With the economy still in recovery mode and the real estate industry still relatively fragile, the pricing and affordability for run down properties is still a profitable investment for those looking to flip and resell property. Locally, there are still many properties available for entrepreneurs looking to expand their real estate portfolio and make additional profits as the market regains momentum.

The Memphis movers have learned that almost 25% of the Memphis housing market is non-owner occupied. While some of those properties are rentals with tenants occupying them, there is also a substantial amount of investors who are buying REO properties and reselling them.

If you’re interested in becoming a home flipper, it is essential that you study the conditions of foreclosed properties and learn what types of properties will run you a lot more in cost to fix up. Also, learning the process of reselling flipped homes–what kind of timeline to prep for and also the amount of time that homes are spending on the market before being purchased by new owners. Learning what kind of maintenance and upkeep to expect in the meantime is also an important part of flipping houses–you have to be informed so you don’t get overwhelmed.