Best markets for flipping homes
As investor activity continues to thrive in 2013, more and more homes will be flipped as home prices are expected to continue climbing. Investors who bought while prices were still depreciated and interest rates at record-low will rehabilitate and sell these homes for a profit.
RealtyTrac researched the top 25 markets nationwide where flipping single-family homes offers the highest rate of return based on the flipper’s gross profit — the difference between average original purchased price and the eventual flipped sales price of a flipped home.
To create the list, RealtyTrac studied more than 600 metro areas throughout the country where flips of single-family homes occurred in 2012.