A flip is defined is defined were a home is purchased and subsequently sold again within six months.
According to Realty Trac, real estate investors made an average gross profit of $54,927 on single family home flips in the third quarter-a 12% higher average gross return compared to the third quarter of 2012.
A totoal of 968 high-end homes nationwide were flipped in the third quarter up 34% from the third quarter of 2012.
The rise in high-end flipping indicates there is still good money to be made for investors willing and able to take on the additional risk of buying and rehabbing more expensive homes.
Florida's 4,706 home flips in the third quarter came in second after California, which had 8,592 flips.
Our dwindling inventory here in Naples has made choices difficult for buyers. At GCIP we have proven methods and technology to help our specualitve clients succeed in making a good return on investment when it comes to real estate. Please call Kevin Aizenshtat a proven and successful agent if you are thinking of making a real estate investment or if you have equity in a good lot Kevin can team you up in a joint venture with the right architect, home builder, landscape architect and interior decorator to make your project proffitable.
Kevin can be reached at 239-777-1451 or by email at [email protected]
Warmest Regards,
Kevin Aizenshtat
Realtor