Sounds strange right?
Everyone knows the real estate “hot time” is during the literal hotter months – June, July, August and around there.
But, I’m going to show you today that real estate investing doesn’t follow those same rules… and in fact that the opposite is true.
If you’re looking for an advantage as a fix & flipper, start by considering upping your game during November and December.
4 Reasons December is the Best Time of Year to Fix & Flip
1. Off-Season Prices are Discounted
While most people understand the best time to sell is during the summer, many people don’t have a choice. Maybe they urgently need to downsize. Maybe life situations came up and they need to move right away. Or maybe the owner got an out-of-state job.
Whatever the situation, many moves can’t be helped. And properties are usually at their lowest prices during this time of of year.
2. Projects Will Finish During the Peak Selling Season
The name of the game is buy low and sell high, right?
Well think about the timeline:
Let’s say you close on a deal in December… and the rehab/selling process takes you about 6 months (that’s pretty standard in my experience). That means you’ll be in the market to offload your property right during peak season.
3. Less Competition for Deals
There are always going to be less people working around the holidays – that’s just a fact.
Seasoned fix & flip pros? They’ll take time off because they can afford to.
Brand new flippers? They’ll say wait until next year.
Most of your competition is relaxing, and if you’re clawing to get your first flip or two, this might be the best time of year to do so without worrying about more experienced competition getting to the deal before you.
4. Off-Market Deals Don’t Care What Time of Year It Is
This might be the most important point of all…
But you have to understand something first.
I DO NOT find deals on the MLS, except for very rare occasions. The deals that I find happen by targeting a specific group of people that qualify for certain parameters, and then I market to them. They haven’t put their deals on the MLS, but the owner IS already thinking about potentially moving on from the property yet.
So virtually all of my deals are off-market deals, and the beauty of those is that you can find them regardless of the time of year.
The idea with fix & flips in general is finding people going through a transition:
- A father’s death leads to kids inheriting an unwanted home.
- An elderly lady moves into a retirement home and doesn’t need her house any more.
- An owner finds that his rental has been trashed and is sick of dealing with it.
- The owner loses his job and can’t pay his mortgage.
Those types of events don’t wait until the “peak season” in July – they happen when they happen.
So, if you’re waiting for the New Year to jump (back) into fix & flips, you may have already missed your opportune window to get started.
I’d love to help you get started and work with you to hit your fix & flip goals. If that sounds like something you’d be interested in, click the button below and answer the short questionnaire to see if we’re a good fit!
Learn how you can make money flipping properties with us by attending our next webinar.