Best cities to flip in?
Hello everyone! Just looking to see where I should be spending my time what cities have you been able to flip in successfully over and over?
Most Popular Reply
following.
I'm in Tampa. I know a lot of out of town investors who like the Tampa market and move here for RE investing or partner with someone local (like myself). I think compared to other "second tier" cities it is probably up there as far as population & job growth, economic mobility, etc. But there are pros & cons to each "class" of city if you will - a city like Dallas (where I came from) might have more labor (contractors) to do the work at a better price but margins are thin bc there are so many investors. Plus larger city, possibly more stable market. Tampa, or second tier cities in general, might be emerging into the national/international scene but may not have matured to the level of a first tier city. Meaning they could be much more (or much less) adverse to market disruption.
Pros and Cons to both sides of the coin - I say find a place you know well (or have people there you trust) and develop a strategy that matches your appetite for risk vs reward!
Good luck out there!