Is G-Ville a good market to flip houses? (Greenville: real estate, rental market)

[cabin]

Does anyone do this? Seems like Greenville could be a good place to do this. Yes, I know now is no time to flip houses. I am speaking broadly.

[ckeegan]

Originally Posted by cabin

Does anyone do this? Seems like Greenville could be a good place to do this. Yes, I know now is no time to flip houses. I am speaking broadly.

I have a few clients who are still "flipping houses", but it's important to be more cognizant of your plan. In my opinion, it's important to look at properties with broad appeal in price, location, and general makeup.

Once you put the property back on the market, you will have more competition due to that broad appeal, but you will also have a larger pool of buyers.

[innovator82]

There is a local group of real estate investors/house flippers in Greenville that I am involved in that is extremely active. It's regular folks who do this as a hobby or for a living--they meet once a month and tons of people show up to network, give and get advise, make deals, etc. They welcome visitors as well. Check them out:

Upstate Carolina Real Estate Inv

[manuela1979]

I'm very interested in flipping houses. I have the will and desire and I admit no, money, but so far I have saved $5000. I know there are people more experienced who could guide me to the right direction. If anyone, please give me your advise. Thank you

[Crackofdawn]

I own 2 rental houses - the rental market here is so hot it would make me far less money to flip houses than i make just renting them out.

[lyricamphibian]

In case you want to look into the Upstate Carolina Real Estate Investors Association, the link above doesn't appear to work. Try this: _ - UpstateCREIA.com :: UpstateCREIA.com

[Sunbather]

Originally Posted by manuela1979

I'm very interested in flipping houses. I have the will and desire and I admit no, money, but so far I have saved $5000. I know there are people more experienced who could guide me to the right direction. If anyone, please give me your advise. Thank you

Do you have $5,000 saved and set aside purely for flipping houses above and beyond your other savings? Or in addition to emergency funds, 401k, roth IRA, and any other savings and non-retirement investing?

Assuming this is money set aside specifically for flipping houses, is this $5,000 EVERYTHING you have toward the purchase and potential renovations to flip a house?

[Hobo7396]

I would think the best place to flip houses is a place where there is lots of money to be made doing that

Phoenix
Vegas
California
Parts of Florida

There was show about houseflipping here in SC and its not on TV anymore. The people who were flipping the houses weren't doing real well.

[Sunbather]

I have multiple friends who have been successfully flipping houses in Greenville for several years. But you do need to know what you're doing and have the funds available to float things at times. Obviously there are other places that have MORE money to be made of course.

[DSMRE]

People have done well here flipping. It's better to do in a down market though, not when it's a tight seller's market like it is now.