Latest / Beyond The Build with Wendell Butler
15. Why Flipping Doesn’t Work Right Now
An update on the market after a few weeks of living with the September rate hike, and how the business has actually changed because of it.
Buyers don’t want to buy at today’s rates, and sellers don’t need to sell since most are sitting on low-rate, high-equity properties. That standoff has frozen transactions, and this episode breaks down why: what to watch (the 10-year treasury, not the Fed headlines), why flipping got paused entirely in favor of development, why the underwriting bar got raised to “home run deals only,” and why the hard money lending side of the business is getting leaned…
The skinny
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