Fix & flip SFR strategy in a bear market

I'm in AM at a small REPE firm and have some time on my hands. I'm looking to build wealth a little faster, so I'm looking into some strategies. I've thought about consulting, owning a franchise, Uber lol etc. But fixing and flipping SFR's sounds like the ideal path since it's complemented by my work experience.

My question is, what does this strategy look like in the current bear market (secondary city in California where the average SFR is $250-350 psft)? I'll have to run some numbers on current $ cost psft to rehab, current $ home purchase price psft (pre-/post-flip), effect of current interest rates on short-term debt obligation, how fast I think I could turn the house, etc. But big picture: Is the current macro risk too much for this strategy to be a generally winning strategy, or assuming I do 95%+ of things the "right" way, can I make a half-decent risk-adjusted annualized return (10-12%+)?

I guess I'll also use this platform to ask two follow-ups: (1) If you think that fix and flip could still be a play, do you have any tips/tricks of the trade (besides working with a really solid GC, which thankfully I have), and (2) if you don't think the strategy is viable but are also looking to generate wealth a little faster (actively), what have you considered instead as a solution?

1 Comments
 

Delectus error ex deleniti magni consequatur fugit ad. Quia ea dolorem est soluta dolor. Et in ut deleniti qui.

Reprehenderit cupiditate magnam quo. Porro sit atque fugit. Porro harum atque aut est fugit ad architecto.

Quo nihil aut qui quasi culpa amet. Odio sint voluptas in aut molestias ex animi. Quidem voluptatem minus et debitis in vero tempora illum. Deserunt vel eligendi placeat corporis.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”