Can’t find any properties you’d like to buy? Would you like to know where you can find properties that aren’t currently on the market, but the sellers want to sell?
Home Flipping Hit a 10-Year High in 2016
“Home flipping was hot in 2016, fueled by low inventory of homes in sellable or rentable condition along with a flood of capital — both foreign and domestic — searching for the returns and stability available with U.S. real estate,” ATTOM senior vice president Daren Blomquist said. “The combination of more home flips and a greater share of financing for flip purchases resulted in a 19% jump in the estimated dollar volume of financing for home flip purchases, up to $12.2 billion for the flips completed in 2016 — a nine-year high.”
“Investors in search of flipping returns are increasingly willing to move to secondary and tertiary housing markets and neighborhoods with older, smaller properties that are available at a deeper discount,” Blomquist continued. “Given that many of these markets are more affordable, we are also seeing a higher share of the flipped homes sold to FHA buyers, with that share reaching a four-year high of 19.6% in 2016.”
“And it’s no wonder more investors are joining the home flipping market. The average home flipped sells at $189,900, a gross profit of $62,624. This is a 49.2% return on investment, an all new high for the report which dates back to 2000”
Source: HousingWire, 2016 Year-End U.S. Home Flipping Report by ATTOM Data Solutions
Which are the best markets for investment?
How do you make your investment decisions? Do you have a favorite method? How do you figure your return? Do you have tools to help you determine your best markets? What if your home market isn’t doing well? Would you like a secret weapon?
Which States Pay the Most in Property Taxes?
Geographic diversification should be a consideration for all investors. Although property taxes are one factor, investors should consider insurance, sales taxes, state & local income taxes, business & corporate fees & taxes, capital gains taxes, local business attitudes and much more to figure a bottom line after tax return.
http://www.housingwire.com/articles/39455-homeowners-pay-the-most-property-taxes-in-these-10-states
How Should You Take Title in Florida?
Transfer taxes on real estate in Florida make it imperative to get good legal & financial advice when you are acquiring property.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=344647
