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Updated about 3 years ago on . Most recent reply
Is it still a market for BRRRR?
Hi guys! I recently got off the phone with a lender, and told me he wasn't accepting clients for flip and fix. He told me that many were backing out from this strategy due to the extreme prices we're seeing now and it was honestly a bit discouraging. He then proceed to tell me that I should look into short-term rentals instead. Any insight?
Most Popular Reply
Originally posted by @Angelica Garcia:
Hi guys! I recently got off the phone with a lender, and told me he wasn't accepting clients for flip and fix. He told me that many were backing out from this strategy due to the extreme prices we're seeing now and it was honestly a bit discouraging. He then proceed to tell me that I should look into short-term rentals instead. Any insight?
People are still buying bacon even though it's going up. It's a great time to get into real estate, if you know what you are doing. Don't second guess yourself. Find a good deal. And . . .
Find another lender.