It all depends on the area. In some areas, nominal Year 2000 prices have already returned. In other areas, buyers will have to do with inflation adjusted prices.
My brother and I, and a buddy have been buying houses in the Fort Myers area for $40k – $50k and flipping them. The buddy’s wife is a Realtor with connections to banks.
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that’s not a bad deal. even empty plots of land is going for around $20k, and there’s no way you can build a house for for $40k. even if you turn around and sell at $80k, that’s still a decent profit.
what is your general turn around time from purchase to flip? and who are the folks buying? snowbirds?
