I’m considering either buying a rental since it’s cheaper or purchasing a flip if the market is booming enough.

With its booming housing market, the Phoenix real estate scene has emerged as a hot zone for fix-and-flip investors.

After the pandemic-fueled housing boom cooled somewhat in 2023-2024, the market has found a new equilibrium that presents interesting dynamics for flippers.Key statistics worth noting:- Median home prices have stabilized around $450,000, representing a 3.5% increase year-over-year- Average days on market: 42 (up from the frenzied 12-15 days seen in 2021-2022)- Inventory levels have increased by approximately 25% compared to early 2023Where to Find Flipping Growing NeighborhoodsSeveral Phoenix neighborhoods are showing particularly strong potential for profitable flips:1.

Warmer' Winters: While we still experience snow, the winters here are generally milder compared to New York.Growing Market: Nashville is a booming city with an insane housing market, presenting countless opportunities for real estate investment & House Flips.We also seized the opportunity to buy a beautiful foreclosure home for $775k, which is essentially a mansion with incredible value/equity (Worth $1.3M).

This is rapidly becoming the 4th boom/bust cycle I've seen.  

If you’re open to other spots, Jacksonville’s great for cash flow, and Cape Coral is booming, though hurricanes are a thing.

My quick stab...Steamboat Springs, CO (Southwest just started flying here, ranked best ski town last year)Summit County, CO (sheer population boom to Denver is no brainer)Lake Tahoe, CA (second home boom in Truckee, Incline Village, etc. areas from mass exodus of Bay Area) Park City, Utah (proximity to airport and large/growing population base)Not sure of #5, maybe Stowe VT (Burlington) area 

With the run up on RE prices and boom of STRs over last 5ish years people have been led to believe it is easy and leveraging has minimal risk.

They say area is booming...lol and 20% growth.

its a booming market!