Are the flipping days (soon to be) over (again)?
Hi all,
I can't help but notice that everywhere I research, I come across this theme of several markets across the country being overheated. I live in one of the more expensive RE markets in the country - Boston - and I hear no different. This doesn't give me much confidence, as I'm building out my education gameplan to start investing, and I think it will take me, liberally, until June 2016.
If it takes until then, will I be too late? Inventory is already low, competition is high, and sales prices seem relatively exaggerated (MLS is also barely of any use). What are the signs I should look for/track to tell me what direction prices would likely be headed (obviously this isn't a perfect science)? What general guidance would you give to someone who is considering having his first deal be a flip 6 months from now?
How do you guys recommend I start/what options do I have to adjust to the dynamics in my market?
Thanks so much! -Francisco