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Evan Roberts says Baltimore Real Estate Market is Ripe for House Flipping in Baltimore
The owner of an innovative home buying company Dependable Homebuyers, Evan Roberts says that the real estate market in Baltimore is hot for flipping houses. The We Buy Houses company has been flipping houses for nearly a decade now. The investment firm acquires all types of residential properties throughout Baltimore and elsewhere in the state of Maryland. They buy houses from owners and take charge of renovating the properties so they are saleable in an open market or to investors among other buyers. Flipping houses is not new but simple rehabbing of properties does not qualify in every scenario. A house bought, renovated and sold in a span of twelve months or less is flipping. Other forms of rehabbing are midterm to long term investments.
Evan Roberts highlights the large inventory of distressed properties and the appreciating home prices as the two main reasons why real estate professionals and investors should consider flipping. There are innumerable houses in and around the city that are not saleable in their present state. New home construction is falling short of meeting the expectations of buyers. Many buyers are being compelled to consider pre-owned properties but most houses require extensive repairs and many warrant major improvements. This ... more
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