Is there still a market for flipping?

[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!

[Geordy Rostad]

@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.