Flipping is still alive and well in the Dallas Fort Worth area. The majority of these flippers are cash investors who come in and buy distressed, foreclosed properties. The market is much more competitive and some of the profit margins have dropped, but you can still turn a profit.
Another technique that I have been helping some investors with is similar, but it doesn't have the instant return on investment that flipping . It is buying a property that might require less work, but you won't get such a "great deal" but you can purchase the property, rent it out for a year or two, earning you 10-15% annual return on investment and then sell the property a year or two out once the market has recovered and built some natural appreciation as well.
This can be done totally hands off from you by using state licensed professionals. If you are interested in additional information, feel free to give me a call.
It's more than real estate. It's RAYL-Estate!
Brian Rayl, REALTORÂ®
Keller Williams Elite