hey, I am checking a property to buy and flip in a certain area.
the zip code area has 20K houses and 5k of them are vacant.
now I know it is a very high vacancy rate, however, I am looking to buy flip & sell and I think I could get a good deal out of it.
what do you guys think?
and do I even need to take into consideration the vacancy rate if I am reselling? I know it is a bigger factor if I am planing on renting it.
Your statement does not specify unemployment rate, location, school quality, income, marketing time and fundamental stats. A neighborhood with 25% unoccupied homes imply you merely add another one as 4,999 other homes are still looking for someone to occupy or renovate.