10% of Home Sales Owed to 'Flippers' in 2022
The recent rise in the flipping trend was brought about by the skyrocketing home prices. This was also coupled with the rising mortgage rates and higher costs of labor and material.
A Burned-down House in San Francisco, Bay Area Sold for $1 Million
Despite the devastating fate and poor condition, the property at 254 Tamarisk Drive sold for $1 million, in just two weeks. That’s above its listing price of $850,000.
Major Blunders That Can Make House Flipping a 'Flop'
While there's certainly money in house flipping, there are also a lot of potential pitfalls and risks. In this post, we’ll discuss some of the biggest mistakes that can happen in house flipping.
Experts Recommend These Markets for House Flipping
For those unfamiliar house flipping is the process of purchasing a home, usually at a below-market price, and then renovating and selling it at a higher price. The key to success is finding a market with a combination of low prices and high demand.