Is there still a market for flipping?

7 Replies

Hello everyone,

Is there still a market for flipping in the Los Angeles area? I’ve been reading negative articles saying that profits have dropped from flip projects. Now I know it’s a case-by-case situation, but is it still profitable to buy houses cheap and flip them? If you’ve noticed a substantial decrease, what would you attribute it to? Thank you!

@Sarkis Gezalyan

The profits drop when there is such a massive amount of competition. Flippers are overpaying for FOMO (fear of missing out).

Do you want to make money or follow the crowd? If you want to make money, you might want to consider doing something different or somewhere different.

Originally posted by @Sarkis Gezalyan :

Hello everyone,

Is there still a market for flipping in the Los Angeles area? I’ve been reading negative articles saying that profits have dropped from flip projects. Now I know it’s a case-by-case situation, but is it still profitable to buy houses cheap and flip them? If you’ve noticed a substantial decrease, what would you attribute it to? Thank you!

 There is no "article" you will read in the media that has any accurate information or statistics about the business of flipping as it occurs in the real world.

There will be better times, there will be worse times, but there will always be a market for buying a rundown house and fixing it up to resell it.

@Sarkis Gezalyan

I don't think i'm experienced enough to give you a good answer.  I still don't see how anyone is going to find enough inventory in Southern California. My guess is they will find that the money they are making is not going to be worth their while or worth the risk.