Article: "Home Flipping Rates and Profits Drop in Q1 2021"

I just read an interesting article about home flipping statistics: https://nationalmortgageprofes...

It seems that the rate of home flips as a percentage of all home sales, as well as the profit margin for flips, have both have decreased in Q1 this year, with the exception of a few metro areas. I would be interested to hear about the experience of any active flippers here who have noticed this trend in their own businesses, and if you have done anything to pivot your business. How are you finding deals, and what are you doing to extract the maximum profit from your flips?

My wife and I have set a goal to buy our first flip by 6/22/23, so we are still in the early stages of looking. We are looking to invest in Northern NJ. What recent lessons have you learned that would benefit someone who is looking to get into their first flip?

Thank you for taking the time to read and engage!