Could this house be too small to flip?
Hello BP Family,
Okay! Here goes my first forum post...
I recently found a house here in Houston that (according to Zillow.com) has been on the market for a bit over 180 days. Per MLS, it was a foreclosure and the price has been reduced. In my attempt to run conservative numbers on this home I believe I can fix and flip it, however, I wonder: could it be that the reason this house is still active is because it's too small? Now, it could be that the amount of repairs don't add up to a profitable purchase, but I haven't walked through it yet to tell.
It's a two-story, 3 bdrm/2.5 bath house (1,285 sq. ft)... and the listing states that ALL three bedrooms are 10x10... Could this be a "flipping" roadblock?
I welcome and appreciate your feedback.