To successfully flip houses in Pittsboro in 2019, one must:
- Have cash
- Buy low
- Do your own repairs
- Be fast
Even with those suggestions, it’s going to be extremely hard to make money flipping houses.
That’s because there is a lack of inventory out there right now. Pittsboro real estate is extremely hot, and houses are selling at or above what they’re appraising for.
Good news – rental income
The only thing hotter than home sales in Pittsboro right now is the rental market. Currently, you can buy a house and rent it and make a great income. If you keep the 1% rule in mind (and property in the area continues to appreciate) you can buy a house, rent it, and sell it in 5 – 10 years and make out very well.
Check out Eric’s Real Estate Investment Guide
See the guide here which includes 10 videos on purchasing investment property in Chatham County.