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• Do Low Real Estate Prices Help You or Hurt You When You Want to Flip a House?
• Flipping houses in a Tough Economy

Do Low Real Estate Prices Help You or Hurt You When You Want to Flip a House?

A recent article in the Wall Street Journal by Christina S.N. Lewis points out that many buyers who want to flip a house are now heading to the worst-off real estate markets, hoping to find hidden gems and dirt-cheap properties.

Lewis notes that in parts of Phoenix, Arizona house prices are down 17% or more from 2006. In parts of North Carolina, prices have decreased 10%-20% since 2006. Median Cape Cod house prices fell 6% from a year earlier.

Across the board, prices have dropped, and in some markets they have declined significantly. What does it mean to you?

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Flipping houses in a Tough Economy

CNNMoney recently ran an article about how small businesses can survive in a slumping economy. If you are interested in flipping houses and are worried about the current shaky market, the advice offered is certainly something you will want to take to heart:

1) Increase marketing efforts. Small business owners who were around during the shaky economy of 2001 saw competitors go bankrupt when they cut back on advertising.

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