A real estate flipper lost about $100,000 on each of several $500,000 properties when interest rates rose in 2022-2023, leaving him hundreds of thousands in debt. He recovered by switching to wholesaling, assigning contracts to other investors for quick cash to pay down what he owed.
they don't have to fix it up like a rehabber and put all that money into the property and hope that they'll be able to sell the property for a profit. Now, flipping makes good money, but also there's a giant risk. I was flipping properties in 2022, '23 when the interest rates increased and I freaking got hosed. I had a couple properties that I had bought and I bought them for like, let's just say $500,000. And when the interest rates went up, they dropped by like $100,000. So I ended up owing and losing like hundreds of thousands of dollars. That I've had to pay back, which is fine because I know how to get out of debt and I've used wholesaling to get out of debt. But anyway, there's a giant risk when you flip. You can make a lot of money, but you can lose a lot of money. And you can talk to any rehabber.
Why Traditional Wholesaling Keeps Failing You (Use This Pre-Flip Method Instead)
