Home Flipping On the Rise in 75 Percent of Markets

[Wayne Ulias]

I'm a licensed Realtor in NJ with a keen eye on investment properties. So, while scouring the the latest market news, I cam across this great article that that tells the story of a "Flipping Bandwagon" rolling  over the nation. What does it mean to real estate investors? Well for one thing, it means you have more competition for finding and securing the great deals. However, if your fortunate enough to be able to find the great deals and invest in any of these top markets, there is money to be made. Homes flipped in 2015 yielded an average gross profit of $55K nationwide. Take a look at the article here and feel free to comment on your thoughts about this topic. 

[Steve Vaughan]

Interesting the avg flipper bought 26% below FMV then sold at 105%. 31% is also about the avg fed tax rate on s/t cap gains!

Anyway, thanks for sharing the article, Wayne. Sounds like 5.5% of all home sales going to flippers now is a little above avg. More seem to be aware of a potentially frothy market now than in '06, '07.