Real Estate Investing Tactics

This is my personal opinion based on observation. You may disagree, that is what makes this country great.

New forums spring up every week it seems like. Some start with grand purposes and others are just, well, weak from the start.

I'm sure when FlipItBig.com started the goals were noble. I'm sure the founders were convinced they had information to share that can help others.

And they might.

But, the segment they are likely to be able to help is very small.

They also have several annoyances to use their site. You can only read a few pages before a cookie is set to block you from reading more without registering. Rather than just deleting the cookies, I registered when the screen first appeared. It was a mistake, and now instead of rejoining with fake credentials I have a small script that just looks for their cookies to appear while browsing and deletes them. That let me read as much as I wanted with the silly nag screens.

My impression of the site? There are much better sites and a few that are worse.

The title of the site can be misleading, I know that several people started reading and posting thinking it was focused on flipping really big deals like multi-unit buildings or entire mobile home parks.

It's not.

It's about the churn and burn through hundreds of flips each year to generate as much ordinary income as possible.

There is nothing wrong with that, but that is not investing. That is just another job and they lament long about the downside of having a j-o-b.

I've been investing for 24 years. Really investing. With a long term outlook. Until very recently a j-o-b figured prominently in my strategy.

Anyway, if you are looking for a site that will tell you how hard the admins are working at churning deals, that is great place for some reading. In fairness, they do try to delve deeper into the details but it falls short.

The admins there definitely know the mechanics of a few ways to put things together but I haven't seen anything showing they know why they work. I've seen no demonstration of fundamental knowledge. They know some recipes and can follow them but create a new dish? Probably not.