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submitted 9 months ago by mossy_capivara@midwest.social to c/196@lemmy.blahaj.zone

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[-] Ghostalmedia@lemmy.world 13 points 9 months ago

I feel like this is a meme made by someone who hasn’t really spent time browsing Zillow and seeing what’s for sale, what gets bought, and what gets flipped.

People “investing” in a single family home usually make money by cleaning / renovating the property to some degree. Even if a neighborhood is coming up, if you buy a home and just sit on it, you’re probably going to make less money than if you just invested in a mutual fund.

[-] Saurok@lemm.ee 3 points 9 months ago

I work in the title industry and see houses being bought by LLCs and trusts with cash and then sold weeks later for $100,000 more with only curb appeal modifications or no repairs at all. It's pretty common.