Buying Flip Properties with ARV Lower than Median Purchase Price

[Jacob Maes]

One thing I'm seeing is a lot of people want to get into flipping but often take on a projects that are too big. People also want to do those big "sexy" jobs rather than the lower purchase price. I believe the best strategy is to find flips where the ARV is less than the median purchase price. For example, in Dallas, the median purchase price is 350k which means focus on properties where the flip will be listed less than 350k. This is coming from personal experience, and the reason for this is you will have a larger pool of buyers to come look at the property so it will move quicker. Along with that, you can usually get away with not having the nicest finish outs. This would be my one piece of advice on when it comes to flipping a property.