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Updated 10 months ago,
Can’t find profitable fix and flip
I have been flipping properties for 2-3 years and have done a fair amount of deals. All profitable
I have 7 houses for sale right now and having some trouble selling them with this market slowdown
Meanwhile, I have been trying to find another deal for the past several months. I’ve probably looked at 200-300+ deals (wholesaler deals, agent deal, on market, etc) and all of them either lose money or break even. It seems as if the market has dropped, but only on the sell side, not the acquisition side. I’m not trying to be greedy and ask too much on discounts for the flips, I am literally just trying to find something profitable
My question is…. Is everybody else having this same problem? Am I in too competitive of a market (Atlanta, GA) bc there are actually people still buying these deals and ridiculous prices? Do I just not have the right people in my network?
Thanks for the insight!