Fix and Flip Investing
Hi all! New to BP. I'm wondering if Phoenix is a lucrative market to fix and flip property, and wanting to connect with someone who fix and flips here in the valley, or an investor who is interested in that. Thank you!
Most Popular Reply
Phoenix is solid for flipping, but it's more market-dependent than it was three years ago. The valley's gotten competitive, and a lot of the easy deals have dried up. If you're new to investing AND new to Phoenix, I'd be honest: the learning curve is steep right now.
That said, there's still money to be made in specific neighborhoods. South Phoenix and parts of Mesa/Tempe still have decent rehab spreads if you can get your comps right and your contractor budget locked down. The key is knowing which areas have actual appreciation and which ones just looked good on Zillow.
Before you jump in, spend time actually looking at deals. Drive neighborhoods at different times of day. Talk to contractors about labor availability and cost trends -- that alone will tell you if now's the right time to flip or hold. Phoenix's labor market has gotten tight, and that impacts rehab timelines and costs way more than people factor in.
Are you planning to work with an agent or wholesaler for deal sourcing, or are you finding your own off-market deals?