Flipping a home is certainly a great way to make money in today's market. Of course there are different types of houses everywhere but there are some general things to look for when you're picking a home to flip. For your first flip try to find a house that doesn't need a ton of major repair work, make sure that the house is priced very low under it's value as well. Often there will be several promising properties in older subdivisions as children are wanting to sell houses quickly as their parents move into long term care facilities. Here's what you should be looking for in a house to make your flip a total success.
Solid Structure. Unless you're getting a really good deal on this home you should not buy a home that doesn't have a solid structure. It is very difficult to flip a home when the structure is crumbling beneath it. You can check how solid the structure is yourself by carefully inspecting the roof line to make sure there aren't any spots where it isn't flat. Remember that it is highly recommended that you get a professional structural inspection.
Solid systems. You can find yourself spending boatloads of money trying to update and replace electrical, HVAC, plumbing, and roofing. So when you're looking for a home to flip try to find the house with the majority of these in good working order and also be looking for those that are predicted to have a long life expectancy.
Curb Appeal. You're looking for a home that isn't the most appealing from the road to start with. This is where a few minor changes will make a big difference about how the house is viewed from the street by potential buyers. For example you can get rid of any big trees to open up the front yard, add some contrasting shutters, and even clean up the flower beds and put in some perennials. Creating instant curb appeal.
Neighborhood. You should be looking for a home that overall fits in the neighborhood. Find a house that has similar architectural style, size, age, and general upkeep as those it is surrounded by. Keep in mind that when you're flipping a home it still needs to look like is belongs within its neighborhood.