Flipping Market Update

Over the last 6 months, it seems that every new customer I meet wants to do flips.  None of them want to talk about rental properties, they all want to flip houses.  These are new investors that have never done it before and they have little if no expertise.  It is amazing.

Unfortunately, now is NOT the time to start flipping homes.  The market is very fickle right now.  One week the market is hot, the next it is cold.  As I write this, it is very cold.  All of my flip customers have houses that are sitting and most of these customers are experienced rehabbers.

You don’t want to be holding a property for months waiting for a buyer, all the while the interest is eating up your profit.  Wait until the market firms up, then call me and we will take a shot at teaching you how to rehab and sell homes.

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