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how to find houses to flip
May 26, 2022

Tips to Find Affordable Houses to Flip

If you need assistance with beginning your house-flipping venture, you’re in the right place. Follow Mr. Storage’s guide on searching for affordable homes to flip. We will show you how to find houses that meet your criteria while providing assistance with organizing your remodel.

How to Find Houses to Flip

 

How to Find Houses to Fix Up & Flip

Research the Area Well

When buying a home to flip, you should consider the needs of the buyer. There are many factors that can determine the type of home you should buy. For example, the cost of living of the area, transportation, geographic location, budget, and more. Depending on what you can afford to spend on the house, you will need to consider the repairs that may be needed. Set a pre-renovation budget that you can stick to when making your decision. You will increase your chances of finding a house that will be a successful flip by taking these factors into consideration. Once you are ready to research your neighborhoods, use New Silver Lending’s state-by-state guide to house flipping.

Search Online, But Also Making In-Person Real Estate Connections

Searching for real estate online is easier than you think. Online marketplaces such as Zillow allow users to search for houses within their budget. You can also view pictures of the home and take virtual tours. Zillow provides additional resources to help home buyers and sellers. Their Home Sellers Guide and Foreclosure Center have great information that can be useful to you during the buying process. Forming relationships with local real estate agents is a great way to gain even more knowledge and insight into the market. We recommend using them to your advantage as they can assist you with navigating the house flipping process. 

Identify Red Flags During Your Search

While sticking to your budget is key, it is also important to take note of the red flags that may come up when identifying affordable homes. Some homes may need tons of cosmetic and technical repairs that are beyond your budget or skill/experience. We highly recommend staying away from homes with the following issues:

  • Too Small of Kitchen/Bathroom Space
  • Plumbing Issues
  • Electrical Complications
  • Water Damage
  • Cracks in Foundation
  • And More

To keep up with more tips, like our Facebook page!

Mr. Storage in Toledo, OH

Once you’ve found your ideal house to fix up, contact Mr. Storage in Toledo, OH. We can assist you with storing extra items and materials for your renovation projects. We offer month-by-month leasing options and contact-free rental options so you can move your belongings in as quickly as possible.  Our facilities have a variety of units to meet your storage needs. They include temperature-controlled, drive-up, and interior storage units. Our facility in South Toledo even offers outdoor parking for larger vehicles. At Mr. Storage, we prioritize the security of your items. We have 24-hour surveillance cameras with monitored gate access at the entry points to ensure your items remain safe while in storage. Visit or call Mr. Storage today, and find the perfect unit for your items! 


Paige Weary Avatar

Paige Weary

About the Author: Paige is a Social Media Coordinator at Storage Asset Management in York, PA. She brings the most useful storage tips and tricks to your social media feed and loves a good self-storage pun. Beyond work, Paige spends her free time traveling extensively, her most recent trip being the Andes Mountain region of Bolivia.