Everybody's talking about the rate lock problem.
But that's not what's actually trapping homeowners right now.
It's renovation debt. And almost nobody's talking about it.
64% would rather renovate than move. But 58% regret it, 30% went into debt just to finish it, and 58% have nothing saved for emergencies.
I think the 22% who say they overspent is low, by the way. Way low.
Here's where it gets interesting for us as investors.
These are your future sellers. The ones sitting on a half-done kitchen they couldn't finish, took out a HELOC, and now can't absorb one HVAC replacement.
Every half-done kitchen you see in the marketplace right now is a potential deal.
I broke all of this down on the latest episode, the data, what it means for your market, and where the opportunity is building right now.
This is not the time to be sitting on the sidelines waiting for the market to hand you something.
And it's not the time to go full HGTV and over-renovate either.
It's the time to build. To become the professional, the expert, the operator who's ready when the opportunity actually shows up.
Because the investors who won in 2020 didn't start in 2020. They spent years before that building the business to capitalize on it.
That's what we do inside 7 Figure Flipping.
If that's you, come find out if you're a fit.
CLICK HERE to Apply for 7 Figure Flipping:
http://7figureflipping.com/apply
Catch you later!
But that's not what's actually trapping homeowners right now.
It's renovation debt. And almost nobody's talking about it.
64% would rather renovate than move. But 58% regret it, 30% went into debt just to finish it, and 58% have nothing saved for emergencies.
I think the 22% who say they overspent is low, by the way. Way low.
Here's where it gets interesting for us as investors.
These are your future sellers. The ones sitting on a half-done kitchen they couldn't finish, took out a HELOC, and now can't absorb one HVAC replacement.
Every half-done kitchen you see in the marketplace right now is a potential deal.
I broke all of this down on the latest episode, the data, what it means for your market, and where the opportunity is building right now.
This is not the time to be sitting on the sidelines waiting for the market to hand you something.
And it's not the time to go full HGTV and over-renovate either.
It's the time to build. To become the professional, the expert, the operator who's ready when the opportunity actually shows up.
Because the investors who won in 2020 didn't start in 2020. They spent years before that building the business to capitalize on it.
That's what we do inside 7 Figure Flipping.
If that's you, come find out if you're a fit.
CLICK HERE to Apply for 7 Figure Flipping:
http://7figureflipping.com/apply
Catch you later!
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