{"id":675,"date":"2009-12-21T09:29:59","date_gmt":"2009-12-21T15:29:59","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/?p=675"},"modified":"2019-03-11T22:35:27","modified_gmt":"2019-03-11T22:35:27","slug":"repossessions-in-todays-market","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/repossessions-in-todays-market\/","title":{"rendered":"Repossessions in Today\u2019s Market"},"content":{"rendered":"

I get a lot of phone calls from people looking at getting into flipping houses. I know I get these phone calls because of the mindset that we are in a recession. I\u2019m not sure what clearly defines recession, however I don\u2019t think this is it:\"pic<\/p>\n

The Greater Montreal Real Estate Board sent out their monthly report and the headlines read: \u201cSales in Montr\u00e9al Area Surpass Record-Breaking 2007 Levels. It read on saying that Sales in the Montr\u00e9al Metropolitan Area increased by 51 per cent in November 2009 compared to November 2008. The 3,411 transactions were enough to surpass, by 4 per cent, the record-breaking sales levels of November 2007.\u201d<\/p>\n

One of my clients\/friends is a professional house flipper. He\u2019s been working at this for over a year now. He\u2019s flipped one house; not because he doesn\u2019t work hard, but because that\u2019s all he\u2019s found. He works at it everyday which includes many phone calls, analyzing, charts, research, meetings, did I mention analyzing<\/p>\n

? After one year doing it full time, he\u2019s starting to shy away from full time flipping and is getting into part time flipping and full time buy & hold.<\/p>\n","protected":false},"excerpt":{"rendered":"

I get a lot of phone calls from people looking at getting into flipping houses. I know I get these phone calls because of the mindset that we are in a recession. I\u2019m not sure what clearly defines recession, however I don\u2019t think this is it:<\/p>\n","protected":false},"author":2,"featured_media":8619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[],"class_list":["post-675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-buying-selling","category-real-estate-investing"],"yoast_head":"\nRepossessions in Today\u2019s Market - Montreal Real Estate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.montreal-realestate.ca\/english\/repossessions-in-todays-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Repossessions in Today\u2019s Market - Montreal Real Estate\" \/>\n<meta property=\"og:description\" content=\"I get a lot of phone calls from people looking at getting into flipping houses. 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