According to a recent Redfin report, flippers made an average of $102,400 per flip last year, the highest ever. Although flips were slightly down from 2014 (43,000 in 2015 from 46,000 in 2014), Redfin concludes that the future of flipping looks bright.
"Even though it reflects such a small portion of sales, flipping activity can tell us a lot about overall market conditions," Redfin said. "Investing in a flip involves making a bet on the market. It’s a vote of confidence that prices will appreciate, that value added by any improvements will outweigh the costs, and that a buyer will want to buy the home for the higher asking price."
What do you think? Read the full article here.