The 7 Best Markets For Real Estate Investors

Realtor.com® identified the hottest housing markets for investors by pinpointing those where the highest percentage of homes were either flipped or rented out after the sale. The most profitable flip markets tend to be in the Midwest and South, which have a greater selection of older, lower-priced homes as well as strong economies and population growth.

In the second quarter, house flippers tended to see an average profit of $62,700, which does not include the money they devoted to fixing up the property, according to ATTOM Data Solutions. That equates to a profit of about 20% to 33% of the home’s value after repairs, the study notes.

Realtor.com®’s rankings factor in the number of investment home sales in the 100 largest metro areas. The following markets topped their list for most active markets for house-flipping:

1. St. Louis

  • Median home sale price: $189,900
  • Percentage of investment property sales: 18.8%

2. Birmingham, Ala.

  • Median home sale price: $190,000
  • Percentage of investment property sales: 17.3%

CONTINUE READING:  https://magazine.realtor/daily-news/2019/10/14/top-7-markets-for-investors

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