California investors! To Flip or not to Flip

6 Replies

So as you all may have heard about the “Full Enforced Lock Down” that the government is planning to implement, my question is to all my fellows home flippers all over California, are you going to continue to flip? The market has been pretty strong and hot, some investors didn’t seemed fazed towards the pandemic the first shut down, they continued to buy.

What would be you play of action this time around? Are the investors the sat on the sidelines still think to sit it out again or be more aggressive on flipping properties? And are the aggressive investors still aren’t going to let this faze them or has their mentality changed and slow it down in the mean time? I’d love to hear both sides to this and hope everyone stays safe and continue to prosper.

@Josh Loayza we are waiting on the downturn to bring out more opportunities, but are full steam ahead now and next year. The shutdown slowed us down for a few weeks, but the contractor was ready to get back to work the day after he became an essential employee.

Good Investing...

Full lock down?  Our state's governor was just at a large dinner party at a fancy restaurant celebrating with a big group the other day.  Can't possibly be a "full enforced lock down".   

Newsom attended French Laundry party with more households than California advises during pandemic

Just keep working and stay safe.

Originally posted by @Josh Loayza :

So as you all may have heard about the “Full Enforced Lock Down” that the government is planning to implement, my question is to all my fellows home flippers all over California, are you going to continue to flip? The market has been pretty strong and hot, some investors didn’t seemed fazed towards the pandemic the first shut down, they continued to buy.

What would be you play of action this time around? Are the investors the sat on the sidelines still think to sit it out again or be more aggressive on flipping properties? And are the aggressive investors still aren’t going to let this faze them or has their mentality changed and slow it down in the mean time? I’d love to hear both sides to this and hope everyone stays safe and continue to prosper.

The housing market is red hot and will remain so as long as rates stay around 3%. It’s business as usual other than safety precautions. People that need to sell still need to sell and those who need to buy are still buying. 

Construction will most likely continue to be an essential service so the lockdown should not impact you too much. You should, however, be mindful of rising materials costs and home prices since that will impact your bottom line. Good luck!