Is Wilmington, DE a good market to flip?

Is Wilmington, DE a good market to flip?

Dover, DE · Member since 2017 · 60 posts · 19 votes
There’s a house in Wilmington that I feel like should be flipped but im not familiar with the Wilmington market. Is there anyone who has experience flipping a house in the Wilmington market?
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  • James MasottiPro Member
    Rental Property Investor · Washington Township, NJ · Member since 2015 · 1k+ posts · 976 votes
    8y
    Originally posted by @Donovon Rogers:
    There’s a house in Wilmington that I feel like should be flipped but im not familiar with the Wilmington market. Is there anyone who has experience flipping a house in the Wilmington market?

     Trolley Square, Triangle, Flats, and a few other areas in the city with $250k+ average sale prices are okay places to flip but the rest of the city is really hard. People do it...but a property can sit for a long time if it's not purchased right and on the right block... a lot fewer buyers. 

    The suburbs of Wilmington are pretty much a great place to flip though

  • Wilmington, DE · Member since 2017 · 4 posts · 2 votes
    8y

    I live in Wilmington and would agree with James.  A few nice neighborhoods in Wilmington, but the drop off is pretty steep after that.  Lots of cheap properties but in really bad neighborhoods.  Where are you looking?

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