On The Market 92: 2 Real Deals in 2023 That Could Come with Big Red Flags
Don’t think you can find cash flow in a high-priced market like Florida? What about doing a fix and flip with today’s rising rates and high-priced renovations? Don’t know if your rental’s zoning could sprout numerous red flags on a sale? We’ve brought some On the Market listeners in live to go over the deals they’re doing in 2023, which concerns they’re coming up with, and how they’re building wealth while battling against the economic tidal wave hitting the housing market.
Michael Yi and Matt McMains, two of Henry Washington’s mentees, have been trying to hit home run deals in Florida. Michael was able to lock down an underpriced rental property that has almost unbelievable cash flow but with some zoning red flags that could catch him off guard in a sale. On the Panhandle, Matt is weeks away from closing on an out-of-state flip, but with rates jumping up and property holding time getting pricey, expert flipper James Dainard advises caution when getting into a deal like this.
One thing is for sure; there are still plenty of ways to profit with investment properties, EVEN in today’s wild housing market! So stick around, and hear exactly how you should be doing your deals as 2023 unfolds.
Want to talk about your real estate deal on the show? Email Kailyn@biggerpockets.com with all the nitty gritty details!
In This Episode We Cover
The overlooked Florida city that has BIG cash flow potential in 2023
Rental property zoning and how to ensure your designation WON’T ruin a future sale
Rental renovation tips and which materials to use for which type of renter
Hard money loans and how rising interest rates are making holding costs sky-high
When to negotiate your deal (EVEN if your due diligence period is up!)
Flipping vs. renting vs. wholesaling, and when to walk away from a deal
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Try RentRedi on Your Next Rental Property
Connect with Michael & Matt:
Michael's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-92
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