How have higher interest rates changed your flipping strategy?

[Ravi Kaku]

I'm curious how experienced flippers have adapted over the past couple of years. Obviously higher mortgage rates have affected affordability on the resale side, but I'm interested in how that's changed your actual investment decisions.

From the investors I've worked with, one trend I've noticed is that more are choosing to hold properties for a year or two instead of selling immediately. We've seen an increase in investors transitioning into long-term financing, which makes me wonder if that's becoming a more common strategy or if it's just what I'm seeing locally.

Have you found yourself:

• Requiring a larger spread before buying?
• Negotiating deeper discounts?
• Reducing rehab budgets?
• Holding properties longer and renting them out instead of flipping?
• Lowering resale prices to move inventory faster?
• Changing the types of properties or neighborhoods you target?

I'd love to hear what's changed the most for you and what strategies have worked in today's market.