How do you identify two or three housing markets that look promising to fix and flip houses?
- ?Lv 72 months agoFavourite answer
Its mostly about local knowledge. Get to know the housing market in your area, get a feel for what houses typically sell for, and know where the big areas of growth and development are. You've also got to have a feel for the individual house. Prrtty much any house anywhere can be flipped for a profit as long as you avoid the expensive stuff like structural problems, black mould, etc and go for cosmetic issues that would put off most buyers, but are an easy fix
- Anonymous2 months ago
That is tough because to identify a single housing market is a challenge unto itself. Thus I suggest you find experts in each market, experienced realtor's who know their market well, to what I call "bird dog" for you. To seek out flipping opportunities and see which markets offer the best return on investment.