Disadvantages of Flipping

Flipping requires you to have a vast resource of capital, either personal or from other sources. This is because you have to buy the property first, thus needing you to come up with the hefty purchase price. This will be a great disadvantage if you do not have enough cash or your credit line is no good to match it. Another disadvantage of flipping is that you need to act quickly in every transaction, which can be a difficult thing to do, as finding a very interested buyer can be like finding a needle in a haystack.

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Unless you have a very large magnet, to attract the needle (or buyer), it would be a burdensome task to accomplish. To be successful in the business, you must either already have a buyer waiting or connected to people who have potential buyers.