Rehabbers make killings in slow markets… PROVIDED they do it right. Even in the slowest market there are going to be opportunities.
In a hot market the problem is finding the motivated seller (You don’t get too motivated when your house is worth 10k more next month than it is this month)… in a slow market its finding the buyer, its tougher to get your house sold when the buyers have a plethora of choices in front of them.
isn’t so hot? Right now, Florida is red hot. Logic and history tells me this will not last. If I choose to do this, how successful can one be in a not so hot market? I imagine many will be “shaken” out but for the rest…
There are several states that are going to boom in the next few years. The trick is to buy before the boom and hold on for the ride. You can make money in depressed markets too because you will find deals. Money is made when you buy real estate.