2024 was a great FLIPPING year

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  • Zachary DealPro Member
    Lender · Member since 2023 · 464 posts · 425 votes
    1y

    Hi MacKaylee! As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals. Higher interest rates are keeping some buyers out of the market so properties are sometimes sitting for longer or not getting the desired price. However, most of these properties still cash flow well (or enough to cover PITI). Lots of folks are pulling out cash based on the appraised value for their next projects and holding for a few years to benefit from appreciation. They may sell in a few years when interest rates drop or keep it longer term as cash flow on the property improves!

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  • Peter MckernanBusiness Member
    Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
    1y

    I think these times (the last two years), and this year are the ones that will give birth to some of the best investors. If you can manage to keep up with the real estate market in these markets that we have come to hit, and still be able to navigate the unchartered waters. You are going to be great through the highs of the next few years after this year. The 2008 timeframe was different and in situations a lot harder than now, but this market will shape a lot of investors that found their new market, product to focus on, and/or to dive in deeper when times get tough.  

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