Fix & Flip

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Research indicates that flipping houses has been on the rise across the nation. House flipping is when a home is purchased and then sold for a profit. In order for a house to be considered a flip, it must be bought with the intention of quickly reselling. The time between the purchase and resale often ranges from a couple months to one year.

The following are the best housing markets for home flippers, according to Realtor.com. We think you might be interested to see number 1 on this list.

  1. Nashville, Tenn.
  • Ratio of flips to all home sales: 4.1%
  • Average flip profit: $87,200
  1. Fresno, Calif.
  • Ratio of flips to all home sales: 3.5%
  • Average flip profit: $53,200
  1. Palm Bay, Fla.
  • Ratio of flips to all home sales: 3.3%
  • Average flip profit: $71,500
  1. North Port, Fla.
  • Ratio of flips to all home sales: 3.3%
  • Average flip profit: $85,300
  1. Baton Rouge, La.
  • Ratio of flips to all home sales: 3.2%
  • Average flip profit: $70,000
  1. Chattanooga, Tenn.
  • Ratio of flips to all home sales: 3.1%
  • Average flip profit: $65,800
  1. Los Angeles
  • Ratio of flips to all home sales: 3%
  • Average flip profit: $169,400
  1. Lubbock, Texas
  • Ratio of flips to all home sales: 2.7%
  • Average flip profit: $46,000

 

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