Rent or Flip? Signs That Offer Guidance.

[Richard Alan]

Hey everyone, happy new year. I'm a long time reader, but don't post often. 

I live in Stratford, Connecticut since 2016 and the town has changed so much. Since 2020, there is a constant flow of New Yorkers buying flipped homes in town. As I consider selling or renting our home, I can't help but wonder why there are nothing but flips in town.

Investors and agents are not buying, rehabbing, and renting them out. They are all 100% flips. 

Is it a bad sign that no one is holding long term and renting for cash flow? Love to hear your thoughts.

[Richard Alan]

Joshua, thanks for your reply. Yeah it has been a hot market for the last two years. Most properties are multiple offers and sell over list price. Things have slowed down a bit this fall, but still sell fast. 

My question is, is it a red flag that investors are flipping and not BRRRR'ing. It's the lack of BRRRR that is concerning.

"Stratford has a 2020 population of 52,120. Stratford is currently declining at a rate of 0.00% annually and its population has increased by 1.43% since the most recent census, which recorded a population of 51,384 in 2010."

"Households in Stratford, CT have a median annual income of $79,430, which is more than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $75,845 in 2018, which represents a 4.73% annual growth."