Gross Profits Soar To 80%, Fixing and Flipping in These Cities.
Not every house makes a good flip. Just because a home is selling for a rock-bottom price doesn’t mean you can put money in it and automatically make a fortune. Check these cities out for your next Fix n' Flip...
According to Fortune, in 2016, flippers in the following cities saw gross profits of 80% or more of the price they paid for their homes:
East Stroudsburg, Pennsylvania (212.1%)
Reading, Pennsylvania (136.4%)
Pittsburgh, Pennsylvania (126.8%)
Flint, Michigan (105.8%)
New Haven, Connecticut (104.8%)
Philadelphia, Pennsylvania (103.7%)
New Orleans, Louisiana (97.6%)
Cincinnati, Ohio (88.5%)
Buffalo, New York (85.1%)
Cleveland, Ohio (83.8%)
Jacksonville, Florida (81.8%)
Baltimore, Maryland (80.8%)