Where’s the next boom? I know this is the Almightly question, but I’ve been finding a lot of success if Texas because of the highly undervalued market and deals that can be made there. I’ve also found a lot of flipping success in Virginia. I’m currently working on 2 projects in Dallas and one in Virginia. The Dallas houses have needed just under $20,000 in repairs, but have given me $110,000 in equity. One’s for sale, and has been for a little over a week and a half, and the other one is being completed. Also, in Virginia, I’m finding that it’s a buyer’s market. I just acquired a property listed for $450,000 for $395,000 with the house NEXT DOOR (that is smaller) for $610,000 4 months ago. Given, this house needs about $100,000 in rehab, but the returns are WELL worth it since the DOM for this neighborhood is 33.4 days…
These are areas I’m finding significant success in…where are you finding success in flipping your properties?