Are you in a market where the costs of the necessary capex is cost prohibitive?

Hi All, I live in NY and I am looking to buy in a hot market.

For flipping you have to be in a viable market that produces such opportunity. 

This is exactly why I've been staying away from markets like LA and focusing on midwest markets. 

My top reasons are:- Current income- Hope of price appreciation- Vacation home to go to- Store of value/hedge against inflationOne other reason for me that I am not sure is captured in the original list is that STRs is what my market gave me.

high rise condos appeal to a very limited market of buyers.

I have an off-market opportunity and want to jump on it! 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

@Nelson Sbravatti in my opinion, Jackson County is a better investment market.

How has your experience been investing in this market or with this strategy?