As home prices continue to rise and the cost of living becomes higher, purchasing a fixer-upper and turning a profit is increasingly attractive to real estate investors. In 2022, house flippers generated an average gross profit of over $70,000 per property, according to ATTOM Data Solutions. In 2023, house flipping will remain a profitable real estate investing strategy and some of the best cities to flip houses could surprise you.
If house flipping is your chosen investment strategy for 2023, it’s important to consider where the best cities to flip houses are, in order to maximize your success. 5 of the best cities to flip houses are:
- Jacksonville, FL
- Hartford, CT
- Atlanta, GA
- El Paso, TX
- Charlotte, NC
This ranking is based on local real estate market data and predictions which show that these markets are hot in 2023. Home prices in these cities aren’t excessively high, neither are home remodeling costs and there is a good demand for housing in these cities. As a house flipper, when you’re looking for places to flip houses and find a hot house flipping market, make sure to consider these factors, as well as buying power, neighborhood amenities, foreclosures, median household income and unemployment levels. These factors all work together to make a city an all around good area for house flipping.
Read Full Article: [Source: www.newsilver.com]
