Which type of investment property is best suited for flipping?

The best choice for flipping investment properties is a residential "fixer-upper." This type of property typically offers renovation opportunities that can significantly increase its market value in a relatively short timeframe. Flipping generally involves purchasing a property, making necessary improvements or repairs, and then reselling it at a profit.

Residential properties are often more appealing to a broad range of buyers, which can make them easier to sell once improvements are made. Additionally, the costs associated with renovations on residential properties tend to be more predictable and manageable for flippers than those associated with commercial properties or luxury homes, which may require specialized knowledge or a higher upfront investment.

While unimproved land can be profitable, it usually requires a different strategy that focuses on long-term investment rather than quick turnarounds. Commercial properties and luxury homes often involve higher capital costs and longer holding periods, making them less suited to the flipping strategy commonly associated with residential fixer-uppers.