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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

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The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. That’s why a home inspection is so important if you’re able to do one. However, sites like Auction.com warn that traditional financing might be hard to obtain when buying one of their homes due to their condition.

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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

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To learn more about flipping houses in Georgia, we’re talking to Savannah-based real estate agent Jay Mills, a listings specialist with the Hupman Group , to get his perspective on what’s happening in his market. Let’s get into it! A Top Agent Can Be Your Georgia Real Estate Investment MVP Interested in flipping a house in Georgia?

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

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the California housing market is seeing a decline in prices, and that decline will likely continue in 2023. According to the 2023 Housing Market Forecast put out by the California Association of Realtors, California’s median home price is predicted to go down 8.8 You just have to adjust to the current market that there is,” he says.

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Flipping Houses in Massachusetts: 5 Cities to Consider

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The goal is to buy low and sell for a high profit — one that covers both the home’s initial cost and any improvements. Ford says he works both with buyers purchasing houses that have been flipped, as well as sellers who have redone a house and are now putting it on the market. I never recommend that someone skip a home inspection.

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Flipping Houses in Ohio? 5 Cities to Consider

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It’s better to invest in the work of a professional than to cut corners and scare off potential buyers when the house hits the market. “My Even if something went wrong, you likely wouldn’t end up losing money. If you’re new to flipping houses, Jenkins encourages you to be realistic when it comes to acknowledging your skill level.

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Flipping Houses in New York: 5 Cities to Consider

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Flipping takes a lot of money, know-how, manpower, and planning to be successful. That is especially true in the New York market, where house flipping margins have gotten thinner as home prices and repair costs have escalated, and buyers have been shut out of the market by higher interest rates.

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Flipping Houses in Florida: 5 Cities to Consider

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With steady population growth in Florida and a housing market that has calmed to a more reasonable level, opportunities are plenty. A cooling, less competitive Florida housing market means investors can find more opportunities to make a deal on the types of properties they need for a flip. How much do Florida flippers make? “It’s