Flipping Real Estate: Big Profits in Following Tech Startups?
Despite Facebook’s horrific IPO flop many investors focused on flipping real estate are certainly wishing they had moved to cash in on the areas hot market a little earlier. So for those who missed the windfall where are the best places for getting ahead of the curve and flipping real estate now?
From the dramatic effect Facebook’s IPO had on demand for Silicon Valley property and the steep price jumps it resulted in many would argue following tech startups may be a smart strategy for flipping real estate. Where tech startups are grouped together, the venture capital usually is too. Not all tech companies are hitting home runs but as we have learned it really only takes one big one to strike gold in order to create big profits for real estate investors.
So where are the hot spots for tech companies today?
According to Forbes the best cities for tech jobs are:
- Seattle, WA
- Washington, DC
- San Diego, CA
- Salt Lake City, UT
- Baltimore, MD
- Jacksonville, FL
- San Jose, CA
- Columbus, OH
- Raleigh, NC
- Nashville, TB
Cities which are hot for jobs and tech mean a great combination of stronger markets with the potential to blossom even further, which is why San Diego real estate is still one of CT Homes’ favorite markets.
Of course there are sure to be great opportunities for flipping real estate in all of the above listed markets but investors need to make sure they are careful to do their due diligence and take other factors into consideration as well.
In fact, while technology still might be what lights up the headlines most frequently, real estate seems to be what is beginning to drive local economies more than anything else today. Even at its worst property values didn’t drop as much as Facebook stock has in a much shorter period of time.