All Forum Posts by: Angela Yann

@Karl Hinkel Oh thanks Karl! Thats great to know. It's what I'm trying to figure out. They are the areas I felt most drawn to, but have never actually been, so wasn't sure what to expect! Both real estate wise and general living. Thanks for sharing your outlook!

@Jonathan Roberts because from what I'v noticed, there aren't any good deals anymore and next to no profit margin. Overpriced, and also most for auction instead of just regular sale. It might not last this way for long though, because I'm now noticing a slight change in it. Seems to me they all got a little too cocky, but are starting to realize people aren't falling for it. :-) I would avoid Milwaukee for a short while, but keep a close eye on it getting back to normal. Investors here have nothing to do right now, unless you want to be buying in all the ghetto areas of town. Not recommended by any means. They are the only "deals" out there, that or really bad condition houses that will put you through hell to get them livable. Also rentals I no longer do here because tenants destroy everything, so that I would definitely not recommend unless you are living in the properties and keeping a close eye on things yourself. Oh and the contractors, they are the pits!!! They have put me off this line of work all together, thats why I'm looking at leaving and hopefully go somewhere where the people aren't so backward and difficult to deal with. I know people here who have been doing house flipping for over 25 years, and they still don't have 1 contractor they can actually rely on. I'v been doing it here for 4.5 years non stop, and still had to look for a painter just now to do my house trims. Thats beyond ridiculous. I don't recommend Milwaukee personally.

@Brian Garrett Well thats good to know, but is there a lot of competition there too? It's sounds like it wouldn't be the best place to try the house flipping then. Do you know of where would be better, but staying within FL and close to the beach? :-)

@Timothy Maloney

Thanks! Oh I understand. Was just looking at relocating to FL around West palm beach area and trying out flipping there. Decent profit margin for me would be 40k and up. And to minimize competition I thought of buying higher end, (larger initial investment) homes, that could result in higher profit, but not sure of the market much over there. So which area would you say I should start? West palm and anything north or south of there?

@Timothy Maloney

Hi Timothy, and thanks, just wanted to check you mentioned Boca Raton and West palm beach as an exclusion for any profit doing flips, does that include anywhere else along there too, like Fort Lauderdale? Do you have any more specifics about FL and where the best locations would be that offer a good turn around and profit margin? Thanks!

Oh and btw, I came into Milwaukee with zero knowledge of the market, knew no one, and 4.5 years later have bought and sold 7 houses, managed to get them all renovated ready to sell and all sold for a good profit. Kind of goes against any principles mentioned related to running a business, but I made it happen anyway. It doesn't take much to learn as you go. :-)

Well thank you everyone! Thats really helpful! I'm happy to know that over all Florida makes a good mark for profit. Good to know which FL areas to exclude too! And actually will also look into those areas in LA, Another fav place of mine to be in. Thanks!!

In 2018 now, and prices have gone so high in real estate, I'm trying to figure out where the best locations are for higher profit margins when it comes to buying, renovating and re-selling. Would it be better to buy higher end properties in good locations maybe? And where would be a good place that offers that? I'd prefer in warmer locations, like Florida. Any helpful suggestions, comments, information would be appreciated! Thanks!