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Updated over 9 years ago on . Most recent reply

User Stats

218
Posts
107
Votes
Cody Stone
  • Investor
  • Boise, ID
107
Votes |
218
Posts

Is flipping great in every market?

Cody Stone
  • Investor
  • Boise, ID
Posted
Why have I been hearing how bad/hard it is to be flipping in the Boise Idaho market? If it is because of the increase in the competition making it more difficult to find a deal then I'd think it would be much easier to sell it on the market. If so, it's a win. If finding deals were easier most likely selling would be more difficult, right? Still a win? What's the most ideal market for flipping? Would it just be the lack of competition?

Most Popular Reply

User Stats

218
Posts
107
Votes
Cody Stone
  • Investor
  • Boise, ID
107
Votes |
218
Posts
Cody Stone
  • Investor
  • Boise, ID
Replied

@Jonna Weber I have made the decision to steer clear of the really old homes. I know it can be tricky finding true ARV in the north end and have heard of some shoddy appraisals being done to inflate value. I like the charm of most north end homes, but I prefer finding some projects closer to where I live. I know the area better anyway.

After I thought about it a bit, the best flipping market would be one where prices are increasing. I imagine that could be a double edged sword if one were to fudge the numbers betting on property appreciating during renovations. 

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