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Updated about 1 year ago, 11/26/2023

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4
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Shawn Sopic
7
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4
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House flipping in current market

Shawn Sopic
Posted

We just went under contract on our first investment property which we plan to flip.  Its a large house in a nice neighborhood in need of some TLC.  We're using an interest only loan with 25% down.  In current market conditions, less buyers have made great opportunities to get good deals - which we got, so we pulled the trigger.  Im just worried about the market in the next 6 months or so once we're done with renovations because obviously we'll need buyers and hope interest rates come down some.  There are some solid comps in the area within the last few months.  Any tips to navigate our first flip and how to maximize our returns in the current market? Thanks!

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