In today's competitive real estate market, how do you ensure your fix-and-flip projects stay on track?

Because the competition has really ramped up in most markets, you'll need to have good design, good amenities and a good location that is suited to your ideal guest type.

So if they have a relationship with a broker they know brings good deals to the table, they will do their best to be as competitive as possible to win the deal.

The deals I have seen work are larger 4 units $800k+ in class A/B+ areas mainly as those have less competition and atleast my market noth side chicago they still sell at decent real life cap rates.

But with the sharp decline in mortgage rates since May, the moribund housing market is showing signs of life.Confidence rising; competition falling.

Especially in today's competitive market, being creative has never been so important! 

I personally would avoid big banks like Chase, Wells, etc, or credit unions - they tend to have horrific underwriting process and could cost you your deal in a competitive situation.

If they don't pay, then it would be grounds for eviction.Raising the rent is an easy option, and it works well in markets that do not allow to bill back.I would see what the competition is doing in your market.Congrats on the dealGino

Then evaluate what went right/wrong and execute at least four more BRRRRs in 2025.I believe the most effective approach to achieve a successful BRRRR strategy is to engage a skilled contractor with competitive pricing.

Have you ever struggled with pricing a flipped property, and what strategies did you use to set a competitive price?