Flipping in FL and NV

[Gonzalo Del Negro]

I am new to this forum but have been in the flip business for 9 years now. I have been doing it in my spare time but will turn this into my full time business. Flipping houses in North Texas has turned into a difficult task. Finding the right deal and knowing when to stop in the rehab process is not a easy feat. The housing market has changed in the past 5 years. In my opinion houses are over priced by at least 10% but they keep selling, this makes it much harder to find a distressed home for the right price. Also, it seems that everyone can slap some vinyl floor and a coat of paint and call themselves a real estate flip mogul. 

I was lucky enough to sell both my business (unrelated to real estate) and my house and I am ready to move on. I hold a Real Estate Salesperson License for FL and NV. I have been looking at Las Vegas, Orlando and Tampa as potential sites. I have studied the numbers and other factors but would really like to hear your opinion and suggestions about these markets. 

Keep in mind that I do most of the work on the homes I rehab. I seldom get Hard money loans and always try to use my own money. If I can be successful with the first few project, my mid term objective is to buy, fix and rent. I'm not quite there yet and don't want to knock on a bank's door to make it happen.

Thanks for all the info and for reading this.