Fix and Flip Markets for 2024

[Celia Lumbroso]

Hi Biggerpockets Community, 

This question is geared towards lenders, brokers, and investors. 

I wanted to start an open discussion about what markets you would target in 2024 for fix & flips.   Please feel free to disagree or agree. 

Here are the markets I would target for flips: 

-Spokane, Washington 

-Louisville, Kentucky

-Detroit, Michigan

-Akron, Ohio

-Dayton, Ohio 

Which markets would you target? 

[Andres Martin]

I'd like to add Indianapolis, Indiana, to the list and share why I believe it presents a compelling opportunity for investors this year, although I assume they are in alignment with some of the reasons to invest in the other midwest markets you mentioned.

The entry price for homes in Indianapolis is relatively affordable (at an average sale price of $231k). This lower cost of entry makes it easier for investors to get into the market and start flipping properties without a massive initial investment.

The real estate investor community in Indianapolis is active and supportive. Numerous resources, meetups, and networks are available to help investors navigate the market, find deals, and connect with potential buyers or renters.

We are experiencing economic growth with advancements in various sectors such as technology, manufacturing, and healthcare. This growth contributes to the overall health of the real estate market, making it an attractive option for investors.

Considering all the aforementioned points, Indianapolis stands out as a promising market for fixes & flips in 2024. I'm keen to hear your thoughts on this.