House flipping is back – or more accurately, it never really left. After the 2008 debacle most investors will agree that the fix and flip market had definitely cooled. Now, however, with conditions once again right for flipping in real estate markets throughout the Washington D.C. area, including Maryland and Virginia, investors are once again enjoying prime conditions for house flipping. Adding more pressure to this opportunity is the potential for additional interest rate hikes, making time critical.
But even with good prospects, the caution flag is still flying in the house flipping arena, and those who earn the most profit from today's fix and flip market will be those who avoid making the following mistakes: