Edmonton house flipping has slowed in the past few years, but this isn’t representative of the real estate market. Even in low-growth periods, house flipping can be profitable, but only if you do it right. Here are three tips to help select and renovate your next property for a more profitable flip.
1. Start At The Neighbourhood
Attempting to flip a $500,000 home in an area that feasibly sells for around $500,000 means you are unlikely to make a significant profit when house flipping. The best place to start when looking for a house to flip is to look at what homes in the area are selling for. The home you pick should be less than that number by a healthy margin to help you maximize your profits. Remember, even if you get a fixer-upper, your work…
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