How can you find affordable houses to flip as a beginner? The answer is a lot of neighborhood research and learning about the house flipping industry. Bowman Plains Self Storage has three tips to help start you on the right path. Once you find the perfect house to flip, return to our self storage website to find storage space near you to help keep your projects organized!
Before you start looking for houses to flip in your area, it’s important to do your research on what you should be looking for in a neighborhood. Because while you can renovate the house, you cannot change the neighborhood it is in. You need to learn what the cost of living is like in the area to help you figure out what to pay for the house pre-renovations and what price range you may be able to sell it in. In addition to the cost, factors like convenient public transportation and good school districts benefit families and individuals alike. This research beforehand can help you find neighborhoods where the houses will be good investments. You can begin your neighborhood research with New Silver Lending’s state-by-state guides to house flipping.
There are a few different ways you can search. You can look online for listings of foreclosed homes, search for properties that have been on the market for a long time, and check local auctions for properties that could use some TLC. Zillow is an excellent option for an online real estate marketplace to start with. You can search through different neighborhoods and compare. Plus, Zillow offers resources, like a Home Sellers Guide and Foreclosure Center to help beginners better understand the buying and selling processes.
You should anticipate your find needing repairs, but there are a few that we recommend avoiding altogether to keep from eating away at your time and budget. These issues are costly to deal with, or they might require more advanced expertise than what your flipping team can provide:
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When it comes time to take on your house renovations, lean on Bowman Plains Self Storage for support. By renting a local storage unit, you have additional space to store away furniture, equipment, and anything else cluttering the house while you are trying to make repairs. Talk to our storage experts about your storage needs to determine the best storage unit and size to rent. You can also handle your rental completely online. Search through our storage unit options to find a space to fit your budget. Then choose to either rent right away or reserve your storage unit for a later date. There’s no commitment at the time of reservation. Find your storage solution with Bowman Plains Self Storage!
About the Author: Katie Mest is an SEO Specialist at Storage Asset Management in York, PA. She specializes in writing about the self storage industry, including storage tips and helpful resources. Outside of work, Katie enjoys camping, hiking, and exploring the outdoors with her newly adopted Greyhound rescue, Titan.