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Updated over 1 year ago on . Most recent reply
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What do YOU look for in flip opportunities?
Hey! There are many factors to consider when evaluating a deal. What are some of the most important indicators you guys look for to determine if the deal works or not? Is it strictly about the numbers or do you weigh external factors more heavily?
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Aside from the numbers I look closely at the area and the neighboring properties. I don't buy flips on busy streets, or adjacent to a highway. I don't buy if the property backs up to commercial property/retail. I don't like seeing an apartment complex nearby. I look closely at the neighboring properties. If a neighbor doesn't maintain their property or has trash everywhere that's a red flag for me.
You should look at the property as if you were the end buyer. If you wouldn't want to live there, then your buyers may not want to either.