All Forum Posts by: Anna Washburn

Anna Washburn has started 6 posts and replied 27 times.

Investors should be focusing on appreciation and not cash flow with rentals in this shifting market...

2 Votes

Both strategies work in any market, the key to being successful is by buying either type of deal correctly. Account for decreased ARVs, unforeseen renovation costs, etc. Pad your numbers during your underwriting and you'll typically come out on top.

You make your money when you buy correctly.

Is there a good rule for how much I should decrease ARV by?

1 Vote

Philadelphia, Pennsylvania

Quote from @Paul De Luca:

@Anna Washburn

Why not both? If you've been flipping and having success, why try to fix something that isn't broken?

Keep flipping and reinvest your profits into rentals.

why have one, when you can do both! completely agree.

1 Vote

Philadelphia, Pennsylvania

Quote from @James Dainard:

Quote from @Anna Washburn:

With the interest rates on the raise, would it be better to stop flipping and change to buy and hold strategy?

Hey Anna,

The ideal situation is to ink deals that pencil both ways.

If you're getting through the reno and rates go down to increase the demand for your product from end-users then you can decide to sell. If rates continue their current trend you want to make sure that your rental calc has those refi rates padded so you're not going to be losing money each month.

Just make sure you're getting a deal on the buy and you'll have an easier time with disposition.

Thank you! Makes sense. Having deals this way, I could rent the property for the next year or so, wait for these interest rates to drop and then flip the property.

1 Vote

Philadelphia, Pennsylvania