If you are like most real estate investors, you understand that every detail counts when it comes to negotiating a profitable home flip. Having a plan that accurately accounts for all aspects of real estate investment must be taken into consideration for maximum profit on a flip is a key to success.
The Hotter the Neighborhood, the Better
When selecting promising investment homes, homes that are positioned in neighborhoods where demand is rising in line with median home sales prices offers investors the best opportunity for larger returns. If the neighborhood is hot, people want to live there, and they like the home they’re viewing, these properties tend to move quickly once they are made available on the open market. According to recent data collected by Trulia.com, the median home price in Washington DC is currently $550,000 based on 845 home sales from December 10, 2015, through March 9, 2016.
Distressed Properties Offer Substantial Opportunities
In order to make the best flips – and deals – on a real estate investment, distressed homes and properties offer a unique opportunity to purchase at a deep discount than typical listing prices. With a median price of $550,000 per home, an average price of $464 per square foot, and an average rent of $2,990 per month it is easy to see how a strategic investment in distressed property that can be rehabbed and put back on the market for a substantial profit.
Be in the Right Place at the Right Time!
Working with professionals who specialize in Washington DC area real estate investing helps put you on the pulse of the market. Real estate opportunities tend to come and go quickly. This is especially the case on properties that offer a strong chance of bringing high returns. When the times comes to actually to close a deal, working with a team who has all of the skills and experience assures that the purchase, renovations, and final sale are executed professionally.
These are just some of the reasons that so many savvy investors rely on MSI to deliver the high level of professional, researched work to pinpoint the best opportunities throughout the region. This helps their real estate investors earn the best returns in the lucrative Metro DC market.
There are many investors who are doing very well in the Metro DC area by flipping houses. It’s time you joined their growing ranks. Contact MSI today to find out about open investment opportunities that are available today.
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