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Updated over 2 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Danny P.
  • Flipper/Rehabber
  • Charleston, SC
2
Votes |
5
Posts

How are you underwriting new purchases in 2022? Any Changes?

Danny P.
  • Flipper/Rehabber
  • Charleston, SC
Posted

Hi! I'm a fix and flipper in Charleston, SC by trade but looking to expand out to STRs in another market. I've done about all the research I can do but getting gun shy about pulling the trigger. Part of that being i'm not used to working off the MLS as I acquire all my flips off market. Seems tough to BRRRSTR off the MLS without taking on a full gut job.

Also more importantly, worried about potential vacation slowdown next year.  Are you making any changes to how you underwrite new deals right now?  I'm eager to get going and it's easy to say wait til the time is right but i know that's not the right attitude.

Thanks!

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