Remove Closing Remove Construction Remove House Flipping
article thumbnail

How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

They closed nearly $40 million in volume in 2024, vibe flipping luxury homes. They walked us through their exact strategy for building a team, finding homes to renovate and sell and which renovations get the best ROI at the closing table. Claire and Sam OConnor are living your HGTV-inspired rockstar Realtor dream life.

Closing 362
article thumbnail

Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. I don’t believe housing inventory below 1.52 housing market. We have more housing starts under construction now than in recent history!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Insider Secrets About House Flipping To Put You on the Path to Profitability

Realtor.com

The truth is that flipping a house is rife with challenges, from financial setbacks to breakdowns in communication with your construction crew. So how can house-flipping newbies compete today? It’s also important to have your own financial house in order before you start. “If

article thumbnail

6 Best Fix and Flip Loans in 2025

The Close

When you need to finance a house flip, you need a loan that offers a repayment term that fits your project timeline, can close quickly, and, of course, doesnt have unrealistic eligibility requirements. This also allows it to close in as little as seven days. 11.25% Covers up to 92.5%

Loans 45
article thumbnail

Should You Flip a House in 2023? Well, It Depends

HomeLight

If you’re thinking about flipping a home in 2023, is it still a good idea? What is house flipping? House flippers buy homes , hold them for a couple of months, and then sell them for a profit (that’s the flip part). Is flipping a house a good investment in 2023? Closing costs. Contractor fees.

article thumbnail

When Will the Housing Market Crash Again?

Marco Santarelli

Mortgage Rates : Mortgage rates continue to hover around historically high levels, close to 7%. Speculative Investing : The previous era saw rampant speculative investing and house flipping, which is much less dominant now. For instance, as of May 2024, the median home sale price was approximately $419,300, an increase of 5.8%

Marketing 131
article thumbnail

How to Flip a House: A Beginner’s Step-by-Step Guide

Point2Homes

So, you’ve decided to enter the exciting world of house flipping. In this guide, we’ll take a look at the key steps you’ll need to take to flip your first house. When looking for houses to flip , it’s important to think like an investor, not a homebuyer. Sell Your Flip. Find a Property.