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The high average profits per flip in the recent period demonstrate that flippers are still filling an important niche in an aging housing market with historically low levels of new homes being built.
The location of a property is always key, especially to investors looking “fix and “flip” a single-family residence. Some new reports are showing that older homes in still-desirable markets may offer key opportunities for flippers to get creative. These older homes can sometimes be renovated with current finishes and features that make them more attractive to homeowners.
The rehab market is still a significant driver of the health of the housing market overall. A report by real estate data provider RealtyTrac found that houses that were “flipped” still represented approximately 4 percent of... read more