1st Time Home Buyers Price Range
I am investor looking to buy properties in areas where the 1st time home buyers price range is around 225k - 350k. If you are an agent that lives in those price range area please send me message!! Thanks
Try DC area, Cal, Denver, Alaska, etc. But, my concern for your strategy is these locations are a far reach for you from the Biloxi area. There is a lot of money to be made within 100 miles of your area, refocus on that. Here is the bottom line, in my view, I could turn 5 houses for every 1 of yours and tie up the same money...
thats just it. I would rather tie up say 200k on a 325k house and make same amount of money I would buying say 5 houses fixing them all up versus fixing one house up. Same house, same rehab, only more money for you buck!!
yeah sounds like a great plan!!
I would suggest you look at affordablity info.... I think that a much more conservativ measure of affordablity.
From what I see the concensus is bread and butter homes...If you really want to flip higher end homes, I would stay close and look into the golf course communities, waterfront, and nicer areas of Ocean Springs, Biloxi, Woolmarket, etc. Having lived on the coast numerous times, I know what you are looking for is there. Still believe entry level homes will make you plenty of money, as folks are always looking for affordable housing.
you seem to be facing a number of challenges.. I hope things work out for you.