Flipper/Rehabber · Charleston, SC · Member since 2015 · 5 posts · 2 votes
Hi! I'm a fix and flipper in Charleston, SC by trade but looking to expand out to STRs in another market. I've done about all the research I can do but getting gun shy about pulling the trigger. Part of that being i'm not used to working off the MLS as I acquire all my flips off market. Seems tough to BRRRSTR off the MLS without taking on a full gut job.
Also more importantly, worried about potential vacation slowdown next year. Are you making any changes to how you underwrite new deals right now? I'm eager to get going and it's easy to say wait til the time is right but i know that's not the right attitude.
Hi! I'm a fix and flipper in Charleston, SC by trade but looking to expand out to STRs in another market. I've done about all the research I can do but getting gun shy about pulling the trigger. Part of that being i'm not used to working off the MLS as I acquire all my flips off market. Seems tough to BRRRSTR off the MLS without taking on a full gut job.
Also more importantly, worried about potential vacation slowdown next year. Are you making any changes to how you underwrite new deals right now? I'm eager to get going and it's easy to say wait til the time is right but i know that's not the right attitude.
Thanks!
Who is calling for a slowdown in travel? I don’t see macroeconomic conditions that would indicate that.
Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
4y
It is interesting that so many people are talking about a slowdown in STR but there is no indicators so far. People will still save for vacations and go. We are booking out 2023 right now and I have 2 bookings for 2024.