Houston vs Miami for Fix&Flips
Hi guys,
I was working out of Vegas for 2 years. During that time I was involved in projects ranging from $100k to several million dollars. I am now looking at Houston and Miami markets to do Fix & Flips ONLY, because of greater amount of wholesale deals we get. What are the Pros & Cons of both markets for Fix & Flip Investing that would help me make a decision to chose one over the other. Any opinion / advice will be highly appreciated :)
Thanks!
Most Popular Reply
Hey, @Lukas Vanagaitis I can't comment on Miami, but I am working here out of the Houston market so can be of any assistance that you might need. I am an investor who is currently studying for my realtor's license. My goal is to specialise in working with Houston "flippers" to oversee a lot of the process. This will include listings once the project is completed, at discounted/flat rates for regular investors. Also happy to work with those out of state, and can be the eyes on any ongoing projects. If you want to hop on a call, feel free to send me a PM.
The Houston market is hot...very hot, and deals seem to be getting picked off pretty quickly. However, the flippers who I am in contact with now are hitting on some pretty great deals. In my experience, it's tough to find at 70% minus rehab costs, closer up to the 80% although they are still around.
Regards,
Joe