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Updated almost 3 years ago on . Most recent reply

Adah N.'s profile image
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Adah N.
  • Investor
  • from Atlanta, GA
  • Member since Mar 6, 2020
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Adah N.'s profile image
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Adah N.
  • Investor
  • from Atlanta, GA
  • Member since Mar 6, 2020
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Adah N.
  • Investor
  • Atlanta, GA
142
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293
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General Real Estate Investing

Should We Expect Lower Rehab Costs?

Adah N.
  • Investor
  • Atlanta, GA
Posted

Now that interest rates have spiked, home prices are dropping, uncertainty abounds and I am assuming flip profits are decreasing, does it mean lower rehab costs?  Does "houses are no longer flying off shelves like hotcakes" mean lower demand for contractor services? Does this mean lower rehab costs? Thoughts?

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Bob Willis
  • Investor
  • from Curtis, NE
  • Member since Mar 24, 2019
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Bob Willis's profile image
Bob Willis's profile image
Bob Willis
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  • from Curtis, NE
  • Member since Mar 24, 2019
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Bob Willis
  • Investor
  • Curtis, NE
140
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Bob Willis
  • Investor
  • Curtis, NE
Replied

All I know is that in the summer of 2021 I couldn't find an HVAC guy to answer my calls or give a reasonable response time - now they show up the next day.

  • Bob Willis
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