How Much Can You Make Flipping Houses?
According to RealtyTrac's U.S. Home Flipping Report, investors made an average gross profit of $63,000 per flip last quarter. In other words, on average, houses sold for $63,000 more than they were purchased for.
The US Cities With The Highest Number of Flips?
Los Angeles, California
The US Cities With The Most Profitable Flips?
St. Louis, Missouri
Buy Low, Keep Renovation Cost to a Minimum and Sell High!
Find banked owned / foreclosure 'REO' houses. Because the banks have to continue to pay insurance, taxes and maintenance on the property, they tend to be very motivated to sell their inventory even if it's at a deep discount. HUD houses, which are foreclosed homes with an FHA backed mortgages are also a source of bargain properties. HUD publishes all its houses on a website which makes it easy for investors to look for potential deals.
Maximize Your Profits With These Repairs
Buy Properties with A Lot of Equity | Be Realistic About Your Renovation Costs | Get Advice From knowledgeable Experienced Flippers