Flipping MI, which area would you flip out of these 4?

Question

Ferndale

Southfield

Hazel

Livonia

Which one is best for flipping?

I'm out of town so can't walk the streets.

Account Closed · Answer

I'd go with Ferndale or Livonia if you can get it at the right price. Ferndale is super trendy right now and I think it's valued much higher than the Livonia market. Hazel Park is up and coming but because you can't calculate appreciation is hard to know how much you'll be able to pull out. I haven't heard of Southfield improving much and since there's still quite a variety of 3 bdrm homes less than 100k I'd imagine it's not necessarily the best town for flipping.

Dave H. · Answer

Hi Joseph,

thanks for your advice, do you live in MI?

Account Closed · Answer

Yeah Dave H I live in Brighton MI

Joe Hammel · Answer

Lol I was most teasing about Southfield, it could work..Living here, it gets a decent amount of my attention. There are areas where homes sell for $250k so you would just need to find one distressed for low $100s.

Farmington would work, pretty hot. Farmington Hills, same thing.

Pontiac is a pretty low price point, not very desirable, and hasn't appreciated for a long time.

Dave H. · Answer

@Joe Hammel

Thanks for your reply Joe. I’ll take Southfield off the list :).

Good tip for searching, I’ll be doing that for sure.

What do you think about Farmington or Pontiac?

My budget in total is about $200k.

Joe Hammel · Answer

Hi Dave,

I live in Southfield, and for that reason I would recommend Ferndale or Livonia lol JK Southfield would work too. Both very hot Markets if you can find the right deal.

It also somewhat depends on what your price point is. Hazel Park will be your lowest and plenty of inventory.

My strategy for finding flips is to:

1. Know the average Price/sqft.

2. Set up a search for properties decently below that number.

3. Take your pick.

You could set up a search for each area and get a good feel very quickly.

Always happy to chat.

Flipping MI, which area would you flip out of these 4?

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