Hi! My husband and I have been a fan of this show for a while. We have inadvertantly flipped our last 2 homes (long story) and we're considering doing it if and when a great opportunity presents itself. However, with the real estate market in such decline, is it worth taking such a huge risk right now, or is it better to hold off until the market improves?

"You make your money when you buy". Buy well below market value, have knowledge of what it takes (time, materials, ALL costs involved), and know what a realistic sales price could be after renovations. Right now I am deducting about 5% of a sales price for each 3 months of holding a property. Get a professional home inspection before you buy, so you truly know what needs to be done.