Quote from @James Dainard:
Quote from @Anna Washburn:
With the interest rates on the raise, would it be better to stop flipping and change to buy and hold strategy?
Hey Anna,
The ideal situation is to ink deals that pencil both ways.
If you're getting through the reno and rates go down to increase the demand for your product from end-users then you can decide to sell. If rates continue their current trend you want to make sure that your rental calc has those refi rates padded so you're not going to be losing money each month.
Just make sure you're getting a deal on the buy and you'll have an easier time with disposition.
Thank you! Makes sense. Having deals this way, I could rent the property for the next year or so, wait for these interest rates to drop and then flip the property.
