How to Find Houses to Flip
Learn how to find and flip houses with ValuSpace Personal Storage. We will guide you through the process of researching houses and flipping them for profit.
How to Find Houses to Fix Up & Flip
Research the Area Well
Once you are ready to begin your house flipping journey, you should research the area of the houses that you are interested in. Consider the area’s economy, transportation, and cost of living when researching a house to flip. Researching different states can help you find affordable housing markets in your desired location that are right for what’s important – including seasonal changes. New Silver Lending’s state-by-state guide to house flipping can assist you as you research housing markets in different cities and states.
Search Online, But Also Make In-Person Real Estate Connections
It may seem like a lot of work to find the perfect house, but with these three simple steps, you will have no problem whatsoever. For starters, we recommend using Zillow as their online platform is easy to use and they even offer an app for mobile devices. You can search through listings in various locations while getting all sorts of information on each property including photos (if available). If viewing homes isn’t possible due to travel restrictions or other circumstances then don’t worry because with their virtual tour feature you can tour the house in its entirety from your device. Visit Zillow’s Foreclosure Center and their Home Seller’s Guide for additional information on house flipping. Also, local real estate agents can provide more insight into some of these properties so we highly suggest reaching out to the agents in the area. Visit Realtor to find the best real estate agents in your city.
Identify Red Flags During Your Search
While flipping a house can be a great way to earn some extra cash, it’s important to be aware of the potential problems that can arise. One of the most common issues is expensive repairs. These can quickly eat into your profits, and in some cases, they may even end up costing more than the house is worth. Additionally, it’s important to be realistic about your skills and knowledge. If you’re not an experienced contractor, then taking on a major renovation project is probably not the best idea. Stick to projects that you know you can handle, and leave the big jobs to the professionals. By being mindful of these potential problems, you can help ensure that your house-flipping venture is a success. Listed below are common red flags that you should avoid:
- Too Small of Kitchen/Bathroom Space
- Plumbing Issues
- Electrical Complications
- Water Damage
- Cracks in Foundation
- Pest Infestations
- And More
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Rent With ValuSpace Personal Storage
If you need extra space to keep your supplies during the renovation process, rent with ValuSpace Personal Storage. We have three facilities located in Albany, Halfmoon, and Troy, NY. Our facilities offer temperature-controlled and drive-up storage units for monthly rent at affordable rates. Finding the right storage unit size can seem difficult but our Storage Calculator tool can assist you with determining the perfect unit for your belongings. Make sure that you pack your items safely so they can remain secure while in storage. Check out our Storage Tips to learn more about how to properly pack your items into storage. Visit our site today and rent with ValuSpace Personal Storage!
Paige Weary
About the Author: Paige is a Social Media Coordinator at Storage Asset Management in York, PA. She brings the most useful storage tips and tricks to your social media feed and loves a good self-storage pun. Beyond work, Paige spends her free time traveling extensively, her most recent trip being the Andes Mountain region of Bolivia.
