From its headquarters in New York City, Trevor Cole Commercial Corp. helps its clients nationwide secure mortgage loans. Trevor Cole Commercial Corp. also provides the support services in many professional real estate dealings who fix and flip commercial properties in a variety of locations.
Location is a big factor in flipping, as it is in most real estate transactions. Locations with good economies, steadily rising populations, robust shopping centers, and significant developments are ideal locations to look for commercial fix and flips. Other factors that make locations attractive are work force, good salaries, and unemployment rates. If the budget is tight, locations with lower labor and material costs are important. Building materials such as sheetrock are cheaper in some locations than in others.
With all those factors coming into play, how do you decide the best location to fix and flip? CNN Money already did that for viewers, and combed through studies on the US flipping industry to come up with a list of top cities to fix and flip. Here are the top five: 1. Baltimore, Maryland; 2. Knoxville, Tennessee; 3. Oklahoma City, Oklahoma; 4. Jacksonville, Florida; and 5. Memphis, Tennessee.