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1244 - 9 House-Flipping Tips for the Risk-Averse From Two Experienced Flippers by Profile Background Jeff Vasishta
1244 - 9 House-Flipping Tips for the Risk-Averse From Two Experienced Flippers by Profile Background Jeff Vasishta
ratings:
Length:
14 minutes
Released:
Mar 11, 2024
Format:
Podcast episode
Description
Pittsburgh-based investor and house flipper John Walker of Turnkey Investment Properties and his business partner, Jim Auten, usually have around 10 flips on the go at any time. When rates were low, and business was booming, that number doubled. However, high rates and low inventory have seen many of their fellow flippers exit the market.
“It’s a case of the last man standing right now,” Walker says.
According to recent Bank of America research, it’s a scenario played out across the country, with sellers staying put for fear of sacrificing a low mortgage interest rate. About 80% of outstanding U.S. mortgages are at interest rates below 5%.
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“It’s a case of the last man standing right now,” Walker says.
According to recent Bank of America research, it’s a scenario played out across the country, with sellers staying put for fear of sacrificing a low mortgage interest rate. About 80% of outstanding U.S. mortgages are at interest rates below 5%.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Mar 11, 2024
Format:
Podcast episode
Titles in the series (100)
736 - Here’s Zillow’s Home Price Forecast for the 100 Largest U.S. Markets. Hint: California is Struggling by Matt Myre by BiggerPockets Daily