Updated about 6 years ago on . Most recent reply
Where Should I Flip?
Hello all,
I'm willing to move just about anywhere in the country to begin investing in real estate. For a long time (~6 years now) I've been learning and researching, but it wasn't until recently I was able to really start really saving some money and drumming up interest among family members as well. I'm currently located in Orlando, but have family in North and Southern CA, New Jersey, Nashville, and Dallas.
I'm trying to determine potential farm areas for flipping, but I'm struggling to narrow my search. I'm looking at population trends and foreclosure trends, but the market seems too hot everywhere! I'm pulling rough numbers off of sites like Zillow and nothing looks very promising. The same goes for rentals, positive cash flow seems near impossible.
Does anybody have suggestions or tips for this part of the process? I've never been more ready and I know deals can be found even in this market, but I'm not sure I know how to look let alone where.
Thank you for your time!
Most Popular Reply
Why not do it in your back yard? Flipping is nothing more than making margin on a product after buying at a discount and adding value to it. You can do that anywhere where there is sufficient demand, and I would think Orlando would have a fair amount of demand.