Investors, flipping homes are back, with a vengeance. With prices rising, a shortage of inventory, and an excess supply of cash looking to invest – the time has never been better for new investors to find and flip their deals for fast pay days – to the tune of $43,739 average profit per flip. Earlier this year I shared the “Top 10 Markets to Flip Foreclosure Homes for Profit” sharing details on investors making an $29,342 flip profit. Those numbers are now up 49%! Check out the first quarter results…
Check out the five highest gross profit number markets – these are in the same markets that lead us into this downturn during the subprime mortgage market meltdown in 2005. Investors in San Jose CA are making $103,241 profit per deal, in San Diego CA $85,714 profit per deal, in Las Vegas NV $70,746 profit per deal, in Orlando FL $64,976, and in Phoenix AZ $63,762. This is no surprise as these housing markets fell the farthest and now have the most profit upside.
With home prices continuing their climb from the bottom (hit spring 2012) 2013 is turning out to be a banner year for investors. It took seven years from the last real estate bust to boom cycle before we hit the top. Smart investors will be all in during the next few years, buying the right properties, in the right markets, at the right prices, locking in a substantial profit when they buy.
Whether you flip for fast pay days or hold for positive cash flow, there is a tremendous amount of money to be made in the foreclosure investing market right now. If you are wondering if you can make money flipping deals in your market, just check out the profits in the report above. The skies the limit. It’s up to you get your plan in place and execute!
If you are ready to get started flipping foreclosures in your market, without using any of your own cash or credit, you will need a gameplan. I will be sharing my winning plan tomorrow night in my Free, Live Foreclosure Investing Webinar “How to Buy Wholesale Foreclosures And Make Fast Profits Now” at 6pm Pacific (9pm Eastern).
One Lucky Attendee Will Win my “8 Steps to Mastering Foreclosures” multi-media training course. Winner announced at the End of the Call. Plus All Attendees will get a Free Video Replay of my entire presentation. Make sure you Register (on the right of this page) and Attend! Talk to you tomorrow!
*This report was created by analyzing 600 metro areas nationwide, all single family homes that were bought and sold within 6 months. From the 600 metros, the firm narrowed down the report to include metros with at least 500 flips during the year, and with at least a 9% annual increase in home values between first-quarter 2012 and first-quarter 2013. From that group of markets, the top 25 were selected based on the gross profit as a percentage of the original purchase price.
Read more about How to Flip Foreclosure Homes:
- New Investor Foreclosure Flip Strategies
- How to Flip a Foreclosure Home: Part 1 Contract Assignments
- How to Flip a Foreclosure Home: Part 2 Transactional Funding