An interesting article on flipping

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Fellow BP flippers,

Saw this article on Yahoo! and thought I'd share: http://finance.yahoo.com/news/housing-flipping-ris....  A few interesting excerpts:

- Flipping returns are up substantially from a year ago at the national level and in moderately priced markets such as Miami, Atlanta, Phoenix and Minneapolis, flipping returns are softening in some of the higher-priced markets such as San Francisco, Seattle, Denver and Los Angeles

- Flippers should proceed with caution in the next 6-12 months as home price appreciation slows and a possible interest rate increase could shrink the pool of prospective buyers for fix-and-flip homes

- Flippers are taking an average of almost 6months to rehab their homes, which is an 8-year high

- Flipping is not always profitable. Flips on the lowest-priced homes, below $50,000, saw negative returns in the second quarter [of 2015]. The sweet spot appears to be homes priced at $100,000 to $200,000, which yielded an average gross return of 44 percent