What are Flippers planning on doing in 2025 in ATX?
- A lot of flippers are buying now since higher interest rates are creating slight downwards pressure on property values. Knocking out improvements over the holidays, and selling beginning of the year when interest rates drop and home prices increase due to demand. Also many flippers are buying now simply for tax write off purposes.
What do you see as opportunities and threats?
- Opportunity is that home prices in Austin have been at record highs since COVID but the election and interest rates have created a major buying opportunity. Also, people selling property right now (again, selling during election & holidays) are much more motivated sellers so there is more room to negotiate price. Only threat is that interest rates go up instead of down; however, the federal reserve has been very clear about rates going down and have already started lowering rates.
What area's would you flip in and where would you avoid?
- Areas to avoid vary based on your risk tolerance, budget, experience, etc... So my best recommendation is finding someone who knows your risk tolerance, budget, experience. I am an Investment Real Estate Agent so learning these thresholds for each of my investors is part of my onboarding process.
Is 2025 a good time to actually start flipping in ATX? Seems like anytime after 2010 and before 2022 would have been an ideal time.
- Hindsight is always 20/20! Best thing you can do is to look at the factors that made those years ideal. The biggest correlation is interest rates, but that is not the only factor that indicates a strong flip market.
Hope this helps! Feel free to shoot me a message if you need a little more help.