There is a mantra in real estate flipping that investors really make money when they buy property, not when they sell it.
Realtor.com's bargain-happy economics team found America's hottest real estate markets for investors, the cities where the highest percentages of home sales are for flipping or renting out, usually after a rehab. They tend to be more modestly priced cities in the Midwest and South, areas that have a larger selection of older, lower-priced homes, strong economies, and population growth creating demand for housing.
"Most of these midsized cities have strong job growth and lower home prices and a more relaxed lifestyle attracting Millennial," says senior economist George Ratiu of realtor.com.
St. Louis was the top market for flippers with an abundance of older, lower-prices homes in need of an update with some fixer-uppers starting as low as $15,000. To see other markets with a good supply of single-family homes priced on the low side …
Advertisement
Related Stories
Remodeling Projects
High Inflation and Recession Fears Aren’t Enough to Slow a Red-Hot Remodeling Industry
Home prices are peaking and mortgage rates are rising, but homeowners are moving full speed ahead with new remodeling projects in 2023
Remodeling
Remodeling Sector Eyes Slower Growth Ahead in 2023
Affordability concerns and moderating home price appreciation are causing a slowdown in the remodeling sector, though spending is expected to remain historically high into the year ahead
Remodeling
Remodeling Sentiment Remains High in the First Quarter of 2022
Remodeling market conditions are stable year-over-year, and remodelers are enthusiastic about more growth in the year ahead