My father does this, in '05 hes looking at flipping over 16 houses he bought in '04 and bringing in six figure profit.
I had the chance to get in, in '04 and gotten 2 of my own houses but I hesitated and I missed out on $60 large which wouldve been made in 3-4 months and wouldve involved almost no work at all. All that was required was a $10k deposit total for both houses.
In June/July I'm heading back to FL and will be partnering up with his corporation and doing it in my free time.
Its actually a really good business to be in, requires almost no work on your end, if you let the realtors take care of it, and even with their commission, you still make out pretty well if you know what youre doing.
I couldnt believe it about 2-3 months ago when I heard he'd just bought 10 houses in one day.
