Updated over 8 years ago on . Most recent reply
Flipping in Lancaster
Is anyone making money on flips in Lancaster? I've been seeing ridiculously low prices out there for property but is there any return on investment ?
Most Popular Reply
What do you consider low? Everything is relative. Prices are low relative to Los Angeles and Orange County, but they're still expensive compared to the Midwest and South. I've lived in the Antelope Valley since 1994, and I won't do any flips in CA. I do flips in the Midwest where I can get a property for under $30K, put $10K into the rehab and resell it for $80K. And if for some reason I can't resell it for that price, then i hold on to it and rent it for $850 - $1,200 per month.
Stay Blessed!