If the location is soft you will have to realize up front that buying a house for flipping real estate will require some understanding. You do not want to have to limit yourself to obtaining a property that you can live in. For example, that means you buy a house and live in it until you turn it. In such an area you will need to get an edge on other investors. You will not likely be able to turn it for more than what the area can handle. Therefore, you need to tie it up at a huge discount to retain a decent profit if you are attempting this the old way.
Now wholesalers will begin by doing their homework on prices in the local markets. Given the current real estate markets and the number of motivated sellers, wholesalers who are are profiting very well. No matter what you decide to do, when all is said and done, you have to decide whether the profit you made against the amount of labor that came into play getting the property successfully closed.
Remember to educate yourself about flipping homes and/or discuss with a qualified professional before you consider any new real estate business and finance goals.
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