Updated over 5 years ago on . Most recent reply
Flipping Houses Out of State
What are the best cities for flipping houses- under $100k? Thanks.
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James Wise
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James Wise#3 All Forums Contributor
#3 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Whether or not you'll be good at flipping houses doesn't have anything to do with the market you are flipping in. It's about your skill set to run a house flipping business. In a nutshell the skills needed to be good at flipping houses are as follows
- The ability to market to distressed sellers.
- The ability to sell the sellers on closing a deal with you.
- The ability to accurately estimate repair scope and cost.
- The ability to manage a construction crew and come in on time as well as within the budget.
- The ability to accurately estimate the eventual resale vale of the property.
- The ability to market and sell the property.