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We @JBREC just surveyed 400+ flippers about #fixandflip conditions in partnership with Flatiron Realty Capital and @SundaeHQ.
Key takeaway: There is a TON of competition for deals right now.
MARKET COMMENTARY THREAD 🧵 ->
#LasVegas flipper: “Market is oversaturated with inexperienced investors due to an increase of “gurus.” Supply is low, demand is high, and prices are inflated 20%+ over ARV. Not sustainable.”
#Phoenix flipper: “Phoenix is a very active market with home prices on the rise. The competition is aggressive.”
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