So, it would solely be up to you, after being 150% well informed, as to whether or not you should be involved in flipping paper. I would advise to just follow the regular real estate path, follow your state and local guidelines and federal law and have a satisfying, rewarding career regardless of how much money you make.
I wish you all the best in your real estate ventures !
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