Flipper/Rehabber · Charleston, SC · Member since 2019 · 16 posts · 4 votes
Is there anyone in the BP community that's familiar with the Savannah are? Saw a few house's in my price range (50 -120,00) on redfin. I'm looking to BRRRR or fix and flip.
Rental Property Investor · Savannah, GA · Member since 2011 · 13 posts · 11 votes
7y
It depends highly on the area you're looking at. This city outside of the historic/downtown district isn't seeing massive appreciate in housing prices so if you're going to BRRR or flip make sure you understand the ARV well. In many areas, you will lose your shirt paying 100k for a house, and others you might be ok.
ARV is hard to know in Savannah since taking comps even from a few streets over can be a folly. If you aren't from here, I recommend making a few trips in person here and to really understand a few neighborhoods to invest in. Pick your niche.