Simple Tips to Maximize Your Edmonton House Flip
Posted by Gurpreet Ghatehora on
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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