Markets for Holding vs. Flipping

[Cheng Bin Zhang]

Hey Folks,

We're planning to do our first flip/condo-conversion this year.  With buy and hold, we've been buying predominantly in B-/C+ neighborhoods.  What about for flips/condo conversions specifically?  I've heard that the margin is much higher in A class neighborhoods (ex. cost of installing a toilet is roughly the same within the great Boston area but a new bathroom is worth a heck more in Brookline, MA than it is in Dorchester, MA).  What are some indicators for a flippable neighborhood?

Thanks and appreciate it!

Cheng