According to ATTOM reports, almost 95,000 homes underwent a flip during 2021’s third quarter, showing 5.7% of all sales. However, the average gross profit on flipped houses was around $69,000 during that quarter, a 1.6% decrease compared to the previous year. Besides, house flippers’ return on investment fell to 32%, the lowest level since early 2011 and a sizable drop from a year prior. [su_spacer] What location is the best for flipping? Statistics show a wide contrast in the profits home flippers earns in different locations. Balancing Everything report says that the following cities were among the best for flipping a home previous year: Pittsburgh, PA. – ROI of 162.4% Atlantic City, NJ – ROI of 141.6% Memphis, TN – ROI of 132.7% Denver, CO – ROI of 109% New Orleans, LA – ROI of 104.2% Of course, these areas may fall beyond your possibilities. Nevertheless, take a magnifying glass […]