I just finished listening to Module 2 of Find It, Fix It, Flip It, or Keep It (www.ctreia.com) … and am working on “Farming” an area to wholesale. I am not sure what my priorities should be.
Right now I am looking at a particular neighborhood. I simply chose the area because it’s close to my house but still affordable. Here are the positives and negatives I see so far.
Any input would really help.
Thanks so much.
Answer from Linda Baumgarten: You’re doing great!
Rehabbers have to like old houses – that is all we have here in CT … lol !
Yes, they much prefer 1.5 to 2 bathrooms… and often they figure out a way to create another bathroom if necessary.
Everything will be reflected in the price … (1.5+ baths will sell faster and for more money).
There is always going to be competition. HINT: Call the “We Buy Houses” signs. Find out what they are looking for… maybe you will find a house for them or maybe you can help them find a buyer for their property.
Talk to a Realtor – find out how long it takes to sell houses in this town (days on market), what is the median price, what style/size/etc is most popular. If houses are selling in this town, everything else you said sounds good!
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