Fix N Flip to Fund Business

Rehabbing & House Flipping
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Fix N Flip to Fund Business

Laura Au
Member since 2023 · 17 posts · 8 votes

Hello BP Community,

I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy. Figure, do a few Fix n Flips, stack some cash, then BRRR.

I am looking into the following markets and would like to get feedback from seasoned investors/realtors/lenders/project managers regarding the market barometer is like. 

Here are the markets: Knoxville-TN, Huntsville/Montgomery/Tuscaloosa-AL, Asheville-NC, Akron-OH, Irving-TX, St. Louis-MO, Richmond-VA & Louisville-KY.

Thank you in advance!

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Austin JonesPro Member
Realtor · Richmond VA · Member since 2023 · 48 posts · 17 votes
2y

Richmond has experienced steady growth, drawing people in with job opportunities. Its lower cost of living has generated strong housing demand due to its proximity to northern Virginia/DC. The city has diverse neighborhoods, ranging from historic homes to more affordable areas, catering to various investment strategies. Many investors have achieved excellent returns here, making Richmond a great place to build capital for future investments. If you ever need anything, feel free to reach out!

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  • Account Closed
    Realtor · Cleveland, OH · Member since 2023 · 340 posts · 215 votes
    2y

    Hi, yes, Ohio is on the move there are a lot of areas in Ohio that my clients/people/investors from all over the world are investing in real estate. You made a great decision when you chose Ohio. Come and check it out and thanks for reaching out if you have any questions! 

    Best wishes! 

    1Reply
  • Jacob Kocent
    Real Estate Agent · Pittsburgh, PA · Member since 2024 · 28 posts · 17 votes
    2y

    Hi Laura. I have heard many people investing from out of state in several OH markets. These include Cleveland, Cincinnati, Akron, Columbus, Toledo, Dayton, and even more. Those markets in particular have the ability to cash flow and have a generally low barrier of entry. I know it wasn't on your list, but Pittsburgh, PA is also a great location to invest as it has very affordable options. I hope you get more feedback and ultimately find a market that suits your investment needs! 

    1Reply
  • Jason Allen
    Attorney · Columbus, OH · Member since 2023 · 193 posts · 145 votes
    2y

    Hi Laura, there are plenty of fix and flip opportunities here in the Columbus, Ohio market.

    2Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    2y
    Quote from @Laura Au:

    Hello BP Community,

    I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy. Figure, do a few Fix n Flips, stack some cash, then BRRR.

    I am looking into the following markets and would like to get feedback from seasoned investors/realtors/lenders/project managers regarding the market barometer is like. 

    Here are the markets: Knoxville-TN, Huntsville/Montgomery/Tuscaloosa-AL, Asheville-NC, Akron-OH, Irving-TX, St. Louis-MO, Richmond-VA & Louisville-KY.

    Thank you in advance!


     Ohio Dawg.

    1Reply
  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    2y

    You can find some great flips in Dayton, and Columbus, OH. 

    [email protected]614-662-1652
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  • Austin JonesPro Member
    Realtor · Richmond VA · Member since 2023 · 48 posts · 17 votes
    2y

    Richmond has experienced steady growth, drawing people in with job opportunities. Its lower cost of living has generated strong housing demand due to its proximity to northern Virginia/DC. The city has diverse neighborhoods, ranging from historic homes to more affordable areas, catering to various investment strategies. Many investors have achieved excellent returns here, making Richmond a great place to build capital for future investments. If you ever need anything, feel free to reach out!

    3Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    2y
    Quote from @Laura Au:

    Hello BP Community,

    I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy. Figure, do a few Fix n Flips, stack some cash, then BRRR.

    I am looking into the following markets and would like to get feedback from seasoned investors/realtors/lenders/project managers regarding the market barometer is like. 

    Here are the markets: Knoxville-TN, Huntsville/Montgomery/Tuscaloosa-AL, Asheville-NC, Akron-OH, Irving-TX, St. Louis-MO, Richmond-VA & Louisville-KY.

    Thank you in advance!


    Hi Laura, a lot of my out-of-state clients are successfully BRRRRing and flipping here in Columbus OH. The macroeconomics here has been amazing - lots of job growth and population growth along with big companies moving and developing here (Intel, Google, FB, Amazon, etc.). I am an investor here myself and have done quite a lot of flips and BRRRRs that hit the 1% rule. You can still find deals here at super cheap price points - around $120k-$180k. Happy to connect and answer any questions you may have.

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9120 Reviews
    WebsiteView Page
    1Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    2y

    @Laura Au

    Knoxville, Huntsville/Montgomery/Tuscaloosa, Asheville, Akron, Irving, St. Louis, Richmond, and Louisville are markets with high growth potential, strong demand, and moderate entry costs. Huntsville has a growing population, strong job market, and moderate entry costs, while Asheville is popular for quality of life and arts.

    Good luck!

    [email protected]832-776-9582Podcast Guest on Show #469
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    0Reply
  • Chafiq Ennaoui
    Member since 2018 · 6 posts · 2 votes
    2y
    Quote from @Laura Au:

    Hello BP Community,

    I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy. Figure, do a few Fix n Flips, stack some cash, then BRRR.

    I am looking into the following markets and would like to get feedback from seasoned investors/realtors/lenders/project managers regarding the market barometer is like. 

    Here are the markets: Knoxville-TN, Huntsville/Montgomery/Tuscaloosa-AL, Asheville-NC, Akron-OH, Irving-TX, St. Louis-MO, Richmond-VA & Louisville-KY.

    Thank you in advance!


    Hey! Congrats on your first flip!

    Quick thoughts on the markets you're considering:

    Knoxville, TN: Growing, affordable, and a strong university presence.
    Huntsville/Montgomery/Tuscaloosa, AL: Huntsville's got tech, while Montgomery and Tuscaloosa have colleges.
    Asheville, NC: Popular tourist spot, but competitive and pricey.
    Akron, OH: Affordable, but keep an eye on the local economy.
    Irving, TX: Part of DFW, so a big market, but prices are higher.
    St. Louis, MO: Affordable, but research neighborhoods carefully.
    Richmond, VA: Growing, with a strong job market.
    Louisville, KY: Affordable, with gentrification potential.
    0Reply
  • Ko KashiwagiPro Member
    Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
    2y

    Currently under contract in Tuscaloosa AL, and I know many doing it in the states you've mentioned. Honestly the easiest would be if you have a family member or a connection that can help you out in one of those spots. Otherwise, I would start off from the goal - since you're looking to BRRRR down the line, what is an area you'd like to hold the most in the long run? Then, look at price range and laws/regulations and that will boil things down a little.

    310-848-9776
    0Reply
  • Brandon Tusing
    Real Estate Agent · Richmond, VA · Member since 2021 · 18 posts · 17 votes
    2y

    Richmond, VA continues to be a growing city with affordable homes. Investors are getting a great return on their flips. At the beginning July CNN named Richmond, Virginia as America's #1 city to visit - https://www.cnn.com/interactive/2024/travel/americas-best-to... 

    Let me know if you have any further questions about Richmond as an investment location. 

    0Reply
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