To all the flippers out there, what are you seeing in your markets?
I am always looking at flipping opportunities but have been really skiddish due to the uncertainties in the market right now. On the one hand, in my market (Phila), well rehabbed and well priced listings are selling at steady prices, in some cases for even more. I do feel like timing is extremely important because buyers are so sensitive to interest rate trends. You put your house up when rates dip - you win, you put it up when they spike - it cuts into your bottom line. I am making offers, but I would say they are offensive. I don't want to find myself in a position 6 moths later with no equity. What are you guys seeing? Are you accounting for more risk when making offers?
