Ask Questions 
Share Tips 
List Your Business 
Coffee Talk with Experts 
Biz Planning | Sample Plans 
Idea 
Name 
$ 
Do It! 
Promotional Merchandise
Managing | Operations
Work @ Home 
Yoga @ Your Desk 
|
|
Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
Which Cities Are Best For Flipping Houses?
Real estate flipping has always been a prominent form of real estate investment, but it has recently gained increasing popularity. Due to an abundance of reality shows that showcase house flipping, an entire new generation of real estate flippers has emerged. However, flipping houses may not be as easy as it appears on T.V, as a lot of factors come into play. One of the biggest influences on real estate flipping is the location of the real estate. In some cities it is much easier to flip houses, while other cities may allow you to gain a much bigger profit from flipping real estate. Here are some of the best cities for real estate flipping.
El Paso
The best place to flip real estate in the country is El Paso, Texas thanks to its high market potential and low renovation costs. A stable real estate market has made buying houses for sale in El Paso, TX and then immediately selling them almost risk free for house flippers. In addition to a stable real estate market, the average price for a home in El Paso is also well below the national average, something that is almost unheard of for a city of its size. If you’re looking to start flipping homes, then you would be wise to start in El Paso.
Baltimore
Baltimore’s stronger than usual rebound from the 2008 housing crisis has made the city one of the premier locations to flip real estate. In recent years over 7% of the city’s home sales were flipped properties, well above the national average. Baltimore real estate can be very valuable due to its proximity to the nation’s capital. This gives real estate investors a great opportunity to purchase run down Baltimore real estate, provide a few improvements, and then flip the property for a large profit.
Memphis
One of the biggest areas for house flipping in the southeast is Memphis, Tennessee. In a recent study about house flipping, researchers found that 39 U.S zip codes where one in five house sales was a flipped home. Of those 39 zip codes eight are located in the Memphis area. Memphis is an area that is typically associated with high foreclosure rates and struggling properties. This makes it extremely easy for investors to come in, purchase properties when they have low value, and then flip them for maximum profit.
St. Louis
The St. Louis area is one of the best areas in the midwest to engage in house flipping. Like Memphis and Baltimore, St. Louis has a high number of foreclosures, allowing investors to easily purchase real estate at a low price. In addition, St. Louis has an extremely low average flip time of only 173 days. The low flip time and an above average ROI rate makes St. Louis an extremely attractive market to flip real estate. If you’re looking to earn some quick profits, then try entering St. Louis’ fast paced market.
|
|
Small Business Tax Center • Idea Cafe Home • Sign Up • Biz Grant Center • CyberSchmooz •Coffee Talk with Experts • People in Biz Profiles • Starting Your Biz • Biz Planning • Running Your Biz • FREE Trade Publications • Marketing • Financing Your Biz • Human Resources • Legal & Biz Forms • Managing Your Biz • eCommerce • You and Your Biz • Gen X • Work@Home • The Fridge • De-Stress • Send an Award • Send an eGreeting • Yoga @ Your Desk • Web Guide • Idea Cafe in the News • About Idea Cafe • Advertise on Idea Cafe • Contact Us • Privacy Policy • Site Map • Small Biz News
Copyright 1995-2024, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.
DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages. TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.
|
|
|
|