57 min listen
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
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Sep 22, 2023
Format:
Podcast episode
Titles in the series (100)
8: 2022 Housing Market Recap: Will It Get Worse Before it Gets Better?: When we talk about recession indicators, we usually talk about things like housing price drops, mass layoffs, heavy unemployment, and overleveraged consumers. It seems like every time you turn on the news, someone is touting a return of the great recession, without much to back it up. Since the housing market plays such a pivotal role in the economy, we decided to have a housing market recap with our expert investors Henry Washington, James Dainard, and Kathy Fettke, to see if their metrics point to a recession.In a strange time like 2022, almost every real estate investor is starting to get nervous. Home prices continue to rise, and inventory is almost as low as it’s ever been, but at the same time, high interest rates don’t make buying expensive homes attractive anymore. Is there still any juice left to squeeze in this year’s housing market, or are we on a fast track to foreclosures, price cuts, and peak buying o by On The Market