Finding fix and flip properties is a great way to achieve a steady monthly net profit for your invested dollars. House flipping is where you own a home for less than 12 months before selling it at a profit. The longer a house you fix sits on the market, the more expenses you incur. You'll first want to know where the hottest property markets are for the highest capital appreciation. Since Southern California has always been a great real estate market, we've pinpointed three specific locales to help ensure there are plenty of hungry buyers to bid on your renovated home (all prices are referenced from Zillow.com).

1. Riverside and San Bernardino Counties

San Bernardino and Riverside counties are where many people end up who get priced out of the LA or OC markets. These two counties accounted for 20% of all fix and flip properties sold in California in 2014. This area offers a variety of destinations, including numerous wineries, the Joshua Tree National Park, and the Big Bear ski resort. The current median home sales price in San Bernardino County is around $270,000, while Riverside County's average median home price is a bit higher at around $320,000.

2. Eastern Ventura County

The east side of Ventura County is a wealthy area located just northwest of LA. The Conejo Valley in general is known for the wealth of its residents, though there are pockets of affordability that are ideal for quick fix and flips. Affordable areas in eastern Ventura County include Moorpark, Simi Valley, and Camarillo. You may wish to check for areas that are in good school districts as this will make the properties more attractive to young families. For example, East Simi is known for its good schools as well as easy freeway commuter access to the San Fernando Valley. There are many expensive neighborhoods in this region (Zillow lists the average home value in the county at around $540,000), but houses located in the more affordable zip codes of eastern Ventura County can be found for around $400,000.

3. Northridge

Northridge is a great town in Southern California known for its planned neighborhoods.  A recently created neighborhood known as Sherwood Forest features ranch houses and large lots uncommon in the Southern California region. The old trees and lush foliage of the area makes for great selling points. The median home price for Northridge is around $617,000, but quick fix and flips can be found for less than $400,000.

If you're interested in how we can help secure funds for your next fix and flip, contact us for a consultation today.