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142: Did High Interest Rates Kill House Flipping? w/Jessie Rodriguez and Tarl Yarber

142: Did High Interest Rates Kill House Flipping? w/Jessie Rodriguez and Tarl Yarber

FromOn The Market


142: Did High Interest Rates Kill House Flipping? w/Jessie Rodriguez and Tarl Yarber

FromOn The Market

ratings:
Length:
53 minutes
Released:
Sep 22, 2023
Format:
Podcast episode

Description

House flipping profits are off the charts, so why are so many house flippers leaving the market? Top flippers like James Dainard have seen their profits almost double, EVEN with today’s high interest rates. Wouldn’t now be the perfect time to take on more flips than ever? The experts say “no.” In fact, many of them have stepped away from flipping entirely, worried that the risk FAR outweighs the reward.
To give us a more rounded view of this real estate market are Jessie Rodriguez and “I hate real estate but love money” investor Tarl Yarber. Jessie and Tarl have done HUNDREDS of flips throughout the past decade, but now, they’re doing fewer flips than ever before. With high holding costs, an uncertain economic future, and a greater risk of failure, now might not be the best time to start your flipping empire.
But if you have experience, money, or time, you could make some serious returns if you are willing to take the risk. James, Jessie, and Tarl talk about what they’re looking for in today’s market, how to instantly lower your cost of labor on any flip, why so many expert flippers are leaving the business, and why you should “dollar-cost average” in real estate investing.
In This Episode We Cover:
The state of house flipping in 2023 and whether or not now is the time to jump in
Interest rates, holding costs, and how much you can expect money to cost
Why “quick flips” are FAR safer now than extensive, heavy rehab house flips
Why Tarl quit flipping and the signs he’s waiting for BEFORE he gets back into the game
Labor costs and how Jessie INSTANTLY cut down his rehab budget 
Dollar-cost averaging in real estate and whether or not it’s a smart move for rookies
And So Much More!
Links from the Show
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On The Market
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James' BiggerPockets Profile
James' Instagram
Unbelievable Returns from Flipping This New Type of Real Estate w/Jessie Rodriguez
Flipping Houses: How to Get Started and Everything You Should Know
Connect with Jesse:
Jesse's Instagram
Connect with Tarl:
Tarl's BiggerPockets Profile
Tarl's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-142
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Released:
Sep 22, 2023
Format:
Podcast episode

Titles in the series (100)

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.