Does flipping small houses makes sense?

[Kacper Rajewski]

Basically the title. Im talking about ~320 square feet houses 1 bedroom 1 bathroom. Is it easy (or even possible) to sell them when the main target grup is single individuals or young couples and they obviously have little or no money? Or are those properties mainly/only made for rental purposes?

[Mason Liu]

Are there nearby comps that are also 300-400 sqft 1/1 houses? If there are, then for sure and it is just a numbers game from that standpoint. If there aren't any reasonably similar comps, it becomes a much uncertain exit for a flip. Make sure you look through your market data / recent sales to see if there is anything that will give you information on pricing this and potential demand.

[Romney Salanoa]

Hey Kacper,

Flipping a home or anything really is all about the numbers. So you want to take things into account like rehab cost and condition of the home as well as location. These things seem obvious but that is the main things that really matter, and it's unique to every property. So just run the numbers, it's less of the type of property but the ROI you would get from the flip.

Hope this helps

Romney

[Eliott Elias]

If the numbers make sense, yes.