Top 10 Markets for Flipping
The good folks over at Realtor.com said that it seems like everyone is getting into real estate game or at least dreaming about it. In fact, they remind everyone that it’s just not as easy as it looks on HGTV and that something called reality sets in. That’s why their economics team crunched the numbers to find the hottest markets for investors – the ones with cities where the highest percentages of home sales are for flipping or turned into rentals, usually after a rehab.
“To truly make bank in the housing investment game, you need to pick your markets carefully—especially since profits just about everywhere are being squeezed by high home prices, a shortage of affordable older places for sale, and cutthroat competition from legions of buyers and fellow investors.”