Hi fellow investors! My husband and I got serious about flipping the end of last year. I got my real estate license and we got busy looking for deals. My experience was that finding properties that we could make a profit on were slim. I would put together my numbers based on comps and estimates, and then set a price we were willing to pay. Specifically auctions, the houses would go for way more than I felt fit into a rehab budget. I am surprised by how much more people were willing to pay and wondered how they would make any money. I quickly got frustrated and we walked away from our dream of flipping. I am a interior designer as well, so we started a curb appeal design business instead. That business is doing fine, but we still have the itch to flip houses. I just wanted to get other flippers opinions on flipping houses in this area and if they feel there are still deals to be found here?
thank you for your feedback... I agree about the wholesalers... I am not seeing properties that need to be done and feel they are asking too much. I just wonder if this area is tapped out and maybe too much competition? I am interested in holding properties and renting them, but we wanted to flip some first. Our goal was to flip 3 hold 1, flip 3 hold 1.... but I feel so disappointed finding a deal.... we are very good at rehab so we aren't afraid of properties in bad shape. We live in Clearwater so we want our flips to be close to us for a while.
What Broker are you with?
I just PM'd you regarding the value I bring to the table when dealing with off-market real estate. If anyone is in the same boat as Shannon, please reach out to me. I can be very helpful and point you in the right direction if it is something I am unfamiliar with.
My network has grown exponentially in the past year, so what ever you need I have it or have the means to find it.
Off of this topic but I am interested in your Curb appeal business. I will send you a pm. Glad you posted!
I just wanted to check in and see if you were able to find any properties that you were able to flip.
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