Magnolia Property Solutions, LLC

Real Estate Investing

House Flipping Facts

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We love what we do, but we also know there’s a chance we have to take with each home we flip. It’s fun to look at a home and see it’s full potential and know you can give back the life it always wanted, but it does come at a cost. Is the cost worth it in the long run?

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According to Housing Wire there are some great profits to be had in certain areas! Even with the market being slow and the values of homes taking a while to appreciate, if you are smart at what you are doing and staying ahead of the game, you have a shot.

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RealtyTrac made a list of places that are hitting the market with great potential.

“To make the list, counties had to have at least 100 single-family homes flipped in the last 12 months (April 2013 through March 2014), see an average gross return of 30% or more on flips during that time period, have an unemployment rate below the national average of 6.7% in March, and have an increase in foreclosure activity in the first quarter of 2014 compared to a year ago.” – Housing Wire

It’s nice to know that we make the cut in one of the best markets to flips homes so we can continue to do what we love!

 

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