Hot Markets for Fix/Flip?

[Jared Vidales]

Hi All,

Which locations are you guys seeing as hot markets for Fix/Flips? Locations with the largest delta between distresses and retail properties? Phoenix AZ inventory is very dry right now....and doesn't allow much margin. 

Can anyone suggest a website that has quarterly & yearly statistics in this regard?

Thanks!

[Bob E.]

I agree phoenix is tough right now.  I think there is opportunity in some of the Midwest markets right now.

[Jared Vidales]

Originally posted by @Bob E.:

I agree phoenix is tough right now.  I think there is opportunity in some of the Midwest markets right now.

 I agree, data is showing midwest and some New England geographies very high deltas. 

Hows the Queen Creek market relative to the valley?

[Jeffrey Stasz]

This is really driven by population and job growth. Where I am (NYC) I am starting to see a return of high deltas in tertiary markets along the Hudson River. These areas are well serviced by trains and are getting a big boost from a steadily growing NYC. 

[Bob E.]

Queen Creek is similar to the rest of the valley right now. We are buying REO's and notes in the midwest where we are all in at a reasonable price and can get $700+ in rent on a SFR. We will then hold or sell depending on cashflow requirements.

[Paul Santos]

@Jared Vidales & @Bob E. - Total rookie question, but for Arizona only, will I be able to find a decent SFR or Multi rental in the $75k to $150k range for a buy/hold in the next 2-4 months?

As for "deltas" and "tertiary markets" I have some research/learning to do. 

Thanks.

[Justin Rhea]

Memphis tn is a very hot market right now and reasonable prices coupled with less than average rehab costs equals great ROI I actually have a few occupied rentals for sale right now with 20-30k instant equity. Most homes can be purchased low enough to start seeing profit in a couple years or buy and put back on market for a profit. I'm liquidating due to moving to another market