Phoenix Live-in Flip

[Jana Crum]

Hi everyone!

Any input on this would be greatly appreciated! I am considering buying a live-in flip with my parents and sister before the end of the year in the Phoenix area. The main thing I am nervous about is how the market is shifting in Phoenix. We are starting to see prices decline and sellers are providing concessions again (sidebar, happy to see the market normalizing!). However, my concern is even if we find a great property with a great margin in relation to today's comps, by the time two years comes around and we are ready to sell will the market have stabilized to a level where we can still make a profit? By no means am I asking anyone to predict the future market. I am just trying to understand how best to position myself for a successful exit of a live-in flip in twoish years. 

Thanks in advance for your thoughts, Jana