Flipping profits more than triple from 2012
July 19, 2013
Here’s the bullet points:
- Flipping is risky business.
- Just two years ago during the January-to-June period, flippers lost an average of $13,206 per home. Last year they turned an average profit of just $5,321.
- And although flipping continues to increase in the nation as a whole, activity dried up along with the bargains in 32 of the 100 markets that RealtyTrac examined…. like Las Vegas, Phoenix, Southern California and Atlanta
- flippers continue to find big bargains in one state that was hit hard by the housing crisis: Out of the nation’s 15 most profitable metropolitan markets for home flipping, almost half were in Florida.
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