Investment Info:

Single-family residence fix & flip investment.

Purchase price: $145,000

Cash invested: $15,000

Sale price: $180,000

2017, I tackled my first fix-and-flip—a 2004 double-wide m...

Ironically some of the best deals come from properties that once failed a perc test and are considered unbuildable for that reason alone.  

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.

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And I still finance land flippers all over the US.. so perk test and soil test we deal with every week on our funding's.

I am very interested in real estate investing and flipping (I have a decent amount of construction experience) I was wondering what some good resources are to look at when evaluating a property, especially in the Dayton / Cincinnati area.  

Mainly the "self sufficiency test". 

Are there any particular things to check when evaluating such a deal?

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

Does anyone know how insurance companies evaluate these properties and whether or not real value can be realized for insurance for renovation?