Flipping America 102, Year End Show

FAR 102

Expected Air Date: 12/28/17

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Looking Ahead to 2018

By the end of the year:

  1. Interest rates will be up – between 4.5-5.
  2. Values nationally will continue to climb, but not as much as over the previous 12 months. 4-5% vs 7% in each of the past two years (and 10-12% the years before that).
  3. The coastal areas will see slowing in sales
  4. All areas will see movement back toward a balanced market.
  5. Foreclosures will be at an all time low for six months and begin to creep back up toward the end of the year. Levels will still be at all-time lows.
  6. The hedge funds that are still in houses won’t be going anywhere in 18. They have finally started making money.
  7. Fix and Flip opportunities remain:
    1. What the Funds don’t want.
    2. In the areas where the Funds don’t operate
    3. Smaller older homes in booming areas.
  8. When you buy right – the opportunities are there everywhere.
  9. No reason to change your max offer.
  10. Buy right, buy and hold. Shoot for 8-9% cash on cash return. Higher if borrowing the money.
  11. REITs and crowdfunds to consider – NOT retail space. Office space, industrial or manufacturing space. Look for funds that grow equity as well as dividends.
  12. Choose partnerships in SFR rentals where you can find them.
  13. Highest passive returns will be in funding flips. Always been true but especially this year.
  14. Flips accounted for 5.8% of sales over the past 12 months. I expect this percentage to dip slightly in the next 12 months, but it won’t be a significant change.
  15. There’s PLENTY of room for new investors to get in, but urban markets are getting saturated with real estate investor wannabes.
  16. More opportunities will be available in medium size cities and suburbs, but opportunity will still remain in gentrifying location. Gentrification is similar to the “buy in the path of progress” adage.
  17. BIGGEST opportunity of 2018 – for anyone who can figure out how to make monty building affordable housing in key urban areas.

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