Flip comps and market viability
Hi!
What is good way to determine if a market will support flips- how do I find info regarding retail homes for sale in my target area?
How many are available
How many have sold
How long did it take to sell
etc
Most Popular Reply
Hey John,
Talk to local agents if you can. They should have a bead on the inventory within the market and how quickly things are moving. Most agents have tools to grab the data you're looking for and package it up for you to review.
Flipping is viable in any market where there's consistent end-user demand. Check the local jobs market to make sure you have stable long-term employers.
Find some listings that have recent sold that were well udpated. You can often look at the history to see when it was purchased for the flip, how long the project took, and how long it took to sell.
Hope that helps!
Best of luck!