Riding the Property Wave

There has been a recent property boom in certain countries. Cities like London and Singapore have seen property prices shooting through the roof and going into the millions just for a tiny place in the city, some of which are no bigger than a shoe box! This has actually benefited some people who dabble in real estate flipping. What they do is to buy property at a cheaper price, hold it for a while then flip it around for a much higher price once the property market booms. The profits they can make from a transaction such as this can be astronomical! It’s something that sounds really interesting but to me, if you don’t have the initial capital to purchase your first piece of property to “play” around with, it isn’t as easy as it looks.