Updated over 3 years ago on . Most recent reply
Would you buy anything right now to flip?
Hey everyone,
With the current real estate market, would you even consider buying a property to flip? I’m thinking about turning a duplex into a single family in an A neighborhood. I’m just concerned about the bottom falling out or interest rates pricing potential buyers out during renovations.
I appreciate any and all responses!
Most Popular Reply
Certainly! As long as you include updated risks when working your numbers. We can expect interest rates to increase up to half a percent next quarter based on what the fed implied. Probably assume the same for the quarter after that. We know the inflation % that can be applied when estimating repairs. And be ultra conservative on re-sale price. If the numbers still work, then go for it! Even when the 2008 recession hit there were still deals to be made. Just have to work the numbers right.