Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Looking to flip in unsure city
Hi everyone. I am looking to move back to my hometown of Duluth MN. I want to start flipping houses there. I have never done this and am hoping to break into the market. The problem is I can't decide if this city has any real potential. It looks to have an inventory of about 5-6 months, and the population hasn't grown much in the last 30 years (about 85k) so I can't imagine a lot of people are moving in and buying. There are plenty of older homes that could use a renovation and I know the area very well. I just cant decide if a smaller and somewhat stagnant city is a good place to begin this career or if I should try to make my way in a place like Minneapolis that has probably more potential.
Thanks for any help!