Flipper/Rehabber · Littleton, CO · Member since 2014 · 75 posts · 75 votes
I have been flipping in Denver for 4 years and that business has gone the way of the 8-track player (at least for me it has). Inventory is gone. Foreclosures have dropped off a cliff. I am not tied down and enjoy this work so I am wanting to take my business elsewhere. I have read that Virginia Beach, Jacksonville, Atlanta, Baltimore all had sizeable increases in flip activity in 2013. Does anyone have any direct experience in any of these markets to conform or deny what I have read. I read that Las Vegas has one of the highest number of foreclosures in the county but the banks aren't releasing any of them so kinda takes the air out of that balloon. Any input appreciated.
Anywhere the State has a Judicial process, meaning the foreclosure process is many years, there will be many foreclosures. Florida is such a state and there are still many houses sitting in a foreclosure state that need to be liquidated, but in many state counties there are not enough resources to get them processed. So still they languish. Jacksonville has a number of properties still in foreclosure status as well.
Anywhere the State has a Judicial process, meaning the foreclosure process is many years, there will be many foreclosures. Florida is such a state and there are still many houses sitting in a foreclosure state that need to be liquidated, but in many state counties there are not enough resources to get them processed. So still they languish. Jacksonville has a number of properties still in foreclosure status as well.
I have been flipping in Denver for 4 years and that business has gone the way of the 8-track player (at least for me it has). Inventory is gone. Foreclosures have dropped off a cliff. I am not tied down and enjoy this work so I am wanting to take my business elsewhere. I have read that Virginia Beach, Jacksonville, Atlanta, Baltimore all had sizeable increases in flip activity in 2013. Does anyone have any direct experience in any of these markets to conform or deny what I have read. I read that Las Vegas has one of the highest number of foreclosures in the county but the banks aren't releasing any of them so kinda takes the air out of that balloon. Any input appreciated.