In recent weeks, I have noticed that more of the real estate investors I talk with have been telling me how profits from flipping residential real estate continue to drop. It’s a “half full half empty” situation, since there are profits even if not as much as previous years.
The article linked below bears out what I have been seeing and hearing. My reason for pointing this out is not to be discouraging or address the apparent downward trend for flipping. As one who continues to focus more with collaborations and consulting with investors and developers, I’m here to create more effective solutions.
My private coaching and consulting with real estate investors often results in developing other strategies to consider in addition to a flip. I am always strongly advising investors to run all of the options when uncovering a potential good investment deal. In other words, look at options beyond flipping for ways to increase your profit potential from an investment.
Sometimes a property makes more sense as a long-term rental, short-term rental, or for BRRRR. Perhaps it makes more sense to tear down and rebuild to make it a luxury property or improve the conditions. You won’t know unless you consider all options.
Research like what is shown in the below article may discourage some investors from pursuing more properties. When that happens, it opens up more opportunities to those that know to pursue every possible angle. Let my team and me help with your efforts!
https://www.scotsmanguide.com/news/home-flipping-proves-less-profitable-in-the-third-quarter/
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