Is Flipping Becoming Less Profitable?!?! Don't Panic, There Is Still Hope (Methodology)
Greetings #ForeclosureDealsCoach Family!
We had to take a quick break last week, but we're back with more information on the latest in real estate investing news. In today's episode, we discuss the phenomenon of "shrinking home-flipping profits" proposed by CNBC in today's article. As investors and flippers, this might send a shiver down your spine, however, we understand that the talking heads in real estate (of which we are one lol) can sometimes push narratives that don't always line up with reality. The cost of resources and rising prices of homes have definitely made real estate investing and flipping more expensive in general, but on a show where we emphasize the importance of "buying a deal," our listeners should be able to use the things they've learned from us and other sources to buy even better deals if they see your profits decreasing over time. So we should be asking ourselves, "what are some signs of rising costs and shrinking profits that I should look out for in my market," and "what can I do as an investor to protect my profits and continue scaling my business?"
Stay tuned as the guys break down today's article and give you their perspective on wise strategies you can employ in your business to safeguard your long-term viability as you continue to grow.
Mentioned in today's episode
Propstream
Launch Control
Foreclosure.com
GoHighLevel
RentReporters
Here's a link to the article Donny discussed in today's episode:
Home-Flipping Profits Are Shrinking, But Here's Where You Can Net The Most
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