Flipping Houses in a Down Market

Flipping Houses in a Down Market

My team and I flip houses in Michigan, where the housing market is currently experiencing a significant slump. Wherever these dips in the market occur, they often discourage investors, particularly novice investors, from flipping, but you don’t need to get discouraged. With the right adjustments, you can flip houses profitably in a depressed market. I suggest three strategies for successfully flipping houses in a down market:

* Focus on foreclosures.

* Look for deeper discounts.

* Buy and hold.

In the following sections, I describe these strategies in a little more detail.