Flipping Out

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5 • 810 Ratings

🗓️ 18 October 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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/adchoicesQuestions? Comments? Click!

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.0	We're talking real money.
0:10.7	They call them flippers, flippers, buying old houses, then fixing them up and selling them to us.
0:22.7	Yes, they're called flippers.
0:24.5	How are they doing?
0:25.9	I have no idea, but Tom probably does.
0:29.2	How are flippers doing, Tom?
0:31.0	It's not good.
0:32.3	It's not good.
0:33.4	My favorite time.
0:35.1	We're talking about house flippers, by the way.
0:36.7	Yeah, in about 2010 2010 i'll never forget
0:39.8	when somebody called us asked us about a real estate strategy or something in about halfway through
0:45.6	you said wait a minute you're going to flip houses after 2008 2008 2009 you don't do that again
0:51.2	are you insane uh yeah and it's the number still, when I read this stuff, I'm blown away by the percentages. I'm trying to find the number.
1:01.0	Well, here's the thing before you, while you look for the number, here's the thing. Yeah, I got it. Everybody wants to make a lot of money really fast. And you know, you tune on, you tune to DIY channel or HGTV or whatever it is. And they're
1:13.4	showing these flippers and they're like, we only spent $38,000 for this house and then
1:17.8	fixed it up with our own sweat labor and sold it for a million to. Yeah, right. And they always do it
1:23.2	within an hour. Well, yeah, that's all they do that. You got to, you got to get moving.
1:29.2	I know. That's fast. Oh, oh, okay. Can I do something first? I forgot. Yeah, you do whatever you like.
1:34.0	You want to, you want to call us and talk about flipping? You want to call us and flip out.
1:39.2	The number is 855-935-t, talk, 855-935-8-25-8-25-5.
	...

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