By Beth Braverman
RealtyTrac.The improving housing market has upped the potential for quick profits: Home flippers made an average gross profit of $18,400 on single-family home flips, representing a 9 percent return on the initial purchase prices, the report found. That’s up 246 percent from the average gross return in the first half of 2012. The Atlanta area led the country in flipping activity, with nearly 6,000 properties flipped, followed by New York, Phoenix and Detroit. The amount of flipping activity increased in nearly 70 percent of metro areas.
Read More : http://www.thefiscaltimes.com/Articles/2013/09/05/Real-Estate-Red-Alert-The-Flippers-Are-Back
Published by