Flipping Houses in New York: 5 Cities to Consider
HomeLight
MARCH 10, 2023
Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Generally, I start from the back — what is the after-repair value (ARV) when the house has been fully renovated? I determine what is the most I can get out of it. Wise agrees.
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