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How Can House Flips Improve the Surrounding Neighborhood?

·3 min read
How Can House Flips Improve the Surrounding Neighborhood?

House flipping can be a successful strategy for real estate investors with a tolerance for risk and the tenacity to find deals. Christopher Totaro, an agent for Warburg Realty, a Manhattan firm that has built, managed, and brokered properties since 1896, said that a single-family home flip has the potential to boost the resale of surrounding homes. "When a property sells at a higher price, the net effect is that all property values improve," he said in a November email to The Motley Fool sent via a representative.