This is a great question that was asked on Trulia. The answers were pretty interesting and the format of Trulia really does not give the best environment to handle questions like this in the matter of detail these questions deserve. Below is the link to the original question, followed by a Video Blog response. Whether you can agree or disagree, please comment in below.
My husband and I are thinking of flipping a house in the Thousand Oaks, CA area…is now a good time?
Ted, what a multi-tasker you are! Great video and a perfect answer on flipping!
Ted, agree completely. Perhaps the only Flip Your house success stories now days are left to the TV viewers of the HGTV program. The term “flip” implied buy and turn around and sell as quickly as possible. In many markets it’s may not be possible and one would have to wait before being able to sell.
BTW, I came here via Irena’s mention on Twitter-AR chain.