Current Real Estate Market-Should I do a Flip Project
Hi! Happy New Year! Let's make some money!
I am a current Landlord in the DMV area looking to take my investments to the next level. I have been looking to complete a flip project in Baltimore however, I am trying to determine if I should wait to see if the market changes. I also want to monitor the current housing policies-to see if there will be a collapse depending on how the presidential election goes. Please advise.
-Gehmelle
Most Popular Reply
I've seen so many people sit on the sidelines and wait trying to time the market. During those years I've made millions of dollars in real estate. The key will be to buy right, have a backup plan, and get in and out of your projects quickly. If you can turn the house in 4-6 months and buy right you will be fine. I'll be happy to go on record and say that 2020 is going to be another good year for real estate.