Hi jennie,

I agree with you......flipping should be part of an overall strategy.

I would just like to make 2 points here :-

1. Flipping takes a certain level of expertise and know how......I don't think it a good strategy for a first time investor.

2. Leverage, leverage, leverage.......most people here know about it and use it. This is why launches are so popular. Lay out 5% and sell within a month at a 5% premium.....basically 1% premium = 20% profit.....great leverage. However, this gets weaker over time because of the amount of cash that you need to lay out gets bigger.

Case in point is Hydra Avenue Furnished Hotel Apartments in Abu Dhabi. IMHO a great investment, however at this stage with premiums of 20% and well into the 30/70 payment plan, I have to haul out almost 50% of the price to buy this great investment. In this case 1% premium = 2% profit.....not so great.