Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. Poster certifies that there will be no pitching of products or services at this event.
What: Learn about “Flipping Properties in any Real Estate Market” at the For Investors By Investors (FIBI) South Bay Investment Club, http://bit.ly/FIBISouthBay, 3-11-14 meeting. FIBI is a non-profit, real estate and business-related networking group WITHOUT sales pitches!
Why: Attendees enjoy networking with snacks and drinks, a panel discussion of experts and a Q and A session followed by more networking.
“FIBI meetings are open to anyone who wants to learn valuable tips and information from real estate investing experts who are currently working successfully in their perspective areas,” states David Coe, co-founder of FIBI “This month, we will be sharing insights and tips on how to flip properties in any real estate market.”
At the event, attendees can:
• Learn what is important now in flipping properties in any real estate market;
• Network with other investors, real estate experts and business owners; and
• Ask questions about flipping properties, investing, avoiding mistakes, and more!
Who: Real estate investment experts speaking at the event include:
You should come to Seattle, Will. It's gorgeous up here, we have great real estate, and even better views...and there is a large contingent of BPers up here.
As an aside, I've been catching up on the podcasts and just got done with yours. Nice work! :)
What a great time it was last night. Hopefully Matt will shoot me over some photos to post here. The event was sold out and it was a record high attendance for this FIBI.
Thanks to all of BP Nation who showed up, I heard from a lot of you that it was fun and informative.
@Will Barnard thanks will. I enjoyed this thoroughly...
You certainly know your stuff. I'm getting into flipping, I'm an experience 10 year landlord of 1-4 units (Long Beach, and South bay Los Angeles). I never got to ask you because of time, plus I'm kinda shy in that big of a group:
Do you think now is an OK time in the market still to get into flipping? (I'm tired of putting so much time and energy into fixing up our houses only to get an increase of 1-200$ rent. I want to expand to flipping. I agree that comparable ARV values and pricing construction costs properly are the most important things)
Only complaint about the FIBI meeting is i just wish it went longer!!!
PS I'm the one that went "woot woo" when you mentioned biggerpockets lol
Will, to answer your question, I think anytime (almost) is a good time to flip and an savvy investor can make money flipping during all market cycles, though some areas are more conducive to this than others.
The one time I would not recommend would be during a market free fall (like 2007 in So Cal, Vegas, Fl, etc.