Definition of 'velocity'?
Hi,
I have just been reading thru old posts and I have tried finding out what makes a good market for rehabbing and flipping. Is it the same criteria for a good rental market?
Anyways, I have seen a couple posts mentioning 'the velocity of the market' is what makes a good house flipping location. I was hoping somebody could explain to me what velocity means in real estate terms and also, hopefully, what makes a good market for flips? Thanks.