Why is real estate flipping so popular right now?

Why is real estate flipping so popular right now?

Michael Corbett (Real Estate Expert) gives expert video advice on: What is real estate development, or 'flipping'?; What is 'real estate speculating'?; Who can engage in real estate flipping? and more...

Real estate flipping has always been very popular. It has gotten a lot of notoriety when the market was skyrocketing. Mainly because anybody, and I call them day flippers, just like day traders, anybody's grandmother or a monkey with a credit line was able to come in and buy a house and make money. That's not true anymore but that excitement and that thought, "I'll just buy a property and make a hundred thousand dollars", people think that is the reality. The TV shows that are out there, and I know many of the producers, they like to perpetuate and keep that going because it is good TV. When you watch one of those shows you are not watching it, please don't watch it for the education. Please only watch it for entertainment. They are not portraying the full picture and they are not telling you all the numbers and everything you need to know. To go into flipping you have to be educated and you have to know what you are doing. Yes, you can make lots of money in it but don't just watch those particular shows and think, "Wow, I can do this", educate yourself first.