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Best Places to Flip a House

This year, home-flipping will reach an 11-year high. Over 207,000 homes have been flipped at an average profit of $68,100 per house. These profits are just what real estate investors are looking for. As any good investor knows, the key is knowing when and where to be. Finding a “hot neighborhood” is difficult for investors, however; knowing this, Realtor.com ranked the 200 largest metros according to the share of all home sales that were considered a flip. Each state was allowed two cities for geographic diversity and only included markets with a profit of at least $30,000.

Here were the top 8 markets:

  1. Nashville, TN – Ratio of flips to home sales was 4.1% and the average flip profit was $87,200
  2. Fresno, CA – Ratio of flips to home sales was 3.5% and the average flip profit was $53,200
  3. Palm Bay, FL – Ratio of flips to home sales was 3.3% and the average flip profit was $71,500
  4. North Port, FL – Ratio of flips to home sales was 3.3% and the average flip profit was $85,300
  5. Baton Rouge, LA – Ratio of flips to home sales was 3.2% and the average flip profit was $70,000
  6. Chattanooga, TN – Ratio of flips to home sales was 3.1% and the average flip profit was $65,800
  7. Los Angeles, CA – Ratio of flips to home sales was 3% and the average flip profit was $169,400
  8. Lubbock, TX – Ratio of flips to home sales was 2.7% and the average flip profit was $46,000
Posted by: kregkurt on May 30, 2018
Posted in: Uncategorized