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The market has nothing to do with whether a house will sell. Its all about the price. Whether the market is up or down the price has to be right for the area and the market conditions. I wholesale properties in nj and have found that to always be the case. Price it right and it will sell.
Aug 1, 2008 at 11:33 PM
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Strictly from a perspective in Seattle; if it's priced right, located in metro area and redone correctly, a flip is just another listing that will sell. Check with your local Realtor about market conditions.
And remember, it's what you pay to begin with, not just what you put in!
Jul 16, 2008 at 11:02 AM
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The simple answer is yes. You can bottom feed REO properties in the Phoenix area, the ones that are really disgusting, purchased with cash, fix them up, flip them, and make money.
There are also companies in Phoenix that seek to broker homes at "wholesale" prices, that the savviest of investors use to buy homes as-is, at prices even lower than REO offerings, where money can definitely be made in a fix and flip. No money for agents, but good money for investors.
Jul 14, 2008 at 8:12 PM
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3 responses
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