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Tips to Find Affordable Houses to Flip

Starting a house-flipping journey isn’t easy but Rent-A-Space is here to help! Follow our guide as we show you how to search and find affordable homes to flip.

How to Find Houses to Flip

How to Find Houses to Fix Up & Flip

Research the Area Well

One of the first steps in the process is to research the area. Create a list of the things you and the buyers are looking for in a home. Geographic location, budget, transportation, and safety are key factors to consider when looking for homes. As you research different areas, you will begin to narrow down the options. If you need additional resources during your research, New Silver Lending’s state-by-state guide to house flipping is a great tool that can help you find the perfect home to flip. The housing market may be unpredictable at times but with adequate research, you will be able to find houses within your budget. 

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

There are many great online resources that can assist you with finding homes. Zillow is an online tool that allows users to set filters based on location, home features, budget, and more to find the perfect property. Their online marketplace has a plethora of information for users, and they even provide virtual tours. We highly recommend visiting properties in person however this tool makes it easier to view properties that may be less accessible. For additional resources, check out Zillow’s Home Sellers Guide and Foreclosure Center. Local real estate agents can also provide a lot of information regarding the market. We encourage buyers to form relationships with the real estate agents in their community since they may have more knowledge on properties that you may not be able to find online.

Identify Red Flags During Your Search

While we hope all buyers find the perfect home, you may still come across homes with red flags. Certain issues may require expensive repairs that are beyond your budget and expertise. If you have the budget to make these repairs but do not have the experience in doing so yourself, we recommend hiring professionals to assist you. Here are a few issues that you should stay clear of when searching for homes to flip:

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

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Rent-A-Space Storage in Virginia 

If you need space to store your renovation supplies for the house flip, check out Rent-A-Space. We are located in Roanoke, VA, and Salem, VA. Our facilities offer a variety of storage units to accommodate your needs. We offer a contactless online rental process making renting storage easier than ever. Ensuring the safety of our customers and their belongings is a top priority of ours. Our facilities offer drive-up, and temperature-controlled units ranging in sizes from 5×5 to 30×30. At our facility in Salem, VA, we offer RV and boat storage for customers. If you need assistance determining the correct storage size for your belongings, use our Storage Calculator tool. At Rent-A-Space Storage, our facilities have 24-hour recording cameras and keypad access so you do not have to worry while your items remain in storage. You can find the perfect storage unit for your belongings at Rent-A-Space. Rent online today!

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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.