RealtyTrac, the leading supplier of U.S. real estate data, with more than 1.5 million active default, foreclosure auction and bank-owned properties, conducted a study on the newly rediscovered "art" of flipping houses.
According to RealtyTrac, flipping homes — buying, rehabbing and reselling for a profit usually within about 90 days — will likely become more favorable for investors in 2013 as home prices are expected to continue climbing. And while buying homes as rentals still offers a solid rate of return in many markets, even buy-and-hold investors typically flip properties periodically to fund their ongoing rental purchases.
RealtyTrac selected the top 25 markets nationwide where flipping single family homes offers the highest rate of return based on the flipper’s gross profit — the difference between average original purchased price and the eventual flipped sales price of a flipped home.
To access the original RealtyTrac article/study click here.