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10 hottest neighborhoods for home flipping

March 13, 2016 By Dan Leave a Comment

Dan Terry-house flippingDan Terry-Renters Warehouse

Last year was the strongest year yet for home flipping, with gains on flips in 2015 hitting $102,400 per flip on average, up from $98,500 in 2014 and significantly higher than the peak of $90,900 during the last housing boom, according to a report from real estate brokerage Redfin.

Unlike flipping, what if you purchased the same home with the intentions of holding onto it as a long term rental? People always need a place to live and why not have a steady flow of income, a nice tax write off and equity that someone else is creating (tenants paying down the mortgage).

To make this as passive as possible you should have a property manager take care of all your rentals. If you're already a landlord please ask for a FREE Rental Analysis.

This list of the top 10 neighborhoods for home flippers has a lot do with that lofty rise.

Source: Here are the 10 hottest neighborhoods for home flipping | 2016-03-11 | HousingWire

Filed Under: Real Estate News Tagged With: flipping, house flipping, property manager, rental, rental analysis

ABOUT ME

I’m a licensed Real Estate Broker/Investor with Jae Evans Real Estate located in Bellevue, WA and an Army veteran. I have over 18+ years of experience in the home purchase/sales and property leasing industry. During that time, I think that I've done just about everything in the Real Estate industry i.e.: flipping, wholesaling, etc. Read More…

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