To flip or not to flip: market crash?
J Scott mentions that most people are reluctant to start investing because it's "not the right time" to buy or sell. He writes that there are only two conditions that make a successful flip and that's to buy at a low price or sell at a premium. You don't need both. Given the looming threat of a market crash, we would all be looking at buying at a premium and running the risk of selling at a low price. Needless to say, this is not the goal of a flipper. What are you all doing to brace for this dynamic? Does this affect your plan for flipping? What sort of catalysts or measurements are we using to know when to off load our flips or homes financed with short-term money? Are there any unique exit strategies that you could highlight? Cheers!