For those interested in getting started in the flipping real estate game, Hamilton may be the secret to success. Profitable real estate investment means staying on budget and making a quick sale. Hamilton seems to be the best location for a quick flip.

What’s So Great About Hamilton?

A port city in the Niagara Peninsula, Hamilton is at the centre of the Golden Horseshoe. For those who aren’t familiar with the term, the Golden Horseshoe is the nickname for the horseshoe shaped region of the western end of Lake Ontario, with the ‘Golden’ designation awarded from the affluence and prosperity known to the area.

Although Hamilton boasts a great number of tourist attractions, the main economy is considered to be from manufacturing and steel production, and more recently the health and sciences fields. Not surprising, considering Hamilton is also home to several prestigious higher learning institutions such as McMaster University and Mohawk College.

Why Hamilton May Be The Best Place To Get Started In Real Estate Flipping

Over the last decade Hamilton, and other Niagara locations have witnessed a modest amount of interest for some Torontonians looking to escape the city, but not willing to lose all the urban amenities. Most parts of the Niagara region offer cheaper cost of living, less gridlock, and easier access to nature. Hamilton in particular has much to offer, but it has yet to experience the frantic real estate boom that has been witnessed in Northern Ontario prior to, and during the pandemic.

Honestly, it’s just a matter of time.

And that’s why Hamilton can be your secret weapon to financial success, especially if you start looking now. Hamilton property will be a great investment, because on top of location, it also means the added benefit of a quick flip. Hamilton has not received the attention it deserves, and it has yet to hit the radar of more experienced real estate investors!

Here are some tips for novice investors considering flipping real estate in Hamilton:

• Get a real estate agent – they will be your biggest ally for setting a realistic budget and sticking to it as they will be able to show you properties in Hamilton that meet your needs. Experienced real estate agents will also be able to give an estimate as to what each place would sell for once the renovations are completed.
• Get a good renovation team – contractors and renovation specialists who have proven track records of delivering quality work, on time are also invaluable. Make sure to thoroughly vet your prospects by visiting past job sites, and speaking directly to previous customers. Under no circumstances should pictures or written reviews be enough of a testimonial to get your business.
• Get a mortgage lender – For those new to real estate flipping endeavours, purchasing a property to flip with cash may be an unrealistic goal at this stage. Finding a mortgage lender to get you the best rates possible is doubly important. First, because you’ll need a mortgage to finance the house, secondly, because if the house doesn’t sell as fast as anticipated, you may need to carry the mortgage for a couple months.
• Get a Shop2Save membership – Shop2Save is an online platform where members can experience a wide variety of savings, discounts and cashback rewards. Membership is completely free because the basis of being able to provide these perks is based on volume pricing, which, of course only gets better the bigger the member base is. A Shop2Save membership is particularly relevant to new real estate flippers because in addition to discounted purchases, members also earn cashback rewards when buying or selling real estate. Cashback can also be earned when arranging mortgages through the site. As a point of pride, Shop2Save only facilitates premium services for it’s members. As such, two of Canadas most trusted companies Remax and Dominion Lending Centres are the points of contact for members.

So, if you’re interested in getting started in flipping real estate game, Hamilton will be the secret to success!