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Updated about 4 years ago on . Most recent reply
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With deals so tight, should I focus on another business for now?
In the past few years, flipping houses has been a major source of income for me, but deals have been so hard to find this year, that I've only flipped one house all year. Would this be a good time to shift my focus to starting a new business (like a home services business) to generate income, or should I just double down my efforts on finding flips? What are other flippers doing during this time?
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Danny Webber
Agent
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- Real Estate Broker / Investor
- Austin, TX
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GC FOR SURE. I opened a construction company to keep my flip contractors busy in between jobs and now the construction company makes 3 times what the flip business does due to lack of deals.
- Danny Webber