Best Cities to Fix and Flip Real Estate, From Hard Money Lenders
Are you looking for the best cities to invest in real estate? Whether you’re a seasoned investor or just starting out, you want to choose a city where you’re more likely to make a profit. FlipCo Financial, your trusted hard money lender, has the answers for curious investors on the best places for fix and flip investments.
As hard money lenders, we’ve seen a lot of successful real estate investors in our time. From our experience, we’ve found that some cities are simply better for fixing and flipping than others. We’ve compiled a list of these cities to help you make the most informed decision about your next real estate investment. This list is built on the data we have found investing in these cities for years now and based off popular publications for flipping houses.
1) Phoenix, AZ
The Phoenix metropolitan area is one of the best cities to fix and flip real estate. With a low cost of living, warm weather all-year-round, and a thriving tech industry, it’s no wonder why Phoenix has one of the highest population growth rates in the US. Real estate investors can expect a high ROI in Phoenix in part because of the low property taxes and a lack of zoning restrictions. Additionally, with a large population and booming job market, there are plenty of eager homebuyers looking to purchase their next home.
2) Tampa, FL
Tampa’s job market is growing progressively, drawing in many millennials and young families who are interested in buying their first homes. This combination means that real estate investors can see great returns on their investments. With new infrastructure construction projects like the Water Street Tampa development, fixing and flipping homes is becoming easier and more lucrative.
3) Denver, CO
If you’re looking for a place with a high-quality lifestyle, Denver might just be the perfect fit for you. Along with beautiful scenery, Denver offers a lot of opportunities to fix and flip real estate. Denver was ranked as the second hottest market in the nation by Realtor.com, with the average home sale taking just 14 days. The thriving job market and influx of millennials continue to drive housing demand in the city.
4) Houston, TX
Houston attracts a lot of new residents thanks to its growing job market and low cost of living. Fixing and flipping real estate in Houston is an ideal investment due to the affordable properties and increased demand for single-family homes. Since properties are generally affordable, flipping investors won’t need to worry about plunging money into properties that will lose money.
5) Charlotte, NC
Charlotte is one of the fastest-growing cities in the US, and there doesn’t seem to be a point in sight when it comes to the city’s growth. There are plenty of opportunities to purchase medium-priced homes in great areas that are primed for flipping. Real estate flipping in this area is in high demand.
As you can see, investing in real estate involves more than just buying low and selling high. The location is just as important as the property itself. These five cities provide excellent opportunities for real estate investors when it comes to fixing and flipping. But remember, there’s much more to consider when investing in real estate than just location. If you’re interested in learning more about real estate and finding the perfect hard money lender to support your ventures, FlipCo Financial is ready. We are here to help guide you through the process and maximize your return on investment. Contact us today to start working with our experienced account managers.