House flipping profits are off the charts, so why are so many house flippers leaving the market? Top flippers like James Dainard have seen their profits almost double, EVEN with today’s high interest rates. Wouldn’t now be the perfect time to take on more flips than ever? The experts say “no.” In fact, many of them have stepped away from flipping entirely, worried that the risk FAR outweighs the reward.

To give us a more rounded view of this real estate market are Jessie Rodriguez and “I hate real estate but love money” investor Tarl Yarber. Jessie and Tarl have done HUNDREDS of flips throughout the past decade, but now, they’re doing fewer flips than ever before. With high holding costs, an uncertain economic future, and a greater risk of failure, now might not be the best time to start your flipping empire.

But if you have experience, money, or time, you could make some serious returns if you are willing to take the risk. James, Jessie, and Tarl talk about what they’re looking for in today’s market, how to instantly lower your cost of labor on any flip, why so many expert flippers are leaving the business, and why you should “dollar-cost average” in real estate investing.

In This Episode We Cover:

The state of house flipping in 2023 and whether or not now is the time to jump in

Interest rates, holding costs, and how much you can expect money to cost

Why “quick flips” are FAR safer now than extensive, heavy rehab house flips

Why Tarl quit flipping and the signs he’s waiting for BEFORE he gets back into the game

Labor costs and how Jessie INSTANTLY cut down his rehab budget 

Dollar-cost averaging in real estate and whether or not it’s a smart move for rookies

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

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

Dave's BiggerPockets Profile

Dave's Instagram

James' BiggerPockets Profile

James' Instagram

Unbelievable Returns from Flipping This New Type of Real Estate w/Jessie Rodriguez

Flipping Houses: How to Get Started and Everything You Should Know

Connect with Jesse:

Jesse's Instagram

Connect with Tarl:

Tarl's BiggerPockets Profile

Tarl's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-142

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices