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25 April 2024 | 9 replies
Good deals are scarce, labor and materials are expensive, competition is high.
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25 April 2024 | 1 reply
This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.
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23 April 2024 | 5 replies
Talking to residents power has been shut off to the park three times in the last two years while water has been shut off four times- all for non payment by the park.
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25 April 2024 | 6 replies
It is easier to find a value add project and the rent prices and demand are really high.
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24 April 2024 | 9 replies
Prices are high but they claim some pretty impressive figures like circa 15% YOY value gains since they started in 2004 on average (I struggle to believe this).
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22 April 2024 | 8 replies
@Steve T.As a native of New Jersey currently residing in Georgia, I highly recommend considering Georgia.
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23 April 2024 | 3 replies
What do utilities look like, how far away is power, is there public water or will you need to drill a well, etc.
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23 April 2024 | 6 replies
When I've talked with the banks with a sub2, I have a power of attorney which gives me permission to talk with that lender.
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25 April 2024 | 11 replies
Flipping is a high risk activity.