Homeowner · Columbus, OH · Member since 2015 · 9 posts · 3 votes
Hello fellow investors. My Business partner and I are just starting out in Real Estate Investing. My question is for other Real Estate Investors in colder climates. I understand that every market is different.... But how much slower might we expect wholesaling and flipping during early winter months? Please share some of your experiences.
Flipper/Rehabber · Dublin, OH · Member since 2013 · 134 posts · 40 votes
11y
@Marco Stack-Simone, it's true that retail purchases/sales slow down in the winter. However, investors are working year round. If you have a good deal, you should have no problem finding a buyer. A rehabber will probably have to account for a little extra time to sell the property, so you may want to figure that into your wholesale price. But I know I'm perfectly happy to work on a flip over the winter so that I can have something to list to retail buyers when the weather warms.
Investor · Columbus, OH · Member since 2014 · 37 posts · 0 votes
11y
hello Marco. I am also in columbus ohio and am starting out as a wholesale investor. What I have found is deals are out there. Consistency is key especially in the coming winter climates. But as you may already know the time is now. Find the deal solve a solution and take home the profits. Its a win win for all. On preforeclosures they are happening ever day no matter what season it in. My guess is for every 25 leads that say no 1 will say yes. Consistency is key even in the winter months. But generally the market slows down right before winter. But if you start now you should have work to carry you through the winter months. Key is where you pull your leads from. Hopevit helped. Im new to this wholesaling portion. But its what I have to do to accomplish my goals.
Flipper/Rehabber · Dublin, OH · Member since 2013 · 134 posts · 40 votes
11y
@Marco Stack-Simone, it's true that retail purchases/sales slow down in the winter. However, investors are working year round. If you have a good deal, you should have no problem finding a buyer. A rehabber will probably have to account for a little extra time to sell the property, so you may want to figure that into your wholesale price. But I know I'm perfectly happy to work on a flip over the winter so that I can have something to list to retail buyers when the weather warms.
Homeowner · Columbus, OH · Member since 2015 · 9 posts · 3 votes
11y
Thank you all for the responses!! Very helpful and reassuring. My business partner and I hope to hit the ground running within the next two weeks. I will keep all posted as I want to add as many investors to our Buyer's List.