I love watching HGTV and I have to admit that they make it look easy. So even if you want to get into real estate investing, sometimes you wish you could just buy a house and flip it. But you know that the process is much more complicated than it makes it look on a 30-minute TV show. So even though you have a dream, you don't think you can do that project right away. But the five-figure, sometimes six-figure salary is very attractive. If you're interested and a little bit handy, you'll be interested to know that one of the best cities to flip a house is in North Carolina.
Because if you're going to take on an expensive, complicated project, you need to know there's going to be a return on your investment. It doesn't matter how nice the home is if the renovations are going to take you out of the area and you're priced out of the area. I've talked to a few people from Waco, Texas, and this was part of the problem with the “Fixer Upper Homes.” The housing market in that area just couldn't support the resale of those homes.
To determine the best cities to flip a house in North Carolina and across the nation, WalletHub compared over 170 U.S. cities using 26 key metrics that indicate market potential, costs, and quality of life. The dataset includes everything from the median purchase price to the average cost of a full home renovation to the number of real estate agents per capita.
You can see the full study here , and keep reading to see the top 20 (which includes one North Carolina city) and how other cities across North and South Carolina ranked.