Flipping Season???

[KIMARD EGLETON]

Hello BP'ers,

I was reading a real estate article the other day which talked about end of the summer buying season (particularly for SFRs).  For you experienced flippers, is this something you consider for prior to purchasing properties.   Thoughts? 

[Kenneth Sok]

Depends on your strategy and how fast you can rehab a property but I've heard that fall and winter are the buy times to position yourself to sell after the New Year. We've found that retail house buying slows a bit during the holiday season due to everyone shifting to the family time and travel. I'm sure each market is different but that's just been something we've noticed. 

That doesn't mean there aren't motivated buyers out there or motivated sellers, but we generally will be looking for our flips during this time so that we can have them finished after New Years. Either that, or we factor in the wait time, holding costs, etc. into our buy price and sell price if a deal does arise during this time that we want to jump on.

Best of luck!