Updated over 10 years ago on . Most recent reply
An interesting article on flipping
Fellow BP flippers,
Saw this article on Yahoo! and thought I'd share: http://finance.yahoo.com/news/housing-flipping-ris.... A few interesting excerpts:
- Flipping returns are up substantially from a year ago at the national level and in moderately priced markets such as Miami, Atlanta, Phoenix and Minneapolis, flipping returns are softening in some of the higher-priced markets such as San Francisco, Seattle, Denver and Los Angeles
- Flippers should proceed with caution in the next 6-12 months as home price appreciation slows and a possible interest rate increase could shrink the pool of prospective buyers for fix-and-flip homes
- Flippers are taking an average of almost 6months to rehab their homes, which is an 8-year high
- Flipping is not always profitable. Flips on the lowest-priced homes, below $50,000, saw negative returns in the second quarter [of 2015]. The sweet spot appears to be homes priced at $100,000 to $200,000, which yielded an average gross return of 44 percent