The pilot to my real estate career!

[Antonio Cardenas]

Hey I'm 21 years old and looking to flip houses as a job and acquire multifamily households to build passive income ! Im located in Salt Lake City, are there any locals on here that I can communicate with and ask questions? Looking for knowledge and wisdom! Building partnership ! 

[Nathan Gesner]

Quote from @Antonio Cardenas:

Hey I'm 21 years old and looking to flip houses as a job and acquire multifamily households to build passive income ! Im located in Salt Lake City, are there any locals on here that I can communicate with and ask questions? Looking for knowledge and wisdom! Building partnership ! 

Welcome to the BiggerPockets forums!

Markets around the country peaked a few months ago and are starting to fall. Many experts predict prices to drop 20% from their 2022 peak, which means they could continue to fall throughout 2023. Salt Lake City is one of those markets with the greatest increases and predicting the greatest decreases.

You could buy a house today with a predicted sales price of $600,000 but then the market drops 10% and your house will only sell for $540,000. And what if material costs go up 10%? What if the work takes three months longer than predicted?

The sales market is falling, material costs are up, and you have no experience. Yes, you can still make money flipping but you need to be conservative with your numbers and be prepared to switch gears to another plan if something falls through.