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Updated almost 9 years ago on . Most recent reply
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What are the neighborhoods to flip houses in DFW?
For all DFW flippers, I wanted to get some opinions on where you are operating and where you see potential in the future. Let's discuss.
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For flipping, the only "bad" areas are the D-class and war zone areas, but even those areas are attractive to some buy & hold investors, so you can flip a turnkey to another investor.
If you stick with B-class areas and above, there truly isn't a bad area in the entire Metroplex. There are areas that are "great" and others that are just "good".
We are in an extreme seller's market, with super low inventory and rising demand. If you buy the property correctly and rehab smartly, you should be able to sell at or above ARV, and it will sell quickly as long as it is priced reasonably. Several of our farm areas have houses priced right at ARV going in under 5-days, with multiple offers and a final sale price $20k above asking.
I've told people recently that, if you can't sell a house in a decent area of DFW right now, you're stupid. ;-)