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Updated over 5 years ago on . Most recent reply
Is it a bad time to fix and flip do to the virus?
I’m stationed near Seattle and I’m finally ready for my first fix and flip deal. Now that the virus outrage is happening.. I’m second guessing myself and thinking I should wait. Any thoughts?
Most Popular Reply
Michael Haas
#4 Starting Out Contributor
Agent
Pro Member
#4 Starting Out Contributor
- Real Estate Agent
- 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
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Michael Haas
#4 Starting Out Contributor
Agent
Pro Member
#4 Starting Out Contributor
- Real Estate Agent
- 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
I'd be very selective - I do believe that there is never a bad time to buy a good deal, but I personally feel far better about Buy-and-holds than Fix-and-flips right now. Buyers are adopting a "wait and see" mindset, so you may find the market softening significantly, with many buyers postponing their home search by the time you finish your flip and list it.
- Michael Haas
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