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Rehabbing & House Flipping

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Dennis Nguyen
Pro Member
  • Real Estate Agent
  • Seattle, WA
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Dennis Nguyen
Pro Member
  • Real Estate Agent
  • Seattle, WA
Replied May 8 2023, 15:35

What is your experience in terms of real estate investing? I know of a few flippers who are still making money in today's market, so it's still a good time if you know your buy box and have great connections with contractors. 

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied May 9 2023, 03:53

It's a good time to start at any time. Know what kind of market you are in and be conservative with the ARV.

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David Ramirez
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#1 Wholesaling Contributor
  • Wholesaler
  • Tampa, FL
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David Ramirez
Pro Member
#1 Wholesaling Contributor
  • Wholesaler
  • Tampa, FL
Replied May 10 2023, 05:14

I wouldn't play the waiting game. Be more conservative with your numbers and take action!

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Replied May 10 2023, 05:18
Quote from @Sai Venkat Vara Prasad Masaram:

I am just trying to start off in real estate fix and flip, is it a good time in the market to start now in the Seattle area??


 yes it's good time as interest rate would be lower in 2 - 3 years time frame, if you fix/flip, flip it in more Class A/B property.

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Eric Yu
  • Real Estate Agent
  • Seattle, WA
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Eric Yu
  • Real Estate Agent
  • Seattle, WA
Replied May 10 2023, 17:19
Quote from @Sai Venkat Vara Prasad Masaram:

I am just trying to start off in real estate fix and flip, is it a good time in the market to start now in the Seattle area??


 Hi Sai, there's always opportunities to do fix/flips. It just comes down to your underwriting & risk tolerance. You make your money on the buy, so as long as you can find the right buying opportunities, there's never really a "bad" time in the market. Just be conservative, and you'll be okay. 

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Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
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Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
Replied May 16 2023, 00:10

@Sai Venkat Vara Prasad Masaram, it is always a good time to start as long as you have a good deal, and other investors are supporting you

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Yael Lederman
  • Miami, FL
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83
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Yael Lederman
  • Miami, FL
Replied May 16 2023, 07:52

I agree with the advice to take action! That said, if you want to wait I would focus on spending your time building a great local team. Your team is make/break for flips so building those relationships will pay off when you're ready to start flipping.