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Updated about 3 years ago on . Most recent reply

User Stats

26
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19
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Dom Cassissa
  • Staten Island, NY
19
Votes |
26
Posts

Future of flipping with fast rising rates?

Dom Cassissa
  • Staten Island, NY
Posted

I’m curious if any other home flippers are thinking what I’m thinking about these fast rising rates. While 5% on 30y is still historically low, I’m wondering & sort of nervous to be honest that some flippers (hopefully not myself) will get caught holding the bag. With rates rising quickly enough to price a buyer out of a home, I’m wondering if anyone sees a likelihood of buying a flip, doing the rehab & then near selling time seeing rate hikes push the price down against us to compete with the economic market. Basically pushing or keeping the price down making it hard for us to profit. I’m curious what you guys think about this topic??

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