Flipping, although most popular a decade ago, can still be done if you know how to calculate your ideal purchase price. You must also be flexible and be prepared to alter your strategies as the market changes.

Wholesale Real Estate: There was a huge movement several years ago to encourage real estate investors to flip houses. It didn’t really take much encouragement at the time because money could be made almost no matter what you did or didn’t do right. The housing market was on fire and prices were claiming almost daily. You could buy a house for $200k, do nothing to it at all and sell it for $225k in a month. Those were the days.