News: Mortgage apps 4 year low, 30-year rates 8 year high

[Justin Simpkins]

Howdy BP,

I just want to start a general discussion about current real estate news and trends, and think input from all the savvy investors would make an interesting thread. Forgive me if this discussion has already been started.  

[Russell Brazil]

Originally posted by @Patrick Britton:

@Justin Simpkins  Generally speaking, I think the fix and flip game is either gone or very close to being done with.  There will always be deals here and there but the environment flippers had been enjoying after 2009 vanished in 2017-2018.  

Nothing lasts forever.  

 Flipping, like being an agent is counter cyclical. During recessions both agents and flippers make more money when the amateurs are forced to leave the industry. When the market is hot profits and commissions get squeezed as margins decrease.

It will be a lot easier to make money once we hit the next recession.