In Real Estate, Location Counts
Location is important in all real estate transactions, and it certainly is important in flipping as well. Choosing a distressed home in a good neighborhood is important, since a great deal of your success will depend on how quickly you can sell the property once it has been fixed up. Research communities carefully and buy in areas where homes sell quickly and well. One good piece advice is to buy the untidiest home in the nicest neighborhood you can afford. Once you have brought the home up to the same standard as its neighbors you should be able to resell quickly at a good profit.
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