I have 2 California investors who are doing it!!!
Actually it may prove to be the most optimal time for such a venture.
Home flippers can still find plenty of opportunities, though they're not entirely without risk. It's a very good time to pick up bargains in the marketplace. Finds those bargains mostly in neighborhoods where you would like to live. Areas undergoing urban renewal present good investment opportunities.
The key ... is doing your research and knowing what you're getting into. Know the area you're buying, the market, how the price compares to the neighborhood and have a good Realtor.
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