1,683,912
Yes, Usually they are a pain to work with, because they are very low bidders.
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Lise Howe
Washington, DC
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Nina Hollander, Broker
Charlotte, NC
1,664,836
Yes and always enjoy working with them.
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John McCormack, CRS
Albuquerque, NM
2,538,633
Good morning Dusty. I have been flipping houses for many years. Most of time we make money, but every once in a while, not so much.
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Nina Hollander, Broker
Charlotte, NC
2,443,250
Yes, and they are paying more for those properties these days.
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Nina Hollander, Broker
Charlotte, NC
2,224,473
I have had a few clients like you describe. It's been fun working with them and seeing the finished product and listing it.
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Nina Hollander, Broker
Charlotte, NC
5,879,676
I have had investors purchase for a rental for a few years and make some money, but not a flip so far.
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Nina Hollander, Broker
Charlotte, NC
1,242,204
There is still fairly amount of flips going on. Add a lot of cosmetics, instant lawns, crown moulding, affordable hardwood etc.
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Sam Shueh
San Jose, CA
3,988,013
Yes I have for years. Some have stopped adn others have slowed down since our market has improved so much and foreclosures are so few.
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Nina Hollander, Broker
Charlotte, NC
4,800,132
283,833
So, next weekend I am signed up to see what "Flipping Boston" is all about. Even after 20+ years in Real Estate and Appraisal - I figured I might learn something new....stay tuned!
15,145
Yes I work with R&R (rehab & resale) investors also known as house flippers. They understand that they will not get every home they bid on but it's a numbers game for them just like most Realtors and their lead generation strategies.
4,906,660
699,277
2,379,870
Not enough! LOL - it is hard to find houses in this area worth flipping - that boat sailed about three years ago.
921,504
You bet.
However, they are now modifying their BP, due to acquisition costs, to long holds.
Those still flipping entry houses have found IKEA to be their savior in creating the margins they want.
5,116,528
In 23+ years in the business, I've had any number of investor clients who purchased for rental income, but I've never yet hyad a "flipper" client. Maybe it's because many of these work in a much lower price point than I do.
5,583,328
yes, we have builders who are my age and they like to buy, fix and flip....
2,759,862
I have done several of these. Always a nightmare as they need so much work.
979,596
Dusty - I have never had an investor flip properties, but I sure wish I had some. I would also like to have some buy and hold investors as well.
1,625,253
I do have a list of investors and investor groups who have different exit strategies for investing in real estate. But with our prices these days, even fixers are sold for market value with multiple offers.