Home flips are back in fashion

Investors flipped more than 207,000 properties in 2017.

The average gross profit was $68,143 (difference between purchase price and flipped sale price).

The number of flipping houses was at the highest since the infamous 2007 real estate bubble.

A report from Attom Data Solutions found that 138,000 investors flipped more than 207,000 properties in 2017. 65% paying cash which is the opposite to what was observed pre the 2007 crash.

Advertisements