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Updated about 9 years ago on . Most recent reply

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Katina Stewart
  • Saint Louis, MO
2
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New Member from St. Louis, MO

Katina Stewart
  • Saint Louis, MO
Posted

Greetings All!!!  I'm a new member and wanted to say hello.  I'm interested in flipping houses and later plan to purchase a few multi-family properties to rent out as well.  I'm happy to be a part of Bigger Pockets!!!!! 

Most Popular Reply

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Peter MacKercher
  • Residential Real Estate Broker
  • Saint Louis, MO
567
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Peter MacKercher
  • Residential Real Estate Broker
  • Saint Louis, MO
Replied

@Katina Stewart If you're thinking about flipping you might want to look at South County instead of the city. In the flips I've done I've found that I was better off looking for slightly higher priced properties that required less work rather than cheaper ones needing more. On the cheaper properties you're often one mistake away from sinking all your profits, and that's a stressful situation to say the least.

A good target for a flippable house is 3 bed/1 bath or 3 bed/2 bath that just needs a few updates, ie, kitchen, bathroom work, new paint, etc. Mostly cosmetic work. That'll keep the rehab work on a short schedule and let you turn it around faster. It will likely take longer to find the right property, but it's less hassle overall.

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