Is it a bad idea to continue flipping homes in this market?
I’m sure this question has already been posted so I’m sorry if this is a repeat. How is everyone feeling about flipping homes during coronavirus mess? I am looking at two opportunities right now and Both have multiple exit strategies. They would be great fix and flips, great to hold for myself as rentals, or great to sell off as turnkey rentals. Because there is more than one exit strategy I feel comfortable moving forward with the deal regardless of the market however my first option would be to flip these homes to a residential buyer and move the capital into larger deals. Hoping to get people’s opinions on fix and flips right now. These homes are located in a smaller market of around 15k people. I know the issue we have today is much different than 2008 but this market did not see much of downturn during the Great Recession. Thanks ahead of time for your opinions.
Justin