Flipping works In any market…
…if done right. Whether the market is up or down – east coast, west coast or somewhere in between – rehabbing (flipping) houses works for investors with the right approach.
If you follow fundamental, conservative and systematic principles – you won’t experience what many speculators do – only working in certain places and time periods.
For instance, if you always buy at less than 70% of the after repairs value (ARV) of a house and follow your predetermined rehabbing cost guidelines; you’ll always have room for profit when your project sells.
Additionally a seasoned investor knows his or her market better than most anyone and takes that into account while planning their exit.
Follow these basics and win in the end!