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Updated over 10 years ago on . Most recent reply
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Does anyone know the best market to fix & flip right now?
Where would you start if you have $100K in cash to invest? Looking for a market where competition is not as ridiculous as Northern California (I live in Silicon Valley). Any helpful tips will be really appreciated.
Thanks guys! :)
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The best markets in which to fix and flip are:
1. The market you live in or can reasonably drive to (often, without getting burned out)
2. The market where you have an established, experienced team that you trained and trust (advanced strategy only)
Fix and flip is not about the market. It's about arbitrage. Success is almost entirely dependent on your ability to acquire property at a discount. This is an art and a skill. Your question might also be phrased as "where is it easiest to acquire" because competition in your area is making it hard. Just remember that ease of acquisition doesn't necessarily equate to success, or a good market for flipping.