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July
1
1
Do You Want to Flip Houses?
Do you want to flip houses?
Florida had 7 of the top 11 areas with the highest percentage of flips according to CoreLogic Insights. Below are the rankings of the top 10 with the respective profit % and time on market.
1. Memphis, TN
8.8% of sales
55.6% profit
111 days on the market
2. Fresno, CA
8.43% of sales
44.8% profit
147 days
3.Lakeland-Winter Haven
7.54% of sales
50.6% profit
138 days
4. Virginia Beach-Norfolk-Newport News, Va.
7.38% of sales
59.5% profit
160 days
5. Miami-Miami Beach-Kendall
6.85% of sales
40.2% profit
146 days
6. Tampa-St. Petersburg-Clearwater
6.80% of sales
56.6% profit
154 days
7. Orlando-Kissimmee-Sanford
6.80% of sales
44.4% profit
146 days
8. Deltona-Daytona Beach-Ormond Beach
6.74% of sales
50.0% profit
149 days
9. Fort Lauderdale-Pompano Beach-Deerfield Beach
6.60% of sales
39.6% profit
144 day
10. Palm Bay-Melbourne-Titusville
6.60% of sales
67.4% profit
159 days
11. Los Angeles-Long Beach-Glendale, Calif.
6.39% of sales
35.4% profit
168 days
Have you ever thought of flipping houses? As a realtor, I work with investors to help them buy in the right area at the right time with the knowledge and expertise they need to be profitable!
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