Updated over 13 years ago on . Most recent reply
- Flipper/Rehabber
- Kansas City, MO
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Top 10 places to flip houses in 2012
http://www.usatoday.com/story/money/business/2012/10/09/house-flipping-revival/1622429/
The article states the average flip is around $29,000 in profit, but I did find it strange that in markets that the median houses are only selling for $190-200k, they said the average profit was over $55k+?
I am from the Kansas City area, and I imagine our market is very similar to that of Omaha. The article states that the average flip profit is $79,000? How is this possible when the median house is only $196,000? Thats 40%!
Are other flippers seeing results like these with profits of $55k? Honestly, I am having trouble finding houses with $20,000 in profit off the MLS. Is there typically more profit buying homes not listed on the MLS?
I just found these results to be very surprising, any other thoughts would be appreciated.
- David Robertson
