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Updated almost 3 years ago,

User Stats

79
Posts
68
Votes
Jason Nguyen
  • Real Estate Agent
  • Fairfax, VA
68
Votes |
79
Posts

Which strategy works best for the current market condition?

Jason Nguyen
  • Real Estate Agent
  • Fairfax, VA
Posted

As you may have known, interest rate went up a lot recently and that forced the majority of retail buyers out of the game. Therefore, flipping takes longer to sell or may need to go down in prices if on market too long, BRRRR formula doesn't make sense anymore at nearly 6% interest rate for conventional investment loan or 7% for non-QM loan. Long term rental cash flow doesn't look too good if there's a big repair going on. What do you guys think of Airbnb? I see some Airbnb at a good location brings in more than 100k revenue a year.

Please let me know what you think.

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