what areas of the country are good right now for flipping real estate?
October 1, 2008 by admin
am wondering if there are areas of growth now, and where they are. thinking of flipping a residential property in an area that is growing.
None. Unfortunately, all the shows on TV have driven up the prices for prospective properties, making your initial investment more than it would have been 4 or 5 years ago. And with the buyer's market that much of the country is in, prices are down and Days On Market are up, cutting into your profits.
not a good time for flipping
great time for buying–if you can get financing
References :
None. Unfortunately, all the shows on TV have driven up the prices for prospective properties, making your initial investment more than it would have been 4 or 5 years ago. And with the buyer's market that much of the country is in, prices are down and Days On Market are up, cutting into your profits.
References :
Oregon Realtor
The best markets at the moment are :
1. Kansas City
2. Colorado
3. Georgia
4. Charlotte, N.C.
5. Dallas, Texas
Make sure you do your due dilligence with all properties and do a good market analysis. Contact the local real estate agents for market comparative and analysis, not all will help but you can find some that can help you a great deal.
If you need funding for your flips you can visit this link and get everything from loans to contractor, appraisers, inspectors and even properties. Go to : http://www.lendinguniverse.com/af/myfundingnow.htm
Good Luck
References :
At your home playing on a Monopoly Game Board.
Remember Buddha's advice:
"Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense." You are the only "expert" you can trust: All brokers and money managers, newspapers, magazines, online and newsletter pundits, all television anchors, and every other special-interest guru is "selling" you something. Don't buy "it."
References :