Market timing for flips?
I understand timing the market is nearly impossible - probably even more so now than ever given the market/economy uncertainty from the unprecedented nature of COVID19 - but what are the triggers to keep in mind as a signal that it's a good time to resume acquiring flips?
Looks like a lot (though obviously not all) of seasoned flippers are putting a pause on flipping activity for the moment while we get a clearer sense on the trajectory of the market. As newbie investors, my partner and I are really taking this time to build cash reserves, increase credit scores, and take in as much information as we can. Like everyone else, we're monitoring the economy as a whole, and our real estate markets to see the direction they're going in.
For those of you who have decided to pause flipping, what triggers are you most carefully monitoring to indicate it's a good time to get back in?
Thanks guys, and hope everyone's staying safe!