Search for Fix and Flip areas

[Ali Reza]

Hi Everyone

I had entered the USA market for fix-n-flip and already searched the market but still debating between several areas. my budget for start is 150K-200K All-in.

the areas I checked are Cleveland, OH Columbus, OH Indianapolis, IN Pittsburgh, PA San Antonio, TX Houston, TX DFW, TX

Does anyone have any idea or some tips that can help me to choose the area?

I looking for a minimum of 25% ROI. (same as my age) :))

I appreciated your help

thank you very much

[Wale Lawal]

Originally posted by @Ali Reza:

Hi Everyone

I had entered the USA market for fix-n-flip and already searched the market but still debating between several areas. my budget for start is 150K-200K All-in.

the areas I checked are Cleveland, OH Columbus, OH Indianapolis, IN Pittsburgh, PA San Antonio, TX Houston, TX DFW, TX

Does anyone have any idea or some tips that can help me to choose the area?

I looking for a minimum of 25% ROI. (same as my age) :))

I appreciated your help

thank you very much

You need to know exactly what you want and go for it. All the markets you mentioned are great for flipping and Buy & Hold. Only you know exactly what you are looking for. Your 25% ROI is quite ambitious and you need to continue your research.

There are several benefits why any savvy investor will like to consider Houston, Texas for their Real Estate Investment. I have been living in Houston, Texas for 7-years and I personally invest only in the Houston areas and I do help other investors to invest in Greater Houston and surrounding cities. As a Realtor and Investor myself, below are a few reasons why my clients and myself invest in Houston, Texas.

#1 Market in the US for Job Creation

• Contrary to what the majority of out of state investors believe, Houston not only have Oil & Gas (Energy), Houston has other job growth in Consulting, Information Technology, Aerospace and aviation, Medical treatment and Research, Goods Distribution, and Manufacturing. 
• The port of Houston on the Gulf of Mexico imports more goods than any other port in the United States.

Texas legislation has provided a great economy for businesses to thrive. Big and small companies alike have chosen Houston for the location of their corporate headquarters.

4th largest city in the US - This has increased the housing demand in the Houston areas and landlords are enjoying low vacancy and rent increase. Even during this COVID-19 Pandemic.

5%-20% below current fair market value - This is gradually changing and the market is very hot right now. Nevertheless, Houston is still a relatively cheap and better use of cash on cash return. Some parts of Houston are seeing around 15% returns consistently.

• 3-year appreciation forecast of 12.5% - We are able to enjoy both appreciation and consistent cash flow.
• Houston is very diversified and friendly so people like it here. Our food, people and culture is what people like about Houston
• The majority also enjoy the weather here.

Houston checks all boxes for me and my investor clients both in-state and out of state investors.

Reach out if you have any specific questions.

Goodluck!