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Talking Real Money - Investing Talk

Flipping Out

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5810 Ratings

🗓️ 18 October 2022

⏱️ 38 minutes

🧾️ Download transcript

Summary

As real estate prices peak, some of the first feel the effects are speculators like flippers. There is no easy money. Just ask Kevin Bacon. Then, on to the questions: Can you tax loss harvest from a municipal bond ETF in a total market bond ETF? What are the alternatives to to long-term care policies? Does an immediate annuity make sense? What is the purpose of bonds in a portfolio? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:02.2

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0:27.7

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0:34.9

Reality radio for a really great future.

0:38.0

We're talking real money.

0:40.7

They call them flippers, flippers, buying old houses, then fixing them up and selling them to us.

0:52.7

Yes, they're called flippers.

0:54.6

How are they doing?

0:55.9

I have no idea, but Tom probably does.

0:59.3

How are flippers doing, Tom?

1:01.1

It's not good.

1:02.2

It's not good.

1:03.3

My favorite time.

1:05.1

We're talking about house flippers.

1:06.6

Yeah, in about 2010, I'll never forget when somebody called us asked us about a real estate strategy or something.

1:14.9

And about halfway through, you said, wait a minute, you're going to flip houses after 2008, 2009?

1:20.4

You don't do that again?

...

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