Is My Market Good For Fix N' Flip?
What type of data do I need to look for to determine if my market is conductive to fix and flipping? For instance, I assume a lower amount of new construction would be beneficial, and that high sale volume would be a good sign. What are bad signs? What else do I need to consider?
Thanks,
Jeff
I don't think it so much depends on your area as much as the individual houses you are looking at.
You'll need to be able to find a house that you can purchase for well below market value, fix it, and sell it for more than you paid for it including repair costs. You should be able to find these properties in just about any market.
Just make sure you do your homework and know exactly how much similar houses in your area sell for in good condition and then go find one that needs work.
Good luck!