How & Where to Find Houses to Flip
House hunting looks a little different when you are looking to find houses to flip. You need to put yourself into the shoes of your future buyers, not just leaning into your preferences. Storage Depot of Virginia Beach at Castleton Commerce Center has beginner tips for house flipping—like where to find houses to flip and what you should try to avoid in your searches. Look through our guide, and remember us as you start your renovations in Virginia Beach, VA.
How to Find Affordable Houses to Fix & Flip
Factors to Look for in a Neighborhood
When you begin looking at different neighborhoods for houses to flip, consider the needs of the buyer at the forefront of your decisions. A good school district is going to be a desirable trait in a neighborhood if you are trying to sell to a family. Public transportation nearby benefits commuters. And a lower cost of living appeals to both you as a buyer and your future buyer. Start your neighborhood research with New Silver lending’s state-by-state guide to house flipping.
Where to Start Your Search
Nowadays, you can do any kind of shopping online, including house shopping. Online real estate marketplaces like Zillow make the search process easy by allowing you to compare houses in different areas instantly. Zillow in particular also provides its users with a wealth of real estate knowledge through tools like its Foreclosure Center and Home Sellers Guide. But you do not want to limit your search to just online—look broad. Try to connect with a local real estate expert who has worked with house flippers in your area. It will be beneficial to have someone on your side who already knows the lay of the land. We also recommend checking out auctions for foreclosures and affordable fixer-uppers. Just err on the side of caution, as auctions might require you purchase in cash.
Renovations That Will Eat Your Budget
How can you stay on budget? Look for the issues that will cost the most to fix—whether money- or time-wise—and do your best to avoid them. Identify the projects that you can handle your team versus the ones that will require you to hire a professional. Here are some problems that are red flags during the search process:
- Too Little Kitchen/Bath Space for Home
- Structural Damage
- Plumbing
- See More
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Storage Depot of Virginia Beach at Castleton Commerce Center in Virginia Beach, VA
Now that you have an idea of how to find houses to flip, it is time to get started. Once you find what you believe to be your gem, reach out to Storage Depot of Virginia Beach at Castleton Commerce Center to help you organize and manage your renovations. Between our indoor and outdoor storage units, we offer all the space you need to store equipment, furniture, vehicles, and more. We are your premier self storage destination in Virginia Beach, VA. Find storage space and expert advice close to where you need it!
