Best suburb or neighborhood in Houston to find a fixer upper to renovate and flip
Question:
Best suburb or neighborhood in Houston to find a fixer upper to renovate and flipI am college student interested in purchasing a pretty cheap piece of real estate to fix up and sell. What are some of the better neighborhoods for flipping real estate? Read the Answers | Post Your Own Answer
Ask Your Own Question...
Answers:
 | It is expected that real estate sales will increase in 2008 by most real estate professionals, but this could be wishful thinking on our part. I write this, because flipping in this market could be risky.
I would suggest that you read my posts on this sites about How Do I find Foreclosures in Houston? or another post for neighborhoods to consider. Those would give you a more complete answer. |
Answered by Frank Schulte-Ladbeck on December 15, 2007: Profile | Contact | Website
 | BE CAREFUL! I flipped houses for 10 years at about 20 houses per year. DO NOT watch the tv shows and think it's that easy. There's risk involved from who you hire to do repairs on down to insurance. Many of our investor friends have been forced to close thier doors. If you flip in Houston, you'll need to get really aquainted with the permit department! Mortgages are harder for the lower income people to come by. Many don't have 20% to put down so it's much more difficult to get rid of your inventory asap, which is the name of the game! The longer you take to repair and fluff a house, the more money you're losing. Now, about the area to flip in, there are some hot areas to do this in, but the question is, do you want to live in the house and fix it up? Or do you want to fix it and sell it asap? If you wish to live there, you need to consider safety and you need to research the activity in that area. Is it already flooded with "flippers"? At any rate, you can contact me and I will be happy to steer you in a few good directions. I certainly have knowledge of what has worked for me, and what hasn't. You can learn from my costly mistakes as well as my very proffitable ones! FREE! Take care! |
Answered by Erin Young on December 30, 2007: Profile | Contact | Website
 |
|
|
|
|
|
|
|
|
|
Answer this question...
|
|
Browse Recent Questions...
Have any alligators and/or crocodiles ever been discovered in the Sandalwood lakes???
Answers: 0
What is a reasonable cost per sq ft for a townhouse in Bellaire area? We found one at $170, which seems too high
Answers: 0
What major street border Sandallwood?
Answers: 0
What about middle aged couples without children? Is there a dynamic, active neighborhood that may be quiet but scenic?
Answers: 0
I am going through a divorce and just received our Inventory and Appraisement.Our home is valued at $120,000. The balance is $54,201.46. The Net Equity is listed as $11,597.08. I am disputing the Net Equity as it should be around $66,000. My lawyer aske
Answers: 0
Is there anywhere I can find a current listing of homes recently sold in the Houston market?
Answers: 0
Which areas have the worst crime rate in Houston?
Answers: 5
Where is spring valley subdivision located?
Answers: 1
How far of a drive is it from the Memorial area to Galleria?
Answers: 2
Is there a return on investment behind installing marble bathtubs or walk-in showers?
Answers: 4
How is the Houston real estate market doing?
Answers: 2
how is the Clear Lake school district ?
Answers: 0
Which is the best Catholic School and most economical place to live when relocating to Houston?
Answers: 1
Up and coming trendy neighborhoods for single young professionals
Answers: 4
What are the up and coming suburbs in Houston?
Answers: 1
Browse all questions...
|
