Paul B. Farrell: Flip houses to get rich, retire before next crash

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, flipping houses, your big new window of opportunity. Flipping commercials are increasing on drive-time radio.

The Wall Street Journal reports “housing market accelerates ... prices jump 9.3% in quickest rise since 2006, gains seen across country.”

Over on 24/7WallSt.com you can see its coast-to-coast “10 Best Cities to Flip a House:” The New York/New Jersey/North East sector had average $118,376 profits on holdings of 118 days. On the West Coast, California’s metro San Jose saw profits averaging $61,758 on 105 days holding.

Yes, there’s a window of opportunity for house flipping. But ask yourself: When will the window slam shut? Timing, that’s the trick. Could be just a few months, like the fall 2008 crash? Or a few years, like the bull of 2004-2007. .............(more)

The complete piece is at: http://www.marketwatch.com/story/flip-houses-to-get-rich-retire-before-next-crash-2013-05-07