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Updated over 4 years ago on . Most recent reply

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10
Posts
0
Votes
Omri Biderman
0
Votes |
10
Posts

my very first flip - what would you recommend for a start?

Omri Biderman
Posted

I have a very hard time deciding on the market where I will work. I have $ 100,000 including equity expenses for the first flip.

In which market do you think there are enough deals in my budget, low property taxes and landlord frinedly? What else should I consider before choosing a market? 

Are unemployment rates is something that could disqualify a market?

What is the most recommended market for flips? hot market or cold cold ? Please explain why ...

Thank you so much to everyone who helps, I really appreciate it.

Most Popular Reply

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96
Posts
34
Votes
Constance Grandelli
  • Realtor
  • KINGSPORT, TN
34
Votes |
96
Posts
Constance Grandelli
  • Realtor
  • KINGSPORT, TN
Replied

Northeast Tennessee is a very hot market now.  No state income tax, low cost of living, moderate weather & retiree friendly.  It's difficult getting a trustworthy team together where you live, and even more difficult to try to accomplish that from across the country.  If you decide to invest in the TriCities area, I'll be happy to do everything I can to help.

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