Wichita Fix n Flips

Wichita, Kansas
Rehabbing & House Flipping
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Wichita Fix n Flips

Lucas VanroboysPro Member
Boston, MA · Member since 2023 · 37 posts · 21 votes

Hi Wichita BP community!  

I am new to the area but not new the REI. I have 5 long term rental units in Boston area and have recently been relocated to Wichita for work. While I am here, I figured why not do a flip! I have always wanted to do flips and figured the Wichita market may be a good place to do my first one since prices and renovation costs are relatively low (compared to Northeast).

Since I'm new to the area, I would really appreciate help with understanding the local market and it's respective neighborhoods. From my initial research it seems like College Hill, Riverside, Delano and West Link are best for flippers. I am finding MLS listing with possible fix n flip potenital for around $80k and have ARV's roughly running from $125k-200k in those areas. With that, the margins seem thin considering the current buyers market and large active listings but open to local opinions!

I would also appreciate help with deal sourcing, connection to agents, wholesalers, etc.

Then lastly, since this will be my first flip. Please share success stories, horror stories, tips and advice some of you may have with flipping homes in the Wichita area.

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  • Caleb Triumph
    Member since 2025 · 11 posts · 2 votes
    10mo

    From the lending side, your numbers don’t sound crazy for those neighborhoods, but you’re right that margins can get thin fast, especially if days on market stretch or rehab runs long. That’s usually where first-time flippers feel the most pressure.

    A few things I’d keep an eye on:

    • Be conservative on ARV and resale timing

    • Add extra buffer to the rehab budget, especially working with a new GC

    • Make sure the deal still works if it takes longer to sell than planned

    On the financing side, having short-term capital structured realistically (draws, extensions, interest carry) matters just as much as the purchase price.

    Happy to help walk through numbers or scenarios from the lending side as you get closer — and curious to hear what locals think about those neighborhoods.

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  • Peter MckernanBusiness Member
    Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
    10mo

    Nice to hear from you and great you are on the move and willing to learn while there.. I would really get in touch with people on the ground doing the flips.. This is a market on the micro scale model for flipping homes and you need to know what is working and what is not in that market. Local meetups (find on meetup.com and events page here), and connecting with people here are are doing flips in your area.. Be on the ground with them and see what they bought it for, what the finishes are, and how they got the job done in time! 

    The McKernan Group4.957 Reviews
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