market for fixing a...
 

market for fixing and flipping houses?  

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dreya
Posts: 6
(@dreya)
Active Member
Joined: 3 years ago

Just wondering if anyone is up on the market for fixing and flipping houses in St. Croix? I've seen ALOT of beat up places that are pretty inexpensive, and it seems like people that are buying a 2nd home in St. Croix would want move in ready. I'm sure building matls are not easy to come by, but it seems like there could be a market for the fix and flip business there? Thoughts?

10 Replies
Alana33
Posts: 12153
(@Alana33)
Expert
Joined: 7 years ago

If you've got unlimited time, money and your own crew, go for it.
If not, don't.

Reply
Trixie_b
Posts: 37
(@Trixie_b)
Advanced Member
Joined: 3 years ago

From what I can tell, It takes a long time for properties to sell, so you could be sitting on a flip house for a number of months losing money with taxes and insurance payments and have your equity tied up for an unknown length of time.

Reply
Scubadoo
Posts: 2234
(@Scubadoo)
Trusted Member
Joined: 5 years ago

From what I can tell, It takes a long time for properties to sell, so you could be sitting on a flip house for a number of months losing money with taxes and insurance payments and have your equity tied up for an unknown length of time.

or years

Reply
speee1dy
Posts: 8720
(@speee1dy)
Expert
Joined: 11 years ago

yeah, not the best market on stx for flipping

Reply
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