Flipping in the new market

[Ryan Lockstein]

We have been flipping (rehabbing) heavily for the past few years (40 per year).  Recently I am stacked with a lot of inventory.   I know the market is shifting and I should expect longer days on market but I’m having a hard time deciding where to go from here…….   Do I keep buying so that I can try and maintain an income or do I shut off the tap completely so I don’t “lose” money on deals.  Another option is that I buy much cheaper but I imagine that means way less volume.  What are all of my flippers out there doing to navigate this change?  Any advice from the pros is greatly appreciated.  

[Kevin Romines]

Flipping is a job, that is taxed the highest of all investing. Long term wealth is in buy and hold along with great tax breaks. You have a perfect opportunity to do both right now. I would maybe pare back a little and choose which to hold and sell the rest. Build your portfolio of BRRRRs and get the cash flow and appreciation. When you sell, you can 1031 exchange as needed to move all your profits into the next deals without having a taxable event.

I hope that helps?