When to quite while you are ahead? Austin Texas

[Briana Headley]

My husband and I are about to finish a flip house in NW Austin,which the timing couldn't have been better. We have almost doubled our investment in 6 months.  However, trying to get another flip seems daunting. I am a realtor, and that doesn't make a difference at all. The amount fixer uppers are going for is insane! I have a hard time investing in a house based purely on future appreciation. Ex: Fixer upper List Price $525K, sold for $720K cash. This home needed about $70K worth of work... There are no comps supporting anything more than $850K after it is fixed up (and that is pushing it) and after holding costs and realtor commissions, it just doesn't make sense unless we see another 20% appreciation in the next 6 months. This just seems really risky. I tend to be more conservative, but we will be making about $250K on this current flip and would really like to roll that into another. 

[Lien Vuong]

Just keep running your numbers as you know it because if you're a full time agent you have a real pulse on the market and know what houses go for. I wouldnt just jump into a flip just bc you need to roll in the number, take the right opportunity as it comes, dont just ride the wave because others are offering blindly.