Flipping advice for a very small town

[Daniel Baltazar]

I am new to flipping homes and would like the feedback of some more experienced investors. there is a house in a town of only 1,000 people. the house is going for 45k and the only two comps are from only one month ago they are for $115 and $165. with both properties they sat on the market for around 4 months with big price reductions for both. the average days on market for this town is 95 but I believe I can get the rehab done for around 30k to 35k. I will be doing the work myself. I have completed 3 brrrrs and have many years of construction knowledge. my main reservation is not having the end buyer when I'm finished with the project. if all of these numbers where true would you be comfortable flipping a house in a town with that small of a population. also, what research can I do to ensure there will be a buyer for my product.

[Ko Kashiwagi]

Hi Daniel,

Flipping in rural environments with limited comps is a risky move, so personally I wouldn't do it as the risk is too high. You're putting in 80k all in, and selling potentially for 115k after 4 months - I think you could find an area with better margin in my opinion. If you're proceeding, it's probably best to connect to an agent who has sold the most houses recently in the area. Perhaps contact the agent who sold those properties for 115k and 165k for more insights.