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Flipping is back

Started by Riversider
over 12 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.marketwatch.com/story/the-return-of-the-million-dollar-house-flip-2013-10-17 For the market as a whole, flips of single family homes fell 13% in the third quarter, according to new research from RealtyTrac, with investors earning a gross profit of nearly $55,000 on each property. But at the higher end of the market, homes seem to flip as quickly as a griddle full of hamburgers. Flipping increased 34% among homes worth $750,000 and over, 42% among $1 to $2 million houses, and 350% for properties worth between $2 and $5 million.
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