What kind of neighborhoods make the best candidates for house flipping?

What kind of neighborhoods make the best candidates for house flipping?

Michael Corbett (Real Estate Expert) gives expert video advice on: What are the various timelines for flipping a property?; How long should I hold a property that I want to flip?; When is a good time to buy real estate to flip? and more...

When you're looking for fixer properties, it's location. You always want to buy the worst house on the best block. Many very well established, beautiful neighborhoods don't have fixers that are going to actually afford you the opportunity to make a lot of profit on them, so you always want to go right next to the best neighborhood or look for the property that's in a neighborhood that we think is going to be upcoming, and that's called a transitional neighborhood. It's very much about trying to find the best property in the best neighborhood for the money that you have.