BUYING TO QUICKLY FIX & FLIP

Flipping property has been around for a number of years; many people have been buying and reselling property time and time again.

Flipping has become more complicated as opposed to years ago. Years ago you could find properties throughout the City & suburbs that you could purchase and easily rehab and flip, or just purchase a property and flip without doing anything to the property.

In today's market there are still great properties to purchase, you just need to know how to find them, know the market, and make the move quick. Tie the property up!

 
When to buy

When buying a property to flip, you always want to buy in the fall, winter, or early spring if at all possible. This will allow you to get the lowest purchase price. It will also allow you to rehab the property, and put it on the market for sale at the best time of year: the Spring Market.

You will want to be able to sell in the appropriate time of year. Spring & summer are when most properties sell and the demand is highest. Everyone is looking at this time of year- individuals, couples, and families with children. Since school starts in late August/ early September, spring is the best time to sell. 

 
Where to buy?

Location is key, because there are many different neighborhoods where you can buy properties for investment purposes. Below are a few neighborhoods that are experiencing growth, which would be worth investing in:

- South Loop

- Logan Square

- Avondale

- Albany Park

For more information on flipping properties, click here to contact us.