You Have to Get These Numbers Down in Your Market!!
🛠️ When analyzing deals, it's crucial to understand both flippers and buy-and-hold investors in your market. If you’re looking at a $200K property, 80% of buyers might be buy-and-hold investors, while only 20% are flippers. The difference? A flipper might need to invest $30K for a full renovation, while a landlord might just spend $3K to make it rental-ready. If you only focus on the flipper's perspective, you’ll miss out on deals because you’re aiming too low. Get to know the rental market and what buy-and-hold investors are willing to pay—this will help you price your deals accurately and close more of them! 💼
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