No, but I write for the industry. I have actually considered trying it, but since I have no handyman skills, I'd have to pay people to do all the work and that aspect worries me. I can't even get projects done around my own house.
It's not too late. Before home values were climbing so much that you'd have to really screw up not to be able to cash in on that alone. Now they're leveling out, so you can't rely on that, but it's still a good field. Serious rehabbers can still find foreclosures and properties with fire/ water damage. The people I know who have been in it a while switched focus. Inner-city rehabs are a big thing now- finding a single distressed property, ideally with a lot big enough to divide. Multi-family properties are big as well. There's a bigger focus on going into neighborhoods that are kind of on the cusp of being ok, and then fixing up/ upgrading the apartments/ duplexes. That's what's happening out by me anyway. I mostly cover AZ, CA, and TX. It's big enough in my area that there are still investors coming in from other states and countries.
I think if I were to do it, I probably wouldn't flip though. I'd buy a duplex or something to fix up and use as an income property- either get long-term renters in it or Airbnb it. But, I'm really not good at hiring handyman. My current home is a serious testament to that. D:
About 11 time times to be exact, The low hanging fruit has been plucked and what is now out there is absurd. A fool and his money are soon parted and so it is with those who are following any of these get rich schemes
There is a retired deputy sheriff in my county who had over 400 rental units. He didn't sell them off for profit, but still owns them, I think. Gee, a millionaire deputy.
Baba 