Joliet, IL · Member since 2016 · 119 posts · 88 votes
Hi everyone,
I am new to REI and I am interested in flipping houses. I was wondering though how does the seasons affect your flipping businesses. In Illinois, we get harsh and very cold winters (as well as many other states, Indiana, Michigan, Wisconsin, New York, etc, etc). With that being said, how does this affect your REI business? Are you limited to late spring and summer? Even if you find a deal mid August and do your 3-4mo reno, you are pushing November. I don't think many people are buying houses in the winter time. But what is your experience? How do you combat this issue? Do you just invest in other areas through the winter? Or does it still work for you?
Wholesaler · Utica, MI · Member since 2013 · 133 posts · 36 votes
10y
Hi @Angelica Osusky I'm a wholesaler in Michigan, winters can be tough, but you can flip all year round. One of the benefits is you don't really have to put much or any money into landscaping during the winter. You do have to deal with delays sometimes or worry about if it will be too cold to paint or ensuring you don't let water pipes freeze. It can be done though!
@Eric Liebich is a friend of mine and wholesaler and full time investor in the Chicago are he can probably help when you start looking to purchase properties. Good luck!
Investor · Benton Harbor, MI · Member since 2013 · 257 posts · 140 votes
10y
Hi Angelica, I'm in Michigan, a couple hours from Joliet. I have sold houses in all seasons, but things move far faster in Spring/Summer. My business is year round, and we pay attention to what else is happening in the market so make our places nicer and a good value. If you do that, you will typically move your product faster than others.
Joliet, IL · Member since 2016 · 119 posts · 88 votes
10y
Marshall,
Thanks for your reply. It's nice to know that I can still operate my business and invest if I'd like to in the colder months. Wish you and your business nothing but success! Thanks again.
Wholesaler · Utica, MI · Member since 2013 · 133 posts · 36 votes
10y
Hi @Angelica Osusky I'm a wholesaler in Michigan, winters can be tough, but you can flip all year round. One of the benefits is you don't really have to put much or any money into landscaping during the winter. You do have to deal with delays sometimes or worry about if it will be too cold to paint or ensuring you don't let water pipes freeze. It can be done though!
@Eric Liebich is a friend of mine and wholesaler and full time investor in the Chicago are he can probably help when you start looking to purchase properties. Good luck!
Real Estate Investor · Chicago, IL · Member since 2015 · 15 posts · 5 votes
10y
Hi @Angelica Osusky, welcome to BP. I'll private message you to connect on the criteria you're looking for with your rehab/flip business to see where I can assist. @Jeff Lipple thank you for the intro.