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Updated about 6 years ago on . Most recent reply

Scott F.'s profile image
Scott F.'s profile image
Scott F.
  • Property Manager
  • from Texas
  • Member since Jan 21, 2017
Connect

User Stats

15
Posts
4
Votes
Scott F.'s profile image
Scott F.'s profile image
Scott F.
  • Property Manager
  • from Texas
  • Member since Jan 21, 2017
Connect
Scott F.
  • Property Manager
  • Texas
4
Votes |
15
Posts
Rehabbing & House Flipping

WSJ - House Flipping Surges Back

Scott F.
  • Property Manager
  • Texas
Posted

https://www.wsj.com/articles/house-flipping-is-back-to-pre-crisis-levels-heres-why-its-less-of-a-concern-11554802201?emailToken=f9edcb225e607e5e1cfcfe747b8225e9dPYZl/txioXMCRwSPo/s4u13sUwDHM3WuVzT3YKqMeqrHg/Y7LWEaZa409XspyaIc9v3BJKaqhyQ3tK3eiy8h5Pevxrpz26LuyMDhT14C5WdpvhoPnkDv10ETFz47AQ83AgS44jv5ZFyTJnb5beqKA%3D%3D&reflink=article_copyURL_share

According to the Wall Street Journal (link above), flipping is back to 2006 levels and states that flippers are better positioned now with profit margins averaging 23%vs. 6%. Do you agree? I wonder what role Bigger Pockets and tighter lending standards played to influence this Philadelphia also sites as one of the hottest markets with 93% margins.

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