![]() This amounted to a 4.8%+ from the previous quarter (2021-Q2) and nearly 22.5% over the previous year ( $230,000). To provide some context, the median price of the homes that were flipped in 2021-Q3 hit a record high at $281,847. ![]() This translates to one flip for every twenty real estate transactions of single-family homes. Those transactions identified as a ‘house flipping deal’ accounted for 5.7% of the total single-family transactions for 2021- Q3. ![]() Real estate flippers find distressed properties (or fixer-upper homes), remodel, and sell the property for profit.Īccording to ATTOM Data Solutions, a national curator of property data, 94,766 single-family homes/condos were flipped in 2021’s third quarter. However, the investment strategy’s potential to generate a lot of money has found renewed popularity in recent years.Ī house flip is defined as an investment property that is bought and sold within the same 12-month period. Flipping houses has been a lucrative business & short-term investment strategy for many years.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |