Gross Profits Soar To 80%, Fixing and Flipping in These Cities.

[Edward Jones]

Not every house makes a good flip. Just because a home is selling for a rock-bottom price doesn’t mean you can put money in it and automatically make a fortune. Check these cities out for your next Fix n' Flip...

According to Fortune, in 2016, flippers in the following cities saw gross profits of 80% or more of the price they paid for their homes:

East Stroudsburg, Pennsylvania (212.1%)

Reading, Pennsylvania (136.4%)

Pittsburgh, Pennsylvania (126.8%)

Flint, Michigan (105.8%)

New Haven, Connecticut (104.8%)

Philadelphia, Pennsylvania (103.7%)

New Orleans, Louisiana (97.6%)

Cincinnati, Ohio (88.5%)

Buffalo, New York (85.1%)

Cleveland, Ohio (83.8%)

Jacksonville, Florida (81.8%)

Baltimore, Maryland (80.8%)

[Mark Cruse]

No doubt. In Baltimore you can pick something up for 20k and may sell it for 60k, but you had to put 55k in just to get it to the market.