I quit my job at 22 to flip houses. I'm making money, but I wouldn't do it again.
A young Canadian quit his job to be a real estate investor flipping homes in the US. Knowing what he knows now about the business, he wouldn't do it again.
Teagan Trapp, a Canadian living in British Columbia, has invested in US real estate through his company Blue Peak Ventures. He decided to flip homes in the US after realizing he could make more money there. Trapp grew up working in HVAC and saw rental properties around him, but did not see any financial opportunity in residential properties in Canada.
He aimed to buy apartment buildings with at least 32 units, but found it more profitable to flip homes in the US due to the longer mortgage term and lower interest rates. Trapp quit his HVAC job in March 2025 and started buying "complex" properties from distressed situations, such as pre-foreclosure condos and hoarder houses. He averages two deals a month and plans to continue this business while eventually investing in larger asset types in the US.
However, he acknowledges that this business is not for everyone and requires a high risk tolerance and significant time commitment.
Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
