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Is flipping a house in Macomb County still a good idea?

February 2nd, 2014 · No Comments · Buyers agency, macomb county mi real estate market, tips for home buyers

Flip or Lease a home on Macomb County MI?I came across this article in todays USA Today and wasn’t surprised that Michigan isn‘ t on the list of the 6 best states to flip homes.

 

There simply aren’t enough homes on the market, and those that are priced well & clean sell quickly for top dollar. Not enough “wiggle room” for an investor to purchase & flip in most cases. Purchase & rent? Oh yes. Still a nice market here for that.

In the last 6 months I’ve received far fewer calls from investors wanting me to find homes that they can “flip” for a fast return on investment, and more from those investors who currently own rental properties in Macomb County, looking for more to increase their portfolios.

Frankly, I’m glad to see the days of the “quick flip” are almost over with in Macomb County.  It means that we are finally on our way in to a nice recovery in home prices.  It’s been a long time coming!

Kris Wales – Macomb County MI real estate agent
586-536-5453 (cell)
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